Financial chatbot Trim has a new feature called Trim Savings. (Here’s a previous review of Trim’s subscription cancellation service.) You link your existing Visa card and they will come up with cashback coupons. The offers are linked to your Visa card number so that when you swipe your card, the coupon is automatically applied as a statement credit on your account. No paper coupons. No codes to show. It sounds very similar to the AmEx Offers feature on American Express cards.
Limited-time promotion. They are currently offering $40 in cashback coupons towards “everyday purchases” like groceries, dining, shopping, and movies. While supplies last. Here’s how that $40 breaks down:
- Groceries: $1 on any purchase > $5 (you’ll receive 10 of these–a total of $10)
- Dining: $1 on any purchase > $5 (you’ll receive 10 of these–a total of $10)
- Movies: $10 on any purchase > $20 (you will receive only once)
- Shopping: $10 on any purchase > $50 (you will receive only once)
From their site:
For example: You sign up for Trim. We send you a $10 cashback coupon offer for shopping. You go to the Gap and spend $50 on your Chase Visa card. The moment after you swipe at the register, you’ll get a message saying “Trim saved you $10!” You’ll receive a statement credit for $10 on your Chase account.
Requirements. You’ll need both a Visa card and Facebook Messenger account in order to receive and activate cashback coupons from Trim Savings. When I did it, Trim only wanted access to my public Facebook profile. They say that SMS will be supported in the future. Here’s a screenshot from my Messenger account:
What you’re giving up. The service is free, but you must agree that “Trim and Visa can share my card and transaction details to identify qualifying purchases, provide rewards and personalize offers based on my past and ongoing transactions.” Basically, you are signing up for targeted advertising in the form of coupons based on your spending history.
Bottom line. If you are comfortable sharing your Visa purchase history and have a Facebook Messenger account, Trim Savings seems like an easy $10-$40 bucks upfront for buying the same things you would have otherwise. We’ll have to see what other good coupons come up. Keep it afterward if you like it; unlink your card later if you don’t.