Honey Review: Does It Really Save You Money and Is It Safe?

Honey neon sign
©Honey

Don’t you hate it when you’re about to check out at your favorite online store and you have nothing to input in the “enter promo code” section? A quick Google search may uncover a bunch of coupon codes and links — but they redirect you to dead ends, or the code returns a message of “not valid.”

Where are these mystery discount codes and how can you find them to save money on your online shopping? If you can relate, read this Honey review — your days of FOMO (fear of missing out) on a deal may be over.

What Is Honey?

Consider Honey your own personal coupon collector. Honey, which is owned by PayPal, is primarily a browser extension, meaning an app that works with your web browser. After you’ve installed it on your online browser, Honey will automatically scan the internet for all the deals it can find on the item you’re looking at.

Honey is also available as a mobile app, but the app doesn’t have as much functionality as the web browser you can install on your laptop or desktop computer.

Make Your Money Work for You

Honey is compatible with the following web browsers:

  • Chrome
  • Edge
  • Firefox
  • Opera
  • Safari

How Much Does Honey Cost?

Honey is free. There’s no commitment required to sign up — download the app or extension and start browsing your favorite online retail stores to see what deals Honey finds.

Is Honey Secure?

Honey is secure because it doesn’t store any critical personal information about you. Honey will watch the page you’re on to find relevant coupons for the product you’re looking at, but it stops there. Honey does not collect your credit card numbers or billing information.

What Features Does Honey Have?

When you’re surfing the web, Honey works behind the scenes to find you coupons and deals on item for sale. Some of its best features are:

Coupon Codes

Honey offers coupon codes for over 30,000 online shopping websites. Some of the most popular sites that are compatible with Honey include:

  • Amazon
  • Groupon
  • J Crew
  • Sephora
  • Best Buy

The Honey extension will appear on your browser’s address bar, near the URL of the page you’re looking at. On Safari, you’ll find a cursive “h” to the left of the web address. When Honey uncovers coupons for the item you’re interested in, you’ll see a number next to the icon, referring to the number of coupons available for the item.

Once you’re ready to check out, Honey will provide you with the list of coupons available. No more having to copy and paste coupon codes — the browser app will automatically apply them at checkout. And you’ll see how much you saved once the coupons are applied.

Honey allows for coupon crowdsourcing for supporting websites. Besides the automatic tool, users can add coupon codes Honey may have missed in its search of the internet. When new coupons are manually added by users, they’re saved to the Honey database to help others get a great deal, too.

Price Drop Alerts/Watch List

If there’s an item you have your eye on and there are no good coupons currently available, you can add it to your Droplist and sign up for a price drop alert. You can add unlimited items to your Droplist to monitor for a period of 30, 60, 90 or 120 days. Once a coupon is available or the item goes on sale, Honey will notify you by email.

Make Your Money Work for You

Honey Credits/Rewards

Besides the savings you’ll get when Honey helps you find deals on the items in your shopping cart, you can earn Honey Gold rewards. Gold is awarded as a percentage of what you spend. Unfortunately, Gold isn’t available from Amazon purchases, but there are plenty of other websites that allow you to earn rewards. They include:

  • AT&T
  • eBay
  • Groupon
  • Macy’s
  • Overstock
  • Walmart

Once you have 1,000 Gold points, you can redeem them for a $10 gift card. The gift card can be used at a variety of retailers, including:

  • 1-800 Flowers
  • Amazon
  • App Store & iTunes
  • Athleta
  • Banana Republic
  • eBay
  • GAP
  • Google Play
  • Groupon
  • Lowe’s
  • Macy’s
  • Nike
  • Nordstrom
  • Old Navy
  • Sephora
  • Target
  • The Home Depot
  • Walmart

Honey Referrals

Do you have a wide network of friends? You can earn more Honey credits when you refer people to join. It should be pretty easy to convince others to sign up for Honey — who doesn’t like a free way to collect coupon codes on the items in their shopping cart? When Gold posts to your friend’s account, you’ll both receive a 500 Honey Gold referral bonus.

Who Is Honey Best For?

Honey is best for frequent online shoppers with an available computer, laptop or smart device. The browser extension or app can find a plethora of coupons shoppers may not necessarily know about or have the time to find themselves.

How Does Honey Make Money?

If Honey is free to use, how does Honey make money? According to the website, Honey makes money by receiving commissions from merchants it partners with. Every time you save by using a coupon Honey found, Honey makes a little money.

How To Get Started With Honey

As mentioned, Honey is free and doesn’t require you to do much other than set it up and let it automatically scour the web for coupons and deals on what you’re looking at. Follow these steps to get started and see how Honey works.

Step-by-Step Guide To Using Honey

  1. Sign up for an account using Google, Facebook, Apple, PayPal or an email address.
  2. Download the Honey browser extension.
  3. Start watching the Honey icon next to the URL address you’re visiting to see what kind of coupons and deals Honey finds.
  4. Add the item to your shopping cart, and let Honey automatically apply coupon codes and discounts.
  5. Watch your purchase total drop in price.

Alternatives to Honey

Honey is a great tool to find the best online deals, especially if you’re using it on a laptop or desktop computer. But it isn’t the only way to save money shopping online. There are alternatives to Honey worth checking out.

  • Wikibuy: Capital One Shopping browser extension that finds deals, automatically applies coupons and watches for price drops
  • RetailMeNot: Website or app finds you coupons that you can cut and paste at checkout
  • Piggy: Browser extension that automatically adds coupon codes and discounts during checkout at participating online retailers

Honey Review: Should You Download Honey?

If you regularly shop online, you should definitely download Honey and let it get to work at saving you some cash. It’s free and safe — Honey doesn’t save your personal information such as credit card numbers or billing details.

Our in-house research team and on-site financial experts work together to create content that’s accurate, impartial, and up to date. We fact-check every single statistic, quote and fact using trusted primary resources to make sure the information we provide is correct. You can learn more about GOBankingRates’ processes and standards in our editorial policy.

About the Author

Cynthia Paez Bowman is a personal finance writer with degrees from American University in international business and journalism. Besides writing about personal finance, she writes about real estate, interior design and architecture. Her work has been featured in MSN, Brex, Freshome, MyMove, Emirates’ Open Skies magazine and more.
Honey Review: Does It Really Save You Money and Is It Safe?
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