Earlier this month, Groupon announced new savings service Groupon+ (Groupon Plus), exclusive to Visa and MasterCard holders. Eligible cardholders can enroll for free and access cash back offers of up to 30% at local restaurants and other “neighborhood favorites.” And the best part is, there’s no need to print out coupons or hand over your phone at the end of a meal; Groupon+ deals are “voucherless.”
When you sign up with Groupon+, you’ll receive cash back on your monthly statement every time you visit one of over 1,500 participating restaurants, located in over 23 markets across the U.S. All you have to do is pay for your meal with a Visa or MasterCard. All Visa or MasterCard credit or debit cards are eligible for Groupon+.
How it works
Simply log into your Groupon account and search for Groupon+ deals. When you find a great deal, click “claim,” and add your Visa or MasterCard to your account, if you haven’t done so already. That’s all it takes. The Groupon+ deal is ready for immediate use, and you’ll receive a confirmation email containing instructions on what to do next.
Rewards still apply
The new partnership creates an interesting opportunity for rewards-minded Visa and MasterCard cardholders. You’re still able to earn rewards as normal, while spending anywhere between 5 and 30% less on claimed Groupon+ deals.
If you’ve got the Chase Sapphire Preferred® Card, issued by Visa, you already earn 2X points per dollar spent at restaurants worldwide. Sign up for Groupon+, and you’ll be able to earn that high rate of rewards in addition to a Groupon+ statement credit at eligible restaurants. If you’re a travel-minded foodie, then you can pair the Barclaycard Arrival Plus® World Elite Mastercard® with a Groupon+ and earn additional cash back on top of the usual 2X the miles per dollar spent.
The fine print
Debit card transactions will qualify for Groupon+ only when they are processed as credit transactions. (That means using a signature to purchase instead of a PIN.)
The following types of Visa and MasterCard cards are not eligible for Groupon+:
- Corporate cards
- Purchasing cards
- Prepaid cards (including insurance prepaid cards and government administered prepaid cards)
- Healthcare cards
- Visa Buxx
Additional restrictions will vary by deal.
Groupon+ doesn’t just apply to food, either: Groupon has announced plans to move beyond restaurants and into the beauty, retail, and home service industries. Stay tuned!
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