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What are the differences between Rakuten and Honey?
A better way to understand which one is more suitable for you.
9/16/20241 min read
Honey and Rakuten are both tools that help you save money while shopping online, but they go about it in different ways.
Honey is all about finding coupon codes. You install the browser extension, and when you're checking out at a store, Honey will automatically search the web for any discount codes and apply the best one for you. It’s super quick—no need to hunt for codes yourself. Plus, it has this Honey Gold rewards program where you can earn points that can be turned into gift cards.
Rakuten, on the other hand, is more about cashback. Instead of hunting for coupons, Rakuten gives you a percentage of your purchase back as actual cash. You shop through their site or app, buy what you need at stores like Amazon or Walmart, and then Rakuten tracks your purchase and adds cashback to your account. You can later cash out via PayPal or check. They also occasionally offer discounts, but cashback is the main deal.
So the big difference is how they save you money:
Honey = Discount codes at checkout + points for gift cards.
Rakuten = Cashback on your purchase that you can withdraw as money.
You can actually use both together! Honey can find coupons, and Rakuten can give you cashback—double savings!