One-Tap Online Shopping Savings Compared: Capital One Shopping Vs. Honey

There’s no sense in paying full price when shopping online — not when there are two truly legit discount apps that will save you money: Capital One Shopping and Honey.

The question is, which one to go with? Since I do at least 75% of my shopping exclusively online, I decided to run some tests to find out which coupon app was going to come out on top.

If you’re ready to save some serious cash on your next shopping trip, read on.

What’s Ahead:

Capital One Shopping vs. Honey summary

Features Capital One Shopping Honey
Format App
Browser extension
Website
App
Browser extension
Website
Partners Not specified, but most major name brands, plus Amazon 30,000 participating merchants including Amazon and
Watchlist Yes Yes (called Droplist)
Automatic coupon codes Yes Yes
Lowest Amazon price No Yes
Membership required No, except for credits No, except for Gold program
Local offers Yes No

About Capital One Shopping

One-Tap Online Shopping Savings Compared: Capital One Shopping Vs. Honey - Capital One Shopping

One-Tap Online Shopping Savings Compared: Capital One Shopping Vs. Honey - Capital One ShoppingCapital One Shopping is a discount and savings app owned by Capital One. It bills itself as the best option for discounts, loyalty perks, and deals.

To use Capital One Shopping, simply download the app, install the browser extension, or just visit the web site. Using Capital One Shopping gets you better prices on your online shopping, automatic discount codes at checkout, and tracks your must-have items to find the best price.

About Honey

One-tap Savings Compared: Wikibuy Vs. Honey - Honey

One-tap Savings Compared: Wikibuy Vs. Honey - HoneyHoney is an app dedicated to finding you the best deals and promos on all your online shopping. Installing the browser extension or downloading the app gets you great discounts and automatic coupon codes when you’re shopping online.

You don’t even have to lift a finger, Honey will add the best coupon they find right to your cart, or they’ll let you know that you have the best deal. 

Capital One Shopping vs. Honey savings

As major players in the discount code space, it may be tough to tell what sets Capital One Shopping and Honey apart. They’re both extremely effective at finding deals and applying codes. So let’s compare them in terms of savings. 

Capital One Shopping savings

Capital One Shopping helps you save in two main ways. First, it runs a comparison for the item you’re looking at, showing you if there’s a better price somewhere else. So, if you’re browsing Walmart.com for a particular camera, Capital One Shopping checks Amazon, Best Buy, B&H Photo Video, and other stores to see if you’re really getting the best possible deal.

Capital One Shopping shows you who has the lowest price, so that you can make the best choice for your wallet. They even spell out how long to expect for shipping at each alternative store and how much it costs to ship — so you get the true total price.

Then, at checkout, Capital One Shopping will scan all available coupon codes for you — automatically. No more Google searches or saving endless store emails; just have Capital One Shopping work its magic and you get the savings.

A word of warning, though: sometimes the savings you get are just cash back credits, and you can’t cash those out immediately. They may need to be verified and then can be redeemed for gift cards at some of your favorite retailers. 

Honey savings

Honey also automatically scans and applies coupon codes for you when you shop online. You don’t have to waste time with coupons that don’t work, because Honey only applies valid promo codes. 

Honey also saves you money by notifying you when items in your Droplist have changed price. The Droplist is Honey’s version of a watchlist; it’s where you save items you’re interested in. Not only will the Droplist notify you when prices drop, but you can see the price history, too.

Like Capital One Shopping, Honey also offers a cash back program, called Honey Gold, which requires a sign-up. Similar to Capital One Shopping, you have to save up a certain dollar amount (in this case, $10 of “gold”) before you can cash out in the form of a gift card. 

Capital One Shopping vs. Honey savings summary

Both Capital One Shopping and Honey will show you deals and automatically apply promo codes. The real difference comes down to the way you shop. Are you mostly an Amazon shopper? Then Honey is going to help you out. Do you want to take a moment to compare prices across a bunch of different retailers and go with the lowest cost? Then Capital One Shopping is for you. 

Here’s an example: I am in the market for a new pressure cooker. I found one I liked on Amazon. The Honey extension notified me that I found the lowest price of all the sellers on Amazon. I could check out with confidence. But the Capital One Shopping extension showed me that I could actually save $5.99 by taking advantage of a 7% cash back deal at Macy’s. I never would have known about that offer otherwise. 

However, while I may technically be saving $5.99 by purchasing my pressure cooker at that particular department store, I do not actually see those savings immediately; I have to save up the credits and apply them to a gift card, choosing from 32 different stores. Sometimes, you’d just rather have the cash.

Capital One Shopping vs. Honey pros

Capital One Shopping pros:

  • Detailed price history and insights – You’ll get insights into each product you shop for.
  • Compare prices at multiple stores – You can find the best deal at a large number of big-box retailers. 
  • Shipping included in price comparison – Easily see how much you’ll pay for everything, including shipping. 

Honey pros:

  • Finds the lowest offers on Amazon – There are thousands of shops on Amazon, so knowing which has the lowest price can be a huge help.
  • The website is more pleasant and transparent to use – Honey is as simple as downloading a Google Chrome extension.
  • Honey Gold program rewards you with gift cards – After earning a set amount of gold, you can cash out for gift cards. 

Capital One Shopping vs. Honey cons

Capital One Shopping cons:

  • Discounts are sometimes in the form of cash back, not lower prices – Not everyone wants to deal with cash back, some folks would prefer straight cash. 
  • Local deals require linking a credit card – If you want local deals, you’ll need to link your credit card, which could be a problem for those worried about privacy issues. 

Honey cons:

  • “Cash back” is in the form of gift cards at select retailers – Just like Capital One Shopping, cash back comes in the form of gift cards, rather than just cash. 
  • Doesn’t always find a valid code to apply – Honey isn’t perfect, and sometimes they miss coupon codes. 

Why choose Capital One Shopping?

Multiple store comparisons

Since both Capital One Shopping and Honey automatically apply coupon codes, one of the biggest differences might be that Capital One Shopping compares prices across multiple stores. You can also use the Mobile Price Comparison tool if you’re on mobile; text an Amazon link to PRICE1 and Capital One Shopping will text you back if there are lower-priced options available.  

Effective discounts

Capital One Shopping frequently finds a way to save on shopping trips, whether it’s a promo code, cash back offers, or lower shipping. Based on my usage, it seemed to deliver lower prices in some format more often than Honey.

Detailed product pages

The product pages showed a great deal of detail. In addition to the price, you’ll also be able to see a detailed price history, 180-day price insights, price volatility ratio, YouTube reviews, related products, and top alternatives.

Why choose Honey?

Get the lowest Amazon price

Having to sort through all the different prices offered by different Amazon sellers on the same product can be a pain in the neck. Honey does a great job of reducing that workload for you, simply showing the lowest-priced Amazon seller for what you’re looking for. So if you do most of your online shopping with your Amazon Prime subscription, the Honey browser extension will be a big boon.

Or avoid Amazon altogether

If you’re more of a mobile shopper and you tend not to shop on Amazon, the Honey mobile app (as opposed to the desktop browser extension) is a way to find thousands of great deals when you’re on your phone — no Amazon required. In fact, the mobile app doesn’t show Amazon products at all, which could be a good fit for you if you’re not a fan of the behemoth site.

Summary

Overall, choosing either Capital One Shopping or Honey is better than shopping online without them. Each will scour the internet for valid coupon codes, which can save you lots of money. You don’t need a membership with either one unless you want to start earning credits (or “gold”) to be redeemed for cash back. Not to mention, signing up for cash back offers could be worth your while, especially if you don’t mind turning over some of your privacy and letting these extensions track where you shop in exchange for saving a little bit of dough.

However, all that being said, Capital One Shopping does edge out the competition by a nose if you’re looking for the overall lowest price. If you’re primarily interested in coupon codes and Amazon deals, Honey is your better bet.

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Source: moneyunder30.com