Posts Tagged ‘social saving’

Tweet Your Way to Savings with American Express

Thursday, March 8th, 2012

American Express is no stranger to social saving initiatives: In July 2011, they introduced the “Link, Like, Love” Facebook app that tailored deals to places that users “Liked” or checked into via Facebook Places. Through their partnership with Foursquare, they have also launched several savings programs such as loyalty rewards and rewards for shopping at small businesses. Now, they have brought the savings over to Twitter with their new Sync with Twitter program.

The program allows you to sync your Twitter account to an American Express card by going to sync.americanexpress.com/twitter (Note: the program does not work with protected Twitter accounts). Once a user’s accounts are synced, they can send tweets with special offer hashtags and the corresponding offer will be automatically loaded onto the synced card. When the user then goes to buy a featured item at a participating retailer, the savings are automatically delivered via a statement credit within a few days. No coupons, no promo codes; you don’t even need to let the retailer know you are part of the program: it’s all automatic.

The current special offer hashtags can be found on AmEx’s Favorite Tweets page. Current participants include Best Buy, Sports Authority, Cheesecake Factory, H&M, McDonald’s, and Whole Foods. These are some of the current offers so far:

  • Best Buy: Tweet #AmexBestBuy to get $10 back one time on your next single purchase of $100 or more with your synced card
  • Dell: Tweet #AmexDell to get $100 back one time on your next online purchase of $599 or more with your synced card
  • Virgin America: Tweet #AmexVirginAmer for 10% back one time on main cabin tickets with your synced card

As you can see, tweeting can actually save you a huge amount of money on certain items.  American Express has been trying to appeal to younger customers and promote spending, and I believe it is working. When I first started noticing Foursquare deals for AmEx cardholders, I wished I could redeem them, but not enough to open a new credit card.

But with each new social initiative, I want an American Express card a little bit more. For those obsessed with social media, it can seem worthwhile. At this point, most of the places I check-in to on Foursquare have special offers from American Express. It now feels like I have to spend more money because I have a different credit card, and that’s why these initiatives will work.

American Express is paving the way for integrating social media into spending. We have to spend money from time to time, and it’s not fun. But social media is fun, and if there is a way people could save money while having fun, I’m all for it.

What do you think of this new program? Sound off in the comments!

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Deals: Facebook’s Counter to Groupon

Friday, March 18th, 2011

At this point, most of us have heard about Groupon, the website that promotes deals-of-the-day to localized markets around the world. Well now, Facebook (it’s surprising it took them this long) is about to horn in on the action through full-fledged promotion of its Deals service.

First announced last November, according to Computerworld, Facebook Deals began as an outlet for local businesses to offer deals to visitors of their company page.  On Wednesday, however, Facebook kicked things up a notch. They have now launched a campaign promoting that users subscribe to Deals to receive updates about coupons, specials, etc. directly into their news feed. This eliminates the need to go to specific company pages to find the deals, and it allows greater visibility, especially since Facebook can manipulate the feed using EdgeRank, says Inside Facebook.

Initially, Deals will only be offered to subscribers in five test markets: Atlanta, Austin, Dallas, San Diego, and San Francisco. Facebook will likely expand the offers nationwide soon enough, unless the revamped Deals is a complete bust.  But that won’t happen. The social network plans to turn this service into a major form of business, and as long as it can mesh the Deals in with news feeds without being invasive, that’s exactly what will happen. Groupon is definitely aware of this already, as they have an ad blitz prepared, says Mashable.

So yet again, Facebook is making strides to be your one-stop-shop while on the web. What will be next, Facebook tax preparation and filing?

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Facebook to Test Groupon-Like Deals

Wednesday, March 16th, 2011

Local coupon deals have become very trendy among tech companies. Foursquare just added 6 new types of specials, while Groupon and Living Social continue to be extremely successful.

Now, Facebook will soon be expanding its deals discount service. Coupons will be available to Facebook’s 500 million users, but whether they will cap the number of coupons is still unknown.

The service is debuting in five test markets: Atlanta, Austin, Dallas, San Diego, and San Francisco. Users will be able to view all local promotions on a special page located on the upper-left side of their Facebook homepage. The coupons can then be shared with friends.

Facebook says it’s focusing its deals on services users are more likely to do with others. “You won’t get your legs waxed with friends,” Emily White, Facebook’s director of local operations, told The Financial Times. “You dine out, you go to concerts, you do outdoor activities. We want to make sure those experiences are maximized.”

Facebook declined to say how the coupons would be purchased, but the company’s virtual currency, Facebook Credits, may be used to purchase deals. Using Facebook Credits would expand its user base, however the company is still exploring different ways for users to buy. The service should be available to all users within the next couple of weeks.

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