The cash back site Snap by Groupon is making some big changes starting March 1, 2016.
In an e-mail sent to Snap by Groupon members this week, the company announced that they are doing away with their grocery cash back offers. Instead, they will be offering "retailer-specific promotions" according to the e-mail below.
If you have $20 in your Snap account, you can request a check and cash out your balance. If you have less than $20 in your account on March 1, you will get a credit to Groupon for your balance. See the details below.
E-mail from Groupon:
Valued Snap Customer,
Great news! Starting on March 1, 2016, Snap will be expanding to include Groupon's inventory of nearly 70,000 digital offers at top retailers in the United States and Canada. With this update, Snap will be transitioning from product-specific to retailer-specific promotions.
Since these new promotions allow for easy redemption and instant savings, we will be sunsetting Snap’s cash back feature.
What does this mean for my existing Snap balance?
If you have a balance of $20 or more, you can still request your check. If your balance is less than $20 on March 1, per the terms of the Cash-Back Program, you’re not entitled to request a check, but we will be giving you promotional Groupon Bucks in an amount equivalent to your Snap balance rounded up to the nearest $5. Those Groupon Bucks will expire on September 1, 2016, so spend them soon.
For more information about how the transition affects your Snap balance and for the terms that apply to Groupon Bucks, please click here. During this process, we will also be converting your Snap account into a new Groupon account. You can opt out of this conversion by February 29.
Thank you for being such a valued customer, and we look forward to bringing you even more ways to save extra money online and in store at places where you shop every day. Please feel free to reach out to SnapSupport@groupon.com with any questions. Thanks,
Snap by Groupon