FinTech App Review – Earny

A coworker and good friend of mine introduced me to the world of finance technology a couple of years ago by showing me a series of spreadsheets he had compiled for paying off debt and investing in the markets. Together we worked to modify and refine those spreadsheets to help us work towards our financial goals and thus began my interest in applying my technical knowledge to financial planning.

Today I continue to refine my financial planning spreadsheets and work towards new and updated financial goals. Part of the effort has been directed towards a new wave of apps and services that help me maximize the value from products or services that I purchase.

Enter Earny, the app that monitors price changes for your purchases and automates the price protection/price match process to help get you that refund.

Price protection, or price matching, is a policy that many retail stores and credit cards have that allows a shopper to receive a refund of the difference in the amount they paid when there is a price drop on the item. The length of time in which you can make the request varies by retailer, but is typically around 2 weeks. Many credit cards also offer price protection on purchases made with the card and tend to have an extended period of 30 – 90 days.

The wonderful feature of Earny is that is monitors your purchases for price changes automatically and many times can automate the price protection request on your behalf, leaving you with little to nothing to do except reap the benefits.

The monitoring service itself is free, but Earny does charge 25% of whatever price protection claims it files that are approved. This is a great deal in my mind given that Earny is doing a vast majority of the work and most of the time I would not have noticed the price drop myself, so it’s a win-win.

I’ve been enjoying my experience with Earny so far with several claims netting me almost $20 so far with no extra effort on my part. I’m looking forward to seeing how much Earny is able to get back for me in the future.

Sign up for Earny using my referral link here and get started today!