Offermatic is kicking off the Automatic Rebate model with a limited time Consumer Bailout offer - 5% Automatic Rebate on gasoline purchases.
Sunnyvale, CA (PRWEB) October 13, 2010
Offermatic (http://www.offermatic.com), the free & automatic savings platform for consumers, today announces the introduction of Automatic Rebates.
Automatic Rebates will allow Offermatic members to receive valuable money-saving rebate offers from merchants based on their purchase history - with the rebates being applied directly to their debit or credit card. This innovative model eliminates the need for coupons, codes, or vouchers.
Additionally, Offermatic is kicking off the Automatic Rebate model with a limited time Consumer Bailout offer - 5% Automatic Rebate on gasoline purchases.
While Wall Street and the banks have received big bailouts, consumers have been left out of the bailout action. To add insult to injury, consumers have had to deal with rising unemployment, and higher food and gas prices.
The Offermatic gas rebate bailout offer will be available for a limited time and also be limited to the first 25,000 consumers that sign up for the offer. While Offermatic would love to reduce the price of gasoline by 5% for all Americans, this limit will ensure Offermatic itself will not to seek a bailout.
Offermatic works by enabling consumers to anonymously and securely link their credit or debit card to its free service. Once a card is linked, members receive automatic rebates, discounts, and reward points - all based on their card spending history. It's a simple and easy way for consumers to double or triple the value of their credit or debit card rewards program.
"While credit card reward programs have been very popular with consumers, many banks and card issuers have been cutting back on perks associated with their reward programs. Offermatic is enabling a counter-balance to this trend, by enabling consumers to add automatic rebates, discounts, and reward points to their debit or credit cards – on top of their current card rewards," said Faisal Qureshi, co-founder and CEO of Offermatic.
Offermatic rewards are funded by merchants who target new customers based on their purchase history, so it’s a win-win for them as well as Offermatic members who use the free service to receive substantial savings on products and services they already purchase.
Offermatic is a seed funded company based in Silicon Valley pioneering a simple and powerful way for consumers to save money using their credit or debit card(s). The service is 100% free, and allows consumers to add automatic rebates, discounts, and reward points to any existing debit or credit card. While consumers benefit from highly targeted and relevant money-saving offers, merchants are equally benefited. Merchants target people based on their actual spending history and send them offers they have opted-in to receive, acquiring new customers with unprecedented targeting accuracy on a pay-for-performance basis. For more information, please visit http://www.offermatic.com or for the bailout program visit http://www.offermatic.com/bailout.