Would give these scammers 0 stars if I could. They claim to be a rewards company, then when you want the rewards you have to pay a 33% fee just to attain them. Plutus price is crashing, so now they've decreased the perk value payout for say a £10 value perk should get you 6.4 plu (current value of plu 0.64) how much plu did they give me? Just 1 plu. So all their perks are meaningless when they just change the rules to suit them wherever it's an official change, or they will just blame it on a technical glitch, everything they do is to benefit them, while they rip you off in the long run. I would avoid this company and save your money. A crack head is more trustworthy with your money than Plutus so please stay clear.
March 6, 2025
Unprompted review
Reply from Plutus.it
Hi,
We understand that changes to Terms & Conditions can feel overwhelming. However, each update over the last 6 months during the transition—voted on by the community—has been carefully considered with our customers' best interests in mind. As detailed in our whitepaper, these changes are vital for building a stronger ecosystem that can continue delivering exceptional rewards and innovative features.
Additionally, both the industry and Plutus have evolved significantly since 2015. After nearly a decade, it’s crucial to implement important updates to align with regulatory requirements, improve security, and ensure the long-term sustainability of our platform. We’re committed to transparency and always provide advance notice of changes, giving you ample time to review and understand them.
In Q3, last year we introduced a white paper (https://www.plutus.it/blog/simplified-white-paper-2024) which was voted on by the community, once approved multiple utilities were built giving each PLU a tangible redemption value aligned to a £/€10. As part of these sustainability plans, the emission rate at which you earn rewards from card spending also had to be aligned to ensure a fair-balanced reward system for scaling to a wider Web2 audience.
Unlike the legacy reward system, which depended on unreliable external sources that failed to reflect PLU's true intrinsic worth, this system anchors emissions to real, utility-driven value within the app.
This system also keeps the PLU supply steady and unaffected by external factors, ensuring a fair and reliable experience for stackers and customers who use in-app utilities.
Please see list of utilities providing balanced redemption and emission values which are also planned to be aligned on PlutusSwap for EU customers in Q2: The £/€10 Emissions Anchor Explained: https://www.plutus.it/help/the-10-emissions-anchor-explained
See also our helpdesk article Calculating Your PLU Reward Amount here: https://www.plutus.it/help/calculating-your-plu-reward-amount
PLU can be used in-app for utilities like PlutusGifts, PlutusMiles and PlutusTravel, and starting in 2025, you’ll be able to skip payout fees completely. In January, new reward level benefits include Free Payouts, Double Rewards & Golden Tickets. Furthermore Stackable Perks are already live.
If you're not on a reward level, a dynamic fee applies to cover costs, encourage in-app PLU use, and support the platform's long-term success. These fees have existed since inception and were free for an extended period. More details: https://x.com/Plutus_Support/status/1785383378356740436