Up next in our weekend series highlighting cash back programs is Upromise!
Upromise is a free rewards program designed to help you save for higher education expenses and it doesn’t require much effort beyond the initial signup.
What is it?
Upromise is a free service that helps families earn extra money for education.
You earn rewards from partner companies (more than 800 online stores, 10,000+ restaurants, grocery and drugstore items) when you buy certain products or services. When you shop online, you simply use Upromise’s portal to click through. When you shop in stores, you get credit by using credit/debit cards that you’ve linked to Upromise.
Add your credit cards. When you shop at participating restaurants, gas stations and stores, you’ll automatically earn money back on participating products. The earnings are in addition to your regular credit card rewards. For example, you can use a gas rewards credit card and double dip with the cashback and Upromise contributions.
Add grocery and drugstore cards. Whenever you buy groceries you receive rewards for participating products. Don’t forget to activate the ecoupons before you go!
Sign up family and friends. You can have grandparents register for accounts and the earnings go to your children. Every time they buy gas a portion of their purchases are deposited into your account.
The rewards are intended for education and can be deposited automatically into a 529 plan for your child. You can also use your funds to pay off college loans.
However, even if you don’t need the money for education, you can request a check for earnings of $10 or more once per quarter. If you are withdrawing less than $1,000, you can request it through your account online.
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