We joined Upromise in February 2003. Since then, we have earned $288.52 by doing nothing! It’s a free rewards program that doesn’t require much effort beyond the initial signup.
Note: Now through June, Upromise is offering a $10 signup bonus!
What is it?
Upromise is a free service that helps families earn extra money for education. It’s that simple.
You earn rewards from partner companies when you buy certain products or services. Common rewards we earn are from buying gas and groceries, dining out, and shopping online.
Start Earning
Sign up at Upromise.
Add your credit cards. When you shop at participating restaurants, gas stations and stores, you will automatically earn money back on participating products. We use a gas reward credit card and double dip with the cashback and Upromise contributions.
Add grocery and drugstore cards. Whenever you buy groceries you will receive rewards for participating products. I’ve noticed that our grocery store will put little Upromise tags by selected products.
Sign up family and friends. We had grandparents register for accounts and the earnings go to our children. Every time they buy groceries a portion of their purchases are deposited into our account.
Explore more uses. In addition to the methods we have used, you can also earn rewards from shopping online, making travel plans, buying and selling real estate and financing or refinancing your mortgage.
Redeem Rewards
The rewards are intended for education and can be deposited automatically into a 529 plan for your child. We’ve selected the Iowa plan.
However, if you don’t need the money for education, you can request a check! Here’s how to do it:
Send a written letter requesting a withdrawal with your full name and the exact amount that you would like to withdraw. If the amount is over $200 you will need to have the letter notarized or include a signature guarantee. Send the letter to:
Upromise
ATTN: Customer Care
P.O. Box 55555
Boston, MA 02205-5555
See all the free money articles in the series!
Check out others who are saving with Upromise:
- I Forgot To Register My New Debit Card To My Upromise Account! at No Credit Needed
- Signed up for Upromise at Single Guy Money
This article is featured in: Money Hacks Carnival #5 - Haute Couture Edition.
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I signed up with them some time ago, but don’t keep up with earnings, balance, etc. Normally I would say something like this is not worth the effort, but because so little effort is involved it is basically like receiving “free money!”
Frugal DadMarch 20th, 2008 at 8:17 am
This one truly is a set it and forget it. No real work beyond the initial registration, which is nice. I agree with you Frugal Dad, some rewards programs are more work than they are worth!
March 20th, 2008 at 12:40 pm
Thanks for the mention!
SingleGuyMoneyMarch 20th, 2008 at 5:31 pm
This is something I’ll have to look into.
Fiscal MusingsMarch 21st, 2008 at 10:47 am