If you’re a parent, chances are you’ve heard of Upromise, because it’s marketed as a way to earn money for college. Although the money can really be used for any purpose you like, as you’ll see below.
There are several ways to earn from Upromise:
- Online shopping
- Deals and coupons
- Booking travel through Upromise
- Grocery coupons
- Gas at Mobil or Exxon
- Local stores and restaurants
This last category is where we earn a lot of our rewards, since our favorite pizza place is part of the restaurant network.
The part of Upromise that works the best for me is that it’s set and forget.
You register your credit and debit cards with them, and then anytime you shop at a place that is part of the rewards network using one of those cards, your account is automatically credited with the cash back.
There are times that I’m awarded cash back when I didn’t even realize I was shopping through a Upromise partner.
You can cash out your rewards from Upromise in a number of ways:
- Transfer to your 529 plan if it’s eligible to be linked to Upromise (ours isn’t)
- Open a high yield savings account through Upromise and transfer the funds into it
- Transfer the funds as a payment on your student loan (kind of cool if you’re paying off your own student loans)
- Request a check
I always request a check to cash out and then I can use it however I wish.
In the past I’ve used Upromise checks of $146 and $63 as extra debt payments.
Since my found money is currently being used to bulk up our emergency fund, that is where my last check of $71.43 went. (Not bad for mostly cash back on pizza, although maybe we’re eating too much pizza! :))
You can check out Upromise by clicking here. It’s free to join.
This post is part of Fabulously Frugal Thursday.
Note: This post contains my referral links. See my disclosure policy for more information.