There’s more than one way to get cash back online. Some programs like Ebates only pay you when you buy something from online retailers. But others, such as Swagbucks, give you more opportunities for cash rewards, discounts, or other promotions. Here’s a quick overview:
What is Swagbucks?
Swagbucks is one of the most popular online rewards programs, offering a number of ways for you to earn points (called “swagbucks”), which you can use towards free gift cards and even cash back. To earn swagbucks, you can shop at your favorite retailers, dine at local restaurants, watch videos, search the web, and take surveys.
How does Swagbucks work?
There are a few other sites like swagbucks out there (Ebates for example), and they all seem to work the same way. Basically, if you go through Swagbucks to make a purchase with a retailer, Swagbucks will receive a commission from that retailer. Rather than keep the entire commission, they actually give part of it back to you.
How to Earn Swagbucks Fast
Once you’ve created an account, you can add the SwagButton chrome extension, which will notify you every time you are on a site where you can earn swagbucks. For online shopping, if you don’t want to install the extension, then you can just bookmark the Swagbucks shop page, and make sure to visit that page whenever you plan to shop online to see which stores they work with. If you click onto a store from the Swagbucks shop page, then you will earn swagbucks once you make a purchase.
Another quick way to earn swagbucks is by dining at participating local restaurants. Swagbucks has partnered with thousands of locations, and all you have to do is link your account with a credit or debit card, and eat at participating restaurants in your area. It is super easy to find which restaurants are working with Swagbucks, they have a tool on their website you can use to search by food type and location.
You can also make Swagbucks your default search engine (or just search through Swagbucks.com). This is a great way to make money for something you would be doing anyway, and although you won’t make a ton of money each month on this, if you set it up and forget about it, the money will eventually add up.
You can also earn swagbucks by taking surveys, watching videos, playing games, and more. Once you create an account, take the time to explore all of the ways you can earn cash back, and determine which options are best for you.
What are Swagbucks Rewards?
Once you have enough swagbucks, you can redeem them for gift cards to your favorite retailers. There are actually a ton of options here, and when you go to the Swagbucks Rewards page, you will be able to sort through them all pretty easily. The most popular (and prominent) seem to be Amazon, Target, Walmart and iTunes. As I mentioned earlier, you can also get cashback, in the form of PayPal gift cards. For the most part, the redemption rate for Swagbucks rewards is the same (you get about $1 in rewards for every 100 swagbucks) no matter which option you choose, so going with a PayPal gift card would give you the most flexibility.
There is a section on the rewards page that highlights gift cards currently on sale. On sale rewards typically come at a 20% discount, so if you are open, this is a good way to maximize your rewards. For example, right now Swagbucks is offering a $50 Nike Gift Card for 4,000 SB. Typically, it would take 5,000 SB to purchase a reward at that amount, so you would save 1,000 SB to use on another reward.
Swagbucks has also partnered with a number of charities, so if you feel so inclined, another option would be to use your swagbucks to make donations to nonprofit organizations such as The Humane Society, Wounded Warrior Project, and a few others.
One other section you’ll find on the Swagbucks Rewards page is something called Swagstakes. In this section, you pay a small fee to enter into a sweepstakes with other members, and one person wins the prize. For example, there is currently a giveaway for 5,000 SB that only requires 10 SB to enter. However, there are 1,000 entries into that giveaway, so the chances of actually winning are pretty slim. Bottom line: this isn’t a strategy I would recommend.
Is Swagbucks Legit?
The short answer: yes. We’ve been using it for a few months now, and we’ve read a lot of swagbucks reviews. To date, Swagbucks has actually paid out over $230 million in cash and gift cards. Head to swagbucks.com now, and you’ll receive free swagbucks when you sign up.
One Reply to “What Are Swagbucks Rewards?”
Swagbucks looks interesting. I’m intrigued with a competitor featured at http://www.moneybackplus.com. It’s also free to join. Some people have made full-time incomes of up to $10,000 a month in less than six months from the on-going purchases of those whom they referred. I’d love to hear what you think about it!