UPromise is different than the other sites. Unlike the sites that only do online refunds (Ebates, Mr. Rebates, and Cashbaq) or the sites that show you how to save money offline (Refundcents), UPromise mixes the two.
I do not use UPromise for my online shopping. You can almost always find a better rebate using another site. UPromise is great for offline savings. Every month they release coupons that you can download to your account. These coupons will automatically go to your cards (CVS and grocery cards – you will have to register them with the site). If you purchase a product that has a coupon you will get the bonus amount in your account.
You can also register your credit cards so if you go to a UPromise restaurant (there are quite a few) you will get a bonus (usually around 10% of your bill) in your account.
Finally, there are some products and companies that will give you a bonus when you purchase something from them. Many of these are drugstore products so registering your CVS card is a great idea!
All of this money goes into an account that can be taken out for cash, be attached to your own student loan, or saved for a college account for somebody else (your child for example). 529 Accounts are a great way to save for college and this is an easy way to make free money to deposit in the account. It is also a great way to pay off your own loans using free money.
Since you do not have to do anything except register your cards to take part in this program I strongly suggest signing up for UPromise!
I hope you enjoyed this series! Stay tuned for the next series. It will be on one of the seven remaining work and save at home topics.