Upromise

Upromise started off just for Sallie Mae Student Loan customers to reduce their loan amounts. The way it works is: if you ever shop online on sites such as eBay, Travelocity, OfficeDepot, etc., then you can earn a percentage of your purchases. By searching for a retailer you want to shop at through the Upromise site, and clicking on the link to redirect you to your retailer, you earn a percentage of each purchase into your Upromise account.

In the past, you were only able to deposit those funds against your student loans. However, now you may also receive a check or deposit it into your Sallie Mae Bank account. If you deposit it into the Sallie Mae bank account (currently earning 1.25% interest), you are also eligible to receive 10% of your Upromise earnings at the end of the year as a bonus.

There are many ways to earn money in your Upromise amount. In addition to earning a percentages of your purchases online, you may also earn extra Upromise cash by using a registered credit card at participating restaurants. You could also join e-Rewards and redeem the money you earn by filling out surveys for Upromise cash. Many companies also award a dollar amount for joining or trying their services. For example, ServiceMagic pays $4 for getting a quote for any services you may need around the house.

Therefore, Upromise is a great deal. If you shop online anyway, you should sign up and get your friends and relatives to sign up and add you as the beneficiary.