Upromise: We Are Earning $100 Per Year Without Even Trying!

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It was pretty simple to sign up for Upromise online. We've now been members for 3 years, and have accumulated $315, so essentially $100 per year. That's pretty good, considering we rarely even think about Upromise. It
 is "free money", without any associated dues or costs.

The savings accumulate automatically when you purchase items in grocery stores, or online, when you use one of your registered store cards or credit cards. However, I think potential Upromise members should be aware that it is very possible that they will save very little. It really depends on one's buying habits. You can save a lot of money, if you buy big ticket items at certain retailers or online. However, if, like me, you don't buy those particular items very often, and will mostly be relying on grocery rebates, you may save very little. Upromise likes to advertise that "thousands of companies participate" and "thousands of grocery store items" are eligible for Upromise rebates. However, in my own case, there are very few items that I actually buy regularly that are eligible for Upromise rebates. So, my savings are dribbling in...a couple pennies here, a couple pennies there. For example, if you frequently buy the store's own brand of groceries, you will not get Upromise savings. Upromise savings accumulate only from certain brand names. If you like to buy the brand that is on sale, then there is a decent chance you will not see Upromise savings.

To buy or not to buy?
Is it worth buying the more expensive brand of Product A or Product B, in order to have 1-3% of the price returned to me in the form of Upromise savings, or purchase another brand that is less expensive to begin with. Most of the time, I opt for the store brand or the less expensive brand.

 
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Hi there, The Upromise account gets linked to your 529 Savings Account and the funds automatically get tranferred to the 529 Account. That is a very good question, and I will now edit my review to mention that. Thanks! Diana
I was wondering that too!
I was wondering how you then access your Upromise account funds? So the money is there, but when and how do you withdraw it? I have a 7 month old and initially felt this could be a great way to save a little for his education but am confused about whether the Upromise 529 account is separate from what you are talking about? Honestly, their website and member agreement info. does not begin to address these basic questions... unless I'm just missing it. Thanks for your time!
Thanks for the comment, Handel. Yes, we have barely made any money from routine grocery purchases. However, we did get money back from some purchases of computers and exercise equipment online. Actually, a large chunk of our savings has come from the "Friends and Family Program". My sister has registered with Upromise and her rebates are earmarked for my children. I should mention that more in my review. Off to edit ..... Thanks! Diana
uPromise doesn't sound very, er, promising for the like of me (considering my buying habits). Thanks for you informative review!
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