Upromise is a cash back site whose mission is to help people save for college (for themselves or someone else). It's not, however, like a 529 Plan. which is designed to help families save money for college through interest bearing accounts. Nor does it have tax benefits like a 529 Plan. In fact, the money saved with Upromise does not have to be used for educational purposes at all and can be withdrawn at any time as long as the minimum cash out balance is met.
Like its competitors, Upromise offers cash back for online shopping. In addition, users can earn cash back when they register their credit card and dine out, book travel through their website, or acquire a Upromise branded credit card. Users also have access to grocery and drugstore e-coupons when they register their loyalty cards with the site.
Where Available. USA.
Number of Merchants: More than 850, plus more than 8,000 restaurants.
Cash-Out Threshold: $10 which can be requested immediately online. For security purposes, amounts of $1000 or greater must be accompanied by a notarized form which can be printed from their website.
Payment Methods: Check.
Mobile App Available: No.
Sign-up Bonus: No.
Click here to start saving for college with Upromise!
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