As someone who enjoys getting things for less by leveraging frequent flier miles, cashing in credit card rewards points or the occasional churning of a credit card, the idea of earning gift cards or cash just by using an online search engine intrigued me. Enter Swagbucks.
How Swagbucks Works
Swagbucks is an online rewards program where you can earn virtual currency known as “Swag Bucks”. The more Swag Bucks you earn, the faster you can capitalize on obtaining prizes.
Setting up a Swag Bucks member account is a simple process. The website is fairly easy to navigate although it can appear overwhelming at first due to the amount of promotional offers available to earn Swag Bucks.
You can earn Swag Bucks (SB) in several different ways that include buying items, redeeming coupons, screening promotional videos, friend referrals, playing games along with answering surveys and polls. By far the easiest way to earn the online currency is using their search engine, Swagger, every time you log into your account.
Swagbucks earns money from Google sponsored advertisements and in turn passes on some of their earnings to members in the form of Swag Bucks. Swag Bucks are immediately credited to your account upon completion of each task with the exception of those earned from shopping online via the Swagbucks website. It can take between 32-92 days from the date of purchase for shopping Swag Bucks to be credited to your account.
How to Redeem Swag Bucks
Once you have accumulated between 450 – 500 SB, you can cash them in for a $5 gift card from several major retailers such as Amazon, Starbucks, iTunes and Target. You can also choose to donate your Swag Bucks to help support a Swagbucks charitable organization partner like the American Red Cross or Doctors Without Borders.
Swag Bucks Gift Card Redemption Scale
- 450-500 SB = $5 gift card.
- 1000 SB = $10 gift card.
- 2000 SB = $20 gift card.
- 2500 SB = $25 gift card.
- 5000 SB = $50 gift card.
- 10000 SB = $100 gift card.
- 25,000 SB = $250 gift card.
Once you redeem your Swag Bucks for a gift card, it can take up to 10 days to fulfill your request and receive receive your gift card code via e-mail.
Another option is to enter a Swagbucks Swagstakes. By redeeming Swag Bucks for Swagstakes entries, you have the opportunity to earn bigger prizes. Each Swagstakes are either divided into Limited Entry contests, which open to a select number of entrants, or Limited Time contests that offer discounts for multiple entries.
Swagbucks Cash Redemption
If you prefer to redeem your Swag Bucks for cash then you would elect for a PayPal gift card. In doing so, you can transfer the amount on the gift card from your PayPal account to your personal bank account. Note that you will need to earn 2500 Swag Bucks in order to redeem the lowest available PayPal gift card which is $25.
Additional Points to Consider
If you are concerned as to whether Swagbucks is a legitimate enterprise, then look no further than the Better Business Bureau. Swagbucks has an A+ rating with the BBB and have been in existence since 2005.
Keep your purchase receipts in order to resolve any discrepancies if Swag Bucks earned from shopping are not credited to your account. Remember that it can take 32-92 days from the purchase date before Swag Bucks are posted.
Swagbucks is 100% free to join and it doesn’t take much effort in order to start earning Swag Bucks. If you refer a friend and they join Swagbucks then you’ll earn 10% of the Swag Bucks they earn, for as long as they remain active. This is a pretty sweet referral deal.
What may be harder to determine is how much time is being spent to complete each task and whether the effort is really worth your time. It will also take you longer to accumulate enough Swag Bucks in order to redeem a PayPal gift card for cash versus a retailer gift card.
Spending a few minutes on Swagbucks to earn free gift cards or cash, especially when doing things that you were already planning to do like searching online and shopping can eventually result in more money in your wallet.