You’re wasting money if you don’t use a cashback site like MyPoints when purchasing online. Here’s what you need to know about MyPoints.
According to a Coupons.com study from 2012, participants who received a voucher to shop had greater oxytocin levels and were happier. Simply said, saving money when shopping feels amazing.
MyPoints, a cashback website and mobile app that allows you to earn rewards among other things, makes it simple to enjoy those great sentiments when shopping. If this piques your attention, keep reading to find out what MyPoints has to offer.
What is MyPoints?
MyPoints is a digital rewards system that allows users to earn points by purchasing at over 1,900 different stores. These shops pay MyPoints a commission for referring sales, and a percentage of that commission is returned to members as points. Members of MyPoints can also earn points by participating in a variety of activities such as taking online surveys, viewing movies, and playing games. They can then use their points to get cash, gift cards, or even travel miles by opening a United MileagePlus account. MileagePlus is United Airlines’ rewards program.
MyPoints was founded in 1996 by Steve Markowitz and is now owned by Prodege, LLC, an online and media firm that also owns Swagbucks, InboxDollars, and ShopAtHome. According to its website, the company is located in San Francisco and has more than 20 million active users.
How does MyPoints work?
When you join MyPoints, you can begin earning points in a variety of ways. With over 1,900 retail partners, including well-known retailers such as Target and Best Buy, online shopping may be the simplest and most popular way to earn points. However, you can continue to earn points between shopping excursions by, among other things, doing surveys, watching movies, playing games, and exploring the web.
When you’re ready to use your points, you may exchange them for cash, gift cards, or United MileagePlus travel miles. If you prefer a gift card, you can select from over 70 businesses and restaurants. If you’d rather earn money, you can exchange your points for a PayPal deposit or a Visa prepaid card. Otherwise, you can use them to purchase flights by transferring them to United MileagePlus.
The amount of your MyPoints awards vary based on the redemption option you select, but points are normally worth around.006 cents each. Gift card amounts typically vary from $5 to $100, though certain stores may allow you to redeem for more or less. You may, for example, exchange your points for an Amazon gift card for as little as $1 or a Walmart gift card for as much as $250. (as of June 2, 2020). These quantities vary from store to store, but when you cash them out, you will be able to see exactly how many points you need for each redemption method. You may even discover that MyPoints has reduced the amount of points required to redeem for specific prizes, increasing the value of your points.
Who is MyPoints best for?
MyPoints should be useful to anyone who spends online and wants to earn cash back on their purchases. Furthermore, all you need to sign up is an email address.
Members can earn points by using the MyPoints website or by shopping online through the MyPoints cash back app, making it easy to earn rewards no matter how you want to buy. It’s a simple method to save money when purchasing online, as long as you remember to log into MyPoints first.
If you like the notion of receiving prizes for various online activities, MyPoints may be for you. Whether it’s doing surveys, watching movies, or playing games, if you’re already doing these things, it might be worth it to start earning rewards.
Earning points by shopping through MyPoints is a somewhat passive process. If you’re going to shop anyhow, you might as well earn points on your purchases. The value of your time determines whether it is worthwhile to spend your time attempting to collect points through these other varied activities. To put it another way, you may be able to earn more money elsewhere.
How much can you earn with MyPoints?
The amount of money you can earn with MyPoints is determined by a number of things. If you are a frequent online shopper who purchases from the bulk of the site’s partner stores, you will earn more points than someone who only shops online rarely.
It is also critical to begin each shopping session with MyPoints; otherwise, you will not be credited for your purchases. When you use MyPoints to shop at a retail partner, you send the merchant tracking information indicating that you were referred by MyPoints. MyPoints earns a commission on this recommendation and credits you with a share of the money in the form of points. If you do not use MyPoints, the retail partner will not give you a commission. As a result, you will not receive any points for your purchase.
You can earn even more points by participating in the additional activities that MyPoints rewards. You’ll get more points if you’re willing to commit some of your free time to conducting surveys, viewing videos, or playing games. MyPoints claims that you can earn up to 400 points per survey and 500 points per day by watching videos. According to MyPoints, some polls pay up to $50, however these are likely few and few between.
In brief, the quantity you earn with MyPoints is determined by how frequently you use the site to shop online and how much time you’re prepared to devote to collecting points through other activities.
Maximizing your earnings with MyPoints
MyPoints can be a useful tool if you’re looking for ways to save money and make some extra money. Take advantage of all the many point-earning options provided by MyPoints to optimize your earnings:
- Shop with MyPoints merchants. MyPoints allows you to shop online and earn points for every dollar spent. These points vary by merchant, but it’s normal to earn between one and ten points for every dollar spent.
- Take surveys whenever they are available. The volume of available surveys is determined by the needs of market research firms, so keep checking back for new surveys. Even if you do not qualify for a specific survey, you will receive five points; however, you are limited to receiving no more than 25 points per day for non-qualification.
- Increase your video consumption. MyPoints can reward you with up to 500 points every day for watching videos.
- If you need to search the internet, use MyPoints: Although you will not receive points for every search, using MyPoints to search the web provides you the potential to win up to 170 points at random.
- Please refer a friend to MyPoints. You can earn 25 points for each friend who accepts your invitation to join, 750 points for each friend who spends $20 or more, and a 10% bonus on all eligible points earned by your buddy.
- Opt-in for BonusMail: MyPoints also provides BonusMail, which allows users to earn bonus points for reading their emails or clicking on a link and making a purchase.
Common questions about MyPoints
Is MyPoints legit?
MyPoints is a legitimate firm that allows customers to earn points that can be exchanged for cash. Through the MyPoints platform, you may earn rewards for shopping, doing surveys, playing games, and participating in other online activities. If you are concerned about your privacy, the company asserts that it does not disclose any of your individually identifying information with its advertisers without your express approval, nor does it sell your personally identifiable information.
How can you redeem MyPoints?
You may use MyPoints to redeem points in a variety of ways. You may exchange them for cash via PayPal or a Visa prepaid card, gift cards to over 70 famous businesses and restaurants, or United MileagePlus miles.
How long does it take to earn gift cards with MyPoints?
When you reach 700 to 790 points, you can often pay out your points for gift cards. This is equivalent to a $5 gift card. The actual amount required, however, will differ from one gift card to the next.
How much are MyPoints worth?
The value of your MyPoints awards varies depending on how you redeem them, but points are normally worth around.006 cents apiece. Some redemption methods will provide a higher valuation, while others will provide a lower valuation.
Who owns MyPoints?
Prodege, LLC, an online and media business that also owns the successful platforms Swagbucks and InboxDollars, owns MyPoints. If you’re looking for methods to supplement your income, these platforms can be an excellent place to start.
How to sign up for MyPoints
Opening a MyPoints account is straightforward and takes only a few minutes, and all you need is an email address.
Step 1: Go to MyPoints.com to create a MyPoints account. When you arrive, you will find an opportunity to join. Enter your email address and a password, then click “Join Now.”
That’s all! You may need to activate your account by clicking on a verification code in your inbox, but you are now ready to earn MyPoints. You can also earn rewards on the go by using the MyPoints mobile app for iOS or Android.
Other cashback apps to consider
MyPoints allows you to earn points that can be redeemed for cash or gift cards by doing things like shopping, doing surveys, and viewing movies. If you frequently buy online, commencing your shopping journey with MyPoints is a simple way to earn cash back on your purchases. Just keep in mind that you must begin with MyPoints in order to receive credit for your purchases.
As previously stated, MyPoints is owned by the same firm that owns Swagbucks and InboxDollars. These platforms are similar to MyPoints in that you can earn cash and points for participating in numerous online activities, but some of them differ. All three networks provide opportunities to earn money or points by purchasing online, but the payouts aren’t necessarily the same. When you go shopping, it’s worth checking all three sites to discover one gives the best deals.
These are somewhat passive side hustles that may help you generate money online, and they might be good if you’re seeking to gain better money management skills.