Upromise is a free rewards program that gives its members a small percentage of each purchase that is made at participating stores to use for college education.
How UPromise works. Upromise links your credit card, debit card, or grocery store card to your UPromise account. Each time you make a purchase at a participating store or website, a percentage of the transaction will be deposited into your UPromise account (you continue to earn your regular credit card rewards as well). You can have your rewards deposited into a 529 plan, use your rewards to pay down student loans, or you can have a check mailed to you to pay for college expenses.
How to sign up for UPromise. All you need to do is sign up for a free UPromise account, register your credit card or grocery store card with UPromise, and shop like you normally do. You will then receive rewards for certain transactions. You can automatically earn rewards money for everyday purchases at grocery and drug stores, gas stations, restaurants, retail stores and online shopping sites.
While you won’t make enough to replace a 529 College Savings Plan for your children with UPromise, it will be a great supplement to your college savings. One of the best things about UPromise is that you can have your family register as well and their rewards can go toward your children’s college savings. Sign up for a free UPromise account and get started today!