Upromise was founded by three friends back in 2000. The company was created with a view to give some unique services to its customers.
What is Upromise?
They allowed customers to save money through Upromise which they can further use to pay off their education loans.
Upromise collaborated with a leading education finance company to help its customer’s re-payment process simple.
It has also collaborated with Mastercard to give its credit services.
Ways to earn funds through Upromise?
Upromise offers few ways by which you can earn funds in the form of rewards.
You can earn rewards on making transactions with Upromise registered department/grocery stores, restaurants, local retail stores as well as online shopping stores.
- Credit Card
Upromise offers you many merchants so that you can shop almost each and every product of your need from them & earn good returns. As mentioned above that they have a list of registered participants which makes your shopping easy.
You can register the given credit card with your Upromise account to get the earned reward on the same credit card.
You can shop groceries, beauty products, clothes, house hold essentials and many more using Upromise. The partner stores are, Walmart, QVC, Kohl’s, eBay, Best Buy, and many more.
Upromise Credit Card
Upromise in collaboration with Mastercard launched a credit card that can be used by the customers to make their purchase easy. The card provides a different reward rate to a customer who has its account linked to college savings plans & different to those who do not have such a plan.
Members who have their accounts linked to college savings plans are given 1.530% cashback on each of their transactions.
Those who do not have their account linked, they get 1.25% of cashback on their purchase.
You can use the earned cashback on number of offers provided by them only or can also request them to let you withdrew that cash back in the form of physical cash.
Making a purchase directly through the Upromise website gives you a cashback of 5%. Although rewards may vary from merchant to merchant. You can also earn 5% of cashback at its partnered dining restaurant.
Upromise has 10,000+ partner restaurants & 20,000+ departmental stores.
|5% of cash back at restaurants with Upromise credit card||Rewards available only at partner merchants|
|Min. cash back of 1.25% to Max. of 12% with some merchants||Min. $50 is required to be earned before redeeming|
|No annual fee||Only available for US customers|
They bring this service so that they can help youth to earn some cashback from their spending which they can use later to pay off their education loan. Because students taking education loans is common in the USA.
Those who do not have to re-pay any loan can ask them for a check to withdraw it in physical cash. Also, it offers cashback ranging from 3%-12%.
It is a free reward-providing portal that charges no annual fee along with that it gives $5.29 as a bonus while you sign up for the first time. The best thing about this portal is that it offers a tax fee-saving account where you can save all your earned cashback.
They also run various offers on special days which gives extra CB sometimes. So, yes you can use it and can earn a good return if used properly.
How to open Upromise Account
You can open a Upromise account by visiting their website. It will take less than 10 min to create a profile on Upromise.
Who can use Upromise?
Upromise is available in the USA only hence it can be used by US customers who are above the age of 15.
When will my Upromise rewards expire?
Your Upromise rewards will never expire, but if you stay inactive for a long period of time then it may affect your rewards.