The pathetic upromise update.
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My total Upromise account balance stands at $5.44. However, when you figure that $5 of that was a sign-up bonus, it’s rather pathetic. $0.44 earned to date? I’m actually not surprised at all though by the lack of “savings”. Read my original post about joining Upromise back on October 7th, 2006 which discusses why I joined.
I’ve linked all my credit cards, grocery cards, etc. to Upromise… so why the lack of earnings? The explanation is plain and simple: Upromise’s reward network is rather limited. For example, most of my earnings have come from random groceries purchases that just happened to be eligible for Upromise rewards. Exxon/Mobil stations offer 1 cent reward for every gallon purchased but I never buy my gas at there because they’re generally not the cheapest.
So am I disappointed? Not at all, Upromise does work for people that actively seek out to earn the rewards. Using the cash back with online shopping, the Citi Upromise card, etc. does net you sizable rewards over time. However, if you want to build up funds a lot faster, sign-up a ton of friends and family and then have them all contribute to your beneficiary.
2 Responses to “The pathetic upromise update.”
I find $0.44 cents to be surprising. This money does not just drop out of the sky. I have over $1,500 in my Upromise account. When I started back in 2001 I did notthing. Which is why after 2 years I think I had either $3 or $30 in my account. I can’t even remember. Then I made a point to review the service in depth. I went out to a few restaurants in the network, I started shopping online thru Upromise to all the places I used to go direct to. I got the Upromise credit card and did some other tings like shop at some of the in-store places. This has all greatly helped me build a nice little nest egg. The best part is that I had several family members and a couple of friends not married sign up and link their accounts to mine. They now account for at least 1/3 of my savings. If I didn’t get a commission deal with a real estate friend when we sold/bought a house a few years ago, I would probably have added another $600 into the account. This service is a no brainer if you use it right. I finally sat down and did just that and it helped quite a bit.
By Jappa on May 6, 2007
Anyone using Citibank Upromise Mastercard with expectations of getting rebate dollars to Upromise account. I have had problems with Citibank Upromise Card. My June contribution is still “pending”. My July statement from Mastercard has not been reflected on the Upromise system. I called Mastercard and the representative told me that “Citibank is no longer contributing which is at the bank’s discretion.” I told them i’d prefer to cancel the credit card which they seemed more than pleased to do without a blink of an eye. I think Upromise may be looking for a new credit card partner soon. I’ve switched to a Capital one card. It doesnt do Upromise, but at least I can get cash to contribute toward the education acct.
By JRW on Jul 30, 2008