If you don't use a cashback site like MyPoints when shopping online, you're leaving money on the table. Here’s what you need to know about MyPoints.
MyPoints, a cashback site and mobile app that allows you to earn rewards, among other things, makes it easy for you to enjoy those positive feelings when you shop. If this sounds interesting, stick around to learn what MyPoints offers.
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Quick Summary
MyPoints rewards you when you shop online.
- Earn points with over 1,900 retail partners
- Redeem points for cash, gift cards, and more
- 20 million members and counting
What is MyPoints?
MyPoints is an online rewards platform that lets users earn points for shopping at over 1,900 retailers. These merchants pay MyPoints a commission for sending them sales, returning a portion of that commission to members in the form of points. MyPoints members can also earn points through several different activities, such as taking online surveys, watching videos, and playing games. They can then redeem points for cash, gift cards, and even travel miles through a United MileagePlus account. MileagePlus is the rewards program for United Airlines.
Founded in 1996 by Steve Markowitz, MyPoints has since been acquired by Prodege, LLC, an internet and media company that also owns Swagbucks, InboxDollars, and ShopAtHome. According to its website, the company is headquartered in San Francisco and currently has more than 20 million active members.
How does MyPoints work?
Upon joining MyPoints, you can start earning points in several ways. With over 1,900 retail partners, including popular stores like Target, Walmart, Kohl's, and Best Buy, online shopping may be the easiest and most popular way to earn points. But you can continue earning points in between shopping trips by taking surveys, watching videos, playing games, and searching the web, among other things.
When you’re ready to redeem your points, you can cash them out for cash, gift cards, or travel miles with United MileagePlus. You can choose between more than 70 retailers and restaurants if you prefer a gift card. If you’d rather earn extra cash, you can redeem your points for a PayPal deposit or Visa prepaid card. Otherwise, you can transfer them to United MileagePlus and use them to book flights.
The value of your MyPoints rewards varies depending on your redemption choice, but points are typically worth around .006 cents each. Gift card amounts tend to range from $5 to $100 for the most part, though some stores may allow you to redeem for more or less. These amounts vary from store to store, but you will be able to see exactly how many points you need for each redemption method when you cash them out. You may even find that MyPoints has reduced the number of points required to make a redemption for certain rewards, increasing your points' value.
How much can you earn with MyPoints?
The amount of money you can earn with MyPoints depends on a few factors. If you’re an avid online shopper who shops at most of the site’s partner stores, you will earn more points than someone who occasionally shops online.
It’s also crucial to start each shopping session through MyPoints; otherwise, you won’t be given credit for your purchases. When you click through MyPoints to shop at a retail partner, you send the merchant tracking info that tells them MyPoints referred you. MyPoints earns a commission on this referral and gives a portion of the money back to you in the form of points. If you don’t click through MyPoints, the retail partner won’t pay out a commission. As a result, you won’t earn any points on your purchase.
You can earn even more points by completing the other activities MyPoints rewards you for. So if you’re willing to devote free time to taking surveys, watching videos, or playing games, you’ll earn more points. According to MyPoints, you can earn up to 400 points by taking surveys and 500 points per day by watching videos. MyPoints also states that some surveys pay up to $50, though these are likely few and far between.
In short, the amount you earn with MyPoints depends on how often you use the site to shop online and how much time you’re willing to spend earning points through the other various activities.
Common questions about MyPoints
Is MyPoints legit?
MyPoints is a legitimate company that allows consumers to earn rewards that can be redeemed for real money. You won't come across any scams. You can earn rewards when you shop, take surveys, play games, and take part in other online activities through the MyPoints platform. If your privacy is a concern, the company states that it does not share any of your personally identifiable information with its advertisers without your express consent, nor does it sell your personally identifiable information.
How can you redeem MyPoints?
With MyPoints, you have several options for redeeming points. You can redeem them for cash through a PayPal account or a Visa gift card, for gift cards to more than 70 popular retailers and restaurants, or for United MileagePlus miles.
How long does it take to earn gift cards with MyPoints?
In many cases, you can cash out your points for gift cards when you reach between 700 and 790 points. This equates to a $5 gift card. The exact amount needed, however, will vary from one gift card to another.
How much are MyPoints worth?
The value of your MyPoints rewards depends on how you choose to redeem them, but points are generally worth around .006 cents each. Some redemption methods will offer a higher valuation, while others will be lower.
Who owns MyPoints?
MyPoints is owned by Prodege, LLC, an internet and media company that also owns the popular platforms Swagbucks and InboxDollars. If you're looking for ways to make extra money, these platforms could be good places to start.
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