Update 11/1/09: I’ve never made a purchase through MyPoints, but I can accumulate a couple hundred points a month just by printing and redeeming coupons through their portal.
About a year ago, I read a post at The Frugal Duchess that mentioned a program called MyPoints as a means of earning points that could be redeemed for gift cards. Intrigued, I set out to learn more. Conveniently, Mighty Bargain Hunter wrote up a nice review at about the same time, confirming what I’d already learned and offering some additional tips.
So what’s MyPoints? The great appeal of MyPoints is that points can be earned without spending any money. Every member receives “bonus” emails, and clicking on the link in the email usually earns 5 points. And multiple emails go out every day. When you have enough points, you can redeem them for a variety of gift cards.
It really has been that simple. The lowest value gift cards are 500 points, so you can earn rewards extremely quickly.
On the other hand, the higher value gift cards require fewer points, proportionally. For instance, a $25 CVS gift card costs 3600 points, but a $50 CVS gift card is less than twice that at 7100 points.
In fact, I had been saving up all of my points for a $50 Amazon gift certificate (no longer available). But then I started burning up my ECBs at CVS buying things my family needs, so I redeemed 3600 points for a $25 CVS gift card. I’ll be able to stretch that $25 into hundreds by playing The Drugstore Game, so the loss of points is more than worth it. If not for the CVS gift card, though, I would have continued to save my points like David of My Two Dollars. (Note to self: It took about three weeks for my CVS gift card to arrive, so I can’t wait until my ECBs are gone to order my next gift card!)
In addition to clicking through bonus emails, you can earn points by answering questions on the MyPoints site and taking surveys that they email you. The surveys are typically 10 points if you don’t qualify (and more points if you do). They don’t take very long, particularly if, like me, you select “prefer not to answer” whenever possible, since that seems to disqualify me quite often.
Other ways to earn points for free include downloading and using the MyPoints tool bar, playing their promotional games (usually held around holidays), and completing registrations and “exclusive offers“. You can also earn points by shopping through their portal (though I generally try to go through Ebates since that gives me cash back), playing their online games, using the MyPoints Visa, and referring other users.
Banner via MySavings.com
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