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  • Ways to Make & Save Money Update: MySurvey Redemption Changes

    Every Monday, I share a way to make and/or save money, as I strive to achieve my New Year’s Resolution of banking a large sum of money by year’s end. You can read the rest of the series here.

    Banner Ad A couple of weeks ago, I wrote about MySurvey.com as a legitimate survey company that pays reliably. But right around the same time that I published that post, they changed their rewards, so I want to share this update.

    The bad news: Your MySurvey points are worth a about 10% less.

    The good news: You have more rewards to choose from.

    I always used to redeem my points for cash, with 1,000 points being worth a $10 check. Now, a $10 check will cost 1,150 points. However, you now have the option of requesting your payment via PayPal, and that’ll be 1,100 points for a $10 deposit.

    And that’s the new benchmark: 1,100 points for $10.

    For 1,100 points, you can pick from a large variety of $10 gift cards and electronic gift certificates, including Amazon, iTunes, Zappos, CVS and assorted restaurants. Incrementally, there are some $15 gift cards/certificates at 1,650 points and $25 gift cards/certificates at 2,750 points.

    However, if you want to maximize your points, your best bet appears to be any check that’s $20 or more. Update: I just discovered there’s a $1.50 processing fee for each check, which makes PayPal or a gift card a better value. For some reason (and for the time being, since this may change at any time), the $20 check is 2,150 points, the $30 check is 3,150 points, the $40 check is 4,150 points, the $50 check is 5,150, the $75 check is 7,650 points, and the $100 check is 10,150 points. Meanwhile, the highest PayPal payment offered is $20 at 2,200 points, and the gift cards/certificates seem to all be based on a 1,100 points = $10 value.

    MySurvey continues to offer tangible prizes, like iPods and even a Niman Ranch half ham. However, as is almost always the case, the value isn’t as good as cash or a gift card/certificate.

    Personally, while I’m disappointed with this change/devaluation of the points, it’s not too significant, given that MySurvey is a legitimate survey company that pays reliably. I will continue to fill out surveys for them, and continue striving toward my goal for this year.

    Ways to Make & Save Money #12: MySurvey

    Updated May 19, 2011

    You can read the rest of the Ways to Make & Save Money series here.

    I’ve been a member of MySurvey.com for a while now and I definitely recommend them as reputable and reliable. They seem to work mostly with major manufacturers and service providers, and I’ve received a couple of full-size products to test. They were the type of products I use anyway, so it was like getting something for free that I would have had to buy otherwise.

    That’s pretty rare, but I do find myself filling out surveys for them a few times a week. Most of the surveys are qualifiers, which ask some basic questions about me to see if I qualify for a survey. I must not be a desirable demographic, because I don’t get many actual product surveys. However, given how often they ask me about diapers, they seem to need more mothers of children who wear disposable diapers and training pants.

    What I like most about MySurvey is how legitimate they appear to be, and how reliable they are about payments. Their privacy policy is easy to find, and includes a promise to never sell members’ personal information.

    You earn points for each survey, and can redeem the points for prizes or cash payments. You need 1,100 points to request a $10 check, or 2,200 points for a $20 check or Paypal deposit. I’ve never had a problem with receiving payment from MySurvey.

    The qualifier surveys give you 5 to 10 points, depending on length. Longer, product-specific surveys give you more points and depend upon the length of the survey. Without referral points, it does take a while to accumulate enough points for a payout, but I do suspect that I’m in a demographic that just doesn’t get a lot of surveys and that others accumulate points a lot faster. On the rare occasion that my points didn’t get credited properly, a quick email via their online contact form has gotten the problem resolved within a couple of days.

    MySurvey emails you to let you know that there’s a new survey available so you don’t have to log in every day. As with all legitimate survey companies, MySurvey won’t make you rich, but it’s an easy and simple way to make a few extra bucks.

    Disclosure: The link to MySurvey is an affiliate link that benefits CFO at no cost to you. Thank you if you join(ed) MySurvey through it! You can read the full CFO disclosure here.

    MySurvey.com’s customer service

    I’ve recommended MySurvey.com in the past as an easy way to make a few bucks. In essence, you take their surveys, they give you points, and you redeem the points for prizes, including cash. (Read my original review.)

    Recently, I was afraid I was going to have to retract my recommendation but fortunately things worked out just fine. In the last month, I’ve taken a couple of surveys that gave me an error message upon completion. Instead of taking me to the “thank you” page, the submit button gave me an error message saying that I should contact customer service if my points weren’t credited. And sure enough, on both occasions, my points failed to appear in my account.

    I used the contact form on the web site to email them and ask them to credit my points. The message after I submitted my request stated that someone would get back to me within a short time frame – I think it was 24 hours. But on both occasions, it was days before I got a response – long enough that I began to think MySurvey wasn’t trustworthy. But after several days, I did eventually get a response. And fortunately, both responses were exactly what I wanted: a message stating my points had been credited.

    So, while I think MySurvey should change the message that appears after the contact form is used, I’m happy to report that my recommendation still stands. They’re not wasting my time by making me complete surveys and then not giving me credit for them. And they still send checks out in a timely fashion (although I do wish they’d offer payment by PayPal).

    Another thing worth noting about MySurvey is that they occasionally send out products to be tested, and both of the products that I’ve received were just a newer, full-size version of things I would have bought anyway, so they actually saved me money.

    If you’d like to sign up for MySurvey, please consider using my affiliate link – I’ll get 150 bonus points if you do. Thank you!

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