Moneytology

MyPoints vs Swagbucks | Compare Earning Potential & More

mypoints vs swagbucks

Welcome! In today’s article, I will be comparing two popular reward sites, MyPoints and Swagbucks. If you are looking to earn some extra cash through online activities, these platforms offer great opportunities. MyPoints, established in 1996, and Swagbucks, founded in 2008, have gained a loyal following over the years. Let’s delve into the details of each and see which one may be best suited for you.

Key Takeaways:

  • MyPoints and Swagbucks are well-known reward sites that allow users to earn extra cash through various online activities.
  • MyPoints has been in operation since 1996, while Swagbucks was founded in 2008.
  • MyPoints offers rewards in the form of gift cards, cash, and other perks, while Swagbucks provides rewards through gift cards and cash.
  • Both platforms have their own unique features and earning potential.
  • Consider your preferences and priorities to determine which platform is the right fit for you.

MyPoints Overview

Welcome to the world of MyPoints, one of the most popular reward sites that has been making waves since 1996. As an avid user of this platform, I’m excited to give you an overview of what MyPoints is all about and how you can start earning points today!

At its core, MyPoints offers a simple and enjoyable way for users like you to earn points by engaging in a wide range of online activities. Whether you love sharing your opinions through online surveys, exploring new products, cash back shopping, or even playing games, there are plenty of opportunities to earn points tailor-made for your interests.

But what makes MyPoints truly stand out is its incredible flexibility. Whether you prefer to earn points on your laptop or on-the-go using their mobile app, MyPoints has got you covered. This means that you can effortlessly earn points while commuting, watching TV, or simply enjoying your downtime.

Now, let’s talk rewards! MyPoints offers a variety of options for redeeming your hard-earned points. You can choose from an extensive selection of gift cards to your favorite retailers or opt for cash rewards. If you love to travel, you’ll even find exciting options for redeeming your points for travel perks. The possibilities are endless!

A Quick Summary of MyPoints:

  • Founded in 1996, MyPoints is one of the oldest reward sites in the industry.
  • Offers a diverse range of online activities to earn points, including surveys, cash back shopping, product testing, games, and more.
  • Available for free on their website and through their user-friendly mobile app.
  • Redeem points for gift cards, cash rewards, and travel perks.

“MyPoints makes it easy to turn your online activities into worthwhile rewards. With a plethora of earning opportunities and a user-friendly interface, you’ll be amazed at how quickly your points can add up!”

Now that you have a solid understanding of what MyPoints has to offer, it’s time to dive deeper into its features and explore the world of rewards that awaits you. Trust me, you don’t want to miss out on this incredible opportunity! Stay tuned for the next section where we’ll uncover the MyPoints features designed to maximize your earning potential.

MyPoints Features

MyPoints offers a range of features that make earning points an enjoyable and rewarding experience. With these features, users can easily accumulate points and unlock various rewards. Let’s explore some of the key features offered by MyPoints:

1. Online Shopping

MyPoints allows users to earn points while shopping at popular retailers such as Best Buy, Walmart, Macy’s, and many more. By accessing these stores through the MyPoints platform, users can earn points on qualifying purchases, helping them rack up their rewards faster.

2. Surveys

Completing surveys on MyPoints is another way to earn points. Users can participate in surveys on various consumer topics and provide valuable insights to brands and businesses. By sharing their opinions, users can contribute to market research while earning points for their time and effort.

3. Product Testing

MyPoints offers users the opportunity to test new products and give feedback. By participating in product testing, users not only get to try out the latest products but also earn points in return for their feedback. It’s a win-win situation!

4. MyPoints Search

The MyPoints search engine allows users to earn points simply by searching the web. By using the MyPoints search engine for their online searches, users can accumulate points effortlessly, making every search a rewarding experience.

5. Games

Users can have fun and earn points by playing games on the MyPoints platform. With a selection of engaging and entertaining games, users can enjoy their favorite pastime while earning points towards their rewards.

6. Grocery Store Cash Back

MyPoints offers cash back on purchases made at grocery stores. By linking their grocery store loyalty cards to their MyPoints account, users can earn cash back on qualifying grocery purchases. It’s a simple way to earn points while stocking up on essentials.

7. Bonuses and Promotions

MyPoints provides special bonuses and promotions on a regular basis. These bonuses can include extra points for completing specific activities, limited-time offers for increased earning potential, and exclusive promotions that help users maximize their rewards.

With these exciting features, MyPoints offers a diverse range of earning opportunities for users. Whether shopping, taking surveys, playing games, or even just searching the web, every activity can contribute to a user’s points balance and bring them closer to their desired rewards.

Keep exploring the world of MyPoints to discover even more ways to earn points and unlock amazing rewards!

Earning Potential on MyPoints

When it comes to earning potential, MyPoints offers a variety of activities that can help you accumulate points and increase your rewards. The value of one point on MyPoints typically ranges from $0.06 to $0.08, depending on the tasks you complete. With numerous gift card redemption options available, including popular retailers like Cabela’s, AMC, and Lowe’s, you have plenty of choices to enjoy your rewards.

To cash out your earnings on MyPoints, you need to reach a minimum of 480 points. Once you’ve reached this threshold, you can choose between electronic payment options, such as PayPal or eGift cards. The process is quick and efficient, allowing you to enjoy the fruits of your efforts in no time.

mypoints earning potential

MyPoints offers an enticing earning potential through its various activities and rewards. Whether you enjoy taking surveys, shopping online, or testing new products, each task brings you closer to your desired rewards. Plus, with a low minimum point requirement and convenient payment options, cashing out your earnings is hassle-free and rewarding. Start earning today and unlock the full potential of MyPoints!

Cashing Out on MyPoints

Once you’ve earned a minimum of 480 points on MyPoints, you’re ready to cash out and enjoy your rewards! MyPoints offers a variety of redemption options to suit your preferences. Whether you want PayPal cash, prepaid credit cards, airline and travel gift cards, or gift cards to popular retail stores like Apple, Target, Google Play, and Amazon, MyPoints has you covered.

The cash out process is straightforward and hassle-free. For your first payment, it typically takes just 5 to 7 business days to receive your rewards. Subsequent payments process even quicker, usually within 1 to 3 business days. Rest assured that your hard-earned cash is on its way to you!

mypoints cashing out

Redemption Options Processing Time
PayPal cash 5 to 7 business days (First payment)
Prepaid credit cards 5 to 7 business days (First payment)
Airline and travel gift cards 5 to 7 business days (First payment)
Retail gift cards 5 to 7 business days (First payment)
All subsequent payments 1 to 3 business days

Pros of MyPoints

When it comes to using MyPoints, there are several pros that make it a popular choice among users. Here are some of the key advantages of using MyPoints:

  1. Flexibility: One of the biggest advantages of MyPoints is its flexibility. Users can earn points while watching TV or scrolling through their phone, making it a convenient way to earn rewards without disrupting their daily routine.
  2. Variety of activities: MyPoints offers a diverse range of activities to earn points. Users can engage in games, surveys, polls, and cash back shopping, giving them multiple options to accumulate points based on their preferences and interests.
  3. Low minimum point requirement: Cashing out on MyPoints is hassle-free, thanks to its low minimum point requirement. Users only need to accumulate 480 points before they can redeem their rewards, making it easier to reach the payout threshold compared to other platforms.
  4. Bonuses and promotions: MyPoints frequently offers bonuses and promotions to its users, giving them the opportunity to earn extra points. These special offers enhance the earning potential and provide additional incentives for users to stay engaged with the platform.
  5. User-friendly app and website: MyPoints prides itself on providing a user-friendly experience. Its mobile app and website are intuitive, making it easy for users to navigate through the platform, earn points, track their progress, and redeem rewards.

Overall, MyPoints offers flexibility, a variety of earning activities, an easy cashing-out process, frequent bonuses, and a user-friendly interface. These pros make MyPoints a popular choice for individuals looking to earn rewards in their spare time.

“With MyPoints, I enjoy the flexibility of earning rewards while enjoying my favorite TV shows. The variety of activities available keeps me engaged, and cashing out is a breeze with the low minimum point requirement. The bonuses and promotions are an added bonus that makes MyPoints even more rewarding!” – A satisfied MyPoints user

mypoints pros

Cons of MyPoints

While MyPoints offers users various opportunities to earn rewards, there are some drawbacks to consider. Here are some cons of using MyPoints:

Limited Availability for Non-U.S. and Canada Users

One disadvantage of MyPoints is that it is primarily available for users in the U.S. and Canada. Users from other countries may not have access to the platform, limiting their ability to participate in earning activities and receive rewards.

Lack of Earning Transparency

Another downside of MyPoints is the lack of earning transparency. Instead of providing clear dollar values for rewards, MyPoints uses a points-based system. This can make it challenging for users to understand the exact value of their earnings and how much they are truly earning for each activity.

Potential for Higher Cash Back Rebates on Other Platforms

While MyPoints offers cash back opportunities, it is important to consider that other platforms like Rakuten and Swagbucks may offer higher cash back rebates for online shopping. It is worth comparing the cash back rates across different platforms to ensure you are maximizing your earnings.

Surveys as an After-Thought

Although MyPoints offers surveys as a way to earn points, some users find that surveys are not a primary focus of the site. The number and availability of surveys may be limited compared to dedicated survey platforms, which may limit earning potential for those who prefer to primarily participate in surveys.

Overall, while MyPoints offers opportunities for earning rewards, it is important to consider these cons in order to make an informed decision about whether it is the right platform for you.

Swagbucks Overview

When it comes to earning rewards online, one platform that stands out is Swagbucks. Founded in 2008, Swagbucks has become a trusted name in the rewards industry, owned by Prodege LLC. With a wide range of earning opportunities and a generous rewards system, Swagbucks has rewarded its members with over $860 million in gift cards and free cash rewards to date.

swagbucks overview

Earn Points with Swagbucks

Swagbucks offers users the chance to earn points, known as SB, by participating in various online activities. Whether you enjoy taking surveys, shopping online, or playing trivia games, Swagbucks has something for everyone. By completing these activities, you can accumulate SB and redeem them for exciting rewards, including gift cards and cash.

A Variety of Reward Options

With Swagbucks, you have a wide range of reward options to choose from. Whether you prefer gift cards to popular retailers like Amazon, Walmart, or Starbucks, or if you prefer cash deposited directly into your PayPal account, Swagbucks has you covered. The versatility of reward options ensures that there’s something for everyone to enjoy.

Maximize Your Earning Potential

Swagbucks provides a multitude of earning opportunities to help you maximize your earning potential. From completing surveys on various topics to earning cash back while shopping at your favorite online retailers, there are countless ways to earn SB. Swagbucks also offers daily tasks, such as polls and to-do lists, as well as live trivia matches, deal discovery, and a search engine that rewards you for your online searches.

Pros of Using Swagbucks

There are many advantages to using Swagbucks for earning rewards:

  • Wide variety of earning opportunities
  • Flexible earning options from your phone or laptop
  • Savings with coupons and promo codes
  • Generous payouts for side hustles, fintech offers, and games
  • Active online community and daily bonuses

Cons of Using Swagbucks

While Swagbucks offers numerous benefits, it’s important to be aware of a few potential drawbacks:

  • Need to navigate multiple apps for different earning opportunities
  • Occasional issues with coupon codes not working
  • Less intuitive grocery receipt earning feature
  • Lack of Visa gift card reward option
  • Qualifying for surveys can be challenging
  • Some users report video quality issues and occasional app crashes

Overall, Swagbucks is a reputable platform that offers a wide range of opportunities to earn rewards. By engaging in various online activities, you can accumulate SB and redeem them for your preferred rewards. Whether you’re looking for gift cards or cash, Swagbucks has something for everyone.

Swagbucks Features

Swagbucks offers a range of exciting features that make earning points a breeze. Whether you’re looking to take surveys, shop online, or simply browse the web, Swagbucks has something for everyone. Here are some of the key features that make Swagbucks stand out:

1. Paid Online Surveys

Get paid for sharing your opinions! Swagbucks partners with market research companies to bring you paid online surveys on a variety of topics. Simply answer questions and earn points that you can redeem for rewards.

2. Cash Back Shopping

Shop your favorite brands and earn cash back with Swagbucks. With over 10,000 retailers to choose from, including popular stores like Walmart, Target, and Amazon, you can earn points for every dollar you spend.

3. Daily Tasks and Polls

Complete daily tasks and polls to earn easy points. From quick polls on current events to simple tasks like creating a shopping list or watching a video, these activities are a fun way to boost your earnings.

4. Live Trivia Matches

Test your knowledge and win big with live trivia matches. Join in the excitement as you compete against other players and earn points for answering questions correctly. It’s a fun and interactive way to earn rewards.

5. Deal Discovery

Discover the best deals and earn points while you save. Swagbucks provides exclusive discounts, promo codes, and coupons that can help you stretch your budget even further.

6. Search Engine Rewards

Get rewarded for your online searches with Swagbucks’ search engine. Simply use the search bar and earn points as you browse the web. It’s a simple and effortless way to earn rewards while doing what you already do online.

7. Cash Back for Grocery Store Purchases

Earn points for your grocery store purchases with Swagbucks’ cash back feature. Simply link your store loyalty cards to your Swagbucks account and automatically earn points when you shop at participating grocery stores.

Earning Potential on Swagbucks

Swagbucks offers users various ways to earn points, known as SB, which can be redeemed for cash or gift cards. The earning potential on Swagbucks depends on the activities completed and the number of SB earned. Users accumulate SB for each completed task, and it takes 100 SB to reach $1 USD in earnings. The value of SB remains fixed, making it easy to track and calculate potential earnings.

Users can choose to redeem their SB for cash through PayPal once they accumulate a minimum of 2,500 SB. This provides a convenient and flexible option for users who prefer cash rewards. Alternatively, Swagbucks also offers a variety of gift card options from popular retailers, allowing users to get value from their earnings in the form of shopping opportunities or thoughtful gifts.

Whether you aim to earn cash or gift cards, Swagbucks provides a rewarding platform that offers flexibility and choice. With its wide range of earning opportunities and the ability to cash out at the desired amount, Swagbucks presents an attractive earning potential for users seeking to make the most out of their online activities.

Cashing Out on Swagbucks

Once you’ve accumulated a minimum of 2,500 SB on Swagbucks, it’s time to cash out and reap the rewards of your efforts. Swagbucks provides various options for redeeming your earnings, giving you the flexibility to choose what suits you best.

One of the most popular ways to cash out on Swagbucks is by receiving cash directly into your PayPal account. This allows you to use your earnings for online purchases, bills, or even transfer the funds to your bank account for easy access.

If you prefer to treat yourself to some retail therapy, you can opt for gift cards from popular retailers like Walmart, Amazon, Target, and more. Swagbucks offers a wide selection of gift cards, ensuring that there’s something for everyone’s tastes and preferences.

Additionally, Swagbucks gives you the opportunity to make a positive impact through charitable donations. If you’re feeling generous, you can choose to donate your points to various charitable organizations and contribute to a cause that resonates with you.

With Swagbucks, cashing out is straightforward and effortless, allowing you to enjoy the fruits of your online activities. Whether you’re looking to boost your savings, treat yourself, or support a worthy cause, Swagbucks offers diverse and rewarding cash-out options to accommodate your needs.

Cashing Out Options Minimum Threshold Processing Time
Cash via PayPal 2,500 SB Usually within 10 business days
Gift Cards Varies by retailer Instant delivery via email
Charitable Donations Varies by organization Depends on the chosen charity

Pros of Swagbucks

Swagbucks offers a multitude of earning opportunities that make it a popular choice among users. Here are some of the pros of using Swagbucks:

  1. Variety of Earning Opportunities: Swagbucks provides a diverse range of earning opportunities, including surveys, cash back shopping, trivia games, and more. This allows users to choose the activities that best suit their interests and preferences.
  2. Flexibility: One of the key advantages of Swagbucks is its flexibility. Users have the freedom to earn points at their convenience, whether it’s from their phone or laptop. This means you can earn rewards while on the go or in the comfort of your own home.
  3. Savings with Coupons and Promo Codes: Swagbucks allows users to save money through its coupon and promo code offerings. By utilizing the available discounts, you can stretch your earnings even further and maximize your savings.
  4. Generous Payouts: Swagbucks offers lucrative payouts for various activities such as side hustles, fintech offers, and game offers. This means you have the potential to earn higher rewards compared to other platforms.
  5. Strong Online Community: Swagbucks has built a vibrant and supportive online community where users can connect, share tips, and learn from one another. This creates a sense of camaraderie and provides a valuable support system for users.
  6. Daily Bonuses: Swagbucks rewards active users with daily bonuses, which can significantly boost your earnings over time. By consistently engaging with the platform, you have the chance to earn extra points and reap greater rewards.

If you value variety, flexibility, and the potential for generous earnings, Swagbucks may be an excellent choice for you.

Cons of Swagbucks

While Swagbucks offers many benefits, it’s important to consider some of the drawbacks as well. Here are a few cons to keep in mind:

  • The need to navigate among multiple apps for different earning opportunities: Swagbucks offers various ways to earn points, but each activity may require switching between different apps or websites, which can be cumbersome.
  • Occasional issues with coupon codes not working: Some users have reported difficulties with coupon codes not being recognized or accepted, resulting in frustration and potential savings lost.
  • The clunkiness of the grocery receipt earning feature: Swagbucks allows users to earn points by scanning and uploading grocery receipts, but the process can be unintuitive and time-consuming.
  • Lack of Visa gift card reward option: Swagbucks offers a wide variety of gift card options, but some users have expressed disappointment with the absence of Visa gift cards, which could provide greater flexibility.
  • Qualifying for surveys can be challenging: Swagbucks offers paid surveys, but users may encounter difficulties in qualifying for certain surveys due to demographic restrictions or pre-screening criteria.
  • Mobile app video quality and frequent crashes: Some users have experienced issues with the mobile app’s video quality, making it difficult to complete certain tasks. The app has also been reported to crash frequently, causing frustrations and interruptions.

It’s important to note that these cons may not be significant barriers to everyone, and the overall experience with Swagbucks may still be positive. However, being aware of these drawbacks can help users make informed decisions about their earning potential and overall satisfaction with the platform.

Comparing MyPoints vs Swagbucks

When comparing MyPoints and Swagbucks, it’s important to consider various factors such as the earning potential, available features, pros, and cons of each platform. Both sites offer users the opportunity to earn extra cash through various online activities, but they have their own unique strengths and weaknesses.

Earning Potential

MyPoints has been around longer and offers a wider range of gift card redemption options. Users can earn points by completing online surveys, shopping through their portal, testing new products, and playing games. The value of one point ranges from $0.06 to $0.08, and users can cash out once they reach a minimum of 480 points.

On the other hand, Swagbucks offers a larger selection of earning opportunities. Users can earn points, known as SB, by taking surveys, shopping online, playing games, watching videos, and more. It takes 100 SB to reach $1 USD in earnings, and users can cash out once they accumulate a minimum of 2,500 SB.

Available Features

MyPoints offers features such as online shopping at popular retailers, surveys, testing new products, playing games, and more. They also provide special bonuses and promotions to boost earnings. MyPoints has a user-friendly website and a mobile app for convenient access.

Swagbucks offers features like paid online surveys, cash back shopping at thousands of retailers, daily tasks, live trivia matches, and deal discovery. They also have a search engine that rewards users for their searches. Swagbucks has a mobile app that allows users to earn points on the go.

Both platforms have a referral program that rewards users for referring friends.

Pros and Cons

MyPoints Swagbucks
Flexible earning opportunities Wide range of earning opportunities
Wider selection of gift card redemption options User-friendly interface
Low minimum point requirement for cashing out Generous payouts for certain offers
Special bonuses and promotions Strong online community
Limited availability outside of the U.S. and Canada Qualifying for surveys can be challenging

Conclusion

In conclusion, both MyPoints and Swagbucks are popular reward sites that offer users the opportunity to earn extra cash through various online activities. The choice between the two ultimately depends on individual preferences and priorities. MyPoints may be more suitable for those who prefer a wider range of gift card options and a longer track record, while Swagbucks may be preferred for its larger selection of earning opportunities and user-friendly interface. It is also worth considering that both sites have their pros and cons, and it may be beneficial to use both platforms to maximize earning potential.

FAQ

What is MyPoints?

MyPoints is a popular reward site that has been in operation since 1996. It offers users the opportunity to earn points by completing various online activities and redeem them for gift cards, cash, or travel perks.

How can I earn points on MyPoints?

You can earn points on MyPoints by completing online surveys, cash back shopping, testing new products, playing games, searching the web, and more.

How do I cash out my earnings on MyPoints?

You can cash out your earnings on MyPoints once you have accumulated a minimum of 480 points. You can choose from options such as PayPal cash, prepaid credit cards, travel gift cards, and gift cards to popular retailers.

What are the pros of using MyPoints?

Some of the pros of using MyPoints include its flexibility, variety of earning activities, low minimum point requirement for cashing out, frequent bonuses and promotions, and user-friendly app and website.

Are there any cons to using MyPoints?

Some of the cons of using MyPoints include limited availability for users outside of the U.S. and Canada, earning transparency, potentially higher cash back rebates on other platforms, and surveys being less of a main feature.

What is Swagbucks?

Swagbucks is a popular rewards site founded in 2008 that allows users to earn points, known as SB, by participating in various online activities. These points can be redeemed for gift cards and cash.

How can I earn points on Swagbucks?

You can earn points on Swagbucks by completing paid online surveys, cash back shopping, daily tasks, live trivia matches, using their search engine, and more.

How do I cash out my earnings on Swagbucks?

You can cash out your earnings on Swagbucks once you have accumulated a minimum of 2,500 SB. You can choose to receive cash through PayPal or select from a variety of gift card options.

What are the pros of using Swagbucks?

Some of the pros of using Swagbucks include its variety of earning opportunities, flexibility to earn from your phone or laptop, money-saving coupons and promo codes, generous payouts, and a strong online community.

Are there any cons to using Swagbucks?

Some of the cons of using Swagbucks include the need to navigate among multiple apps, occasional issues with coupon codes, clunkiness of the grocery receipt earning feature, and the lack of a Visa gift card option.

Which is better, MyPoints or Swagbucks?

The choice between MyPoints and Swagbucks depends on individual preferences and priorities. MyPoints may be better for a wider range of gift card options and a longer track record, while Swagbucks offers more earning opportunities and a user-friendly interface.

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Kostadin

Financial expert with Wall Street and real world experience covering personal finance, investments, financial independence, entrepreneurship.

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