(EXPIRED) Easy Credit Card Spend: Buy Swagbucks At Cost

39
Sorry, this deal is no longer available. Do you want to be alerted about new deals as they’re published? Click here to subscribe to Frequent Miler's Instant Posts by email.

Swagbucks is once again offering the ability to buy Swagbucks at cost, making this a great way of generating some credit card spend.

a screenshot of a screenshot of a website

The Deal

Key Terms

  • Limit 2-3 purchases of Swagbucks per day.

Quick Thoughts

Swagbucks ran this promotion for about a month recently. It ended a week ago or so but has made another return, so hopefully it’ll stick around for a month once again.

That’s because it’s a great way to generate some credit card spend each day at no cost. You buy 2,000 Swagbucks for $20, with 2,000 Swagbucks being worth $20. You can buy Swagbucks at least twice per day (sometimes three times), although you need to wait an hour between purchases. That means you can generate at least $40 of spend per day with no fees which might not sound a lot, but if it lasts all of December that’s $1,240 of simple couch spend that only takes a couple of minutes to do each day.

In addition to needing to wait an hour between purchases, there are a few others quirks to be aware of when both buying and redeeming Swagbucks. They offer a few Swagbucks (worth a few pennies) whenever you earn x amount of Swagbucks in a day which includes purchases such as these. There are two tiers – one low one that you should always hit with this promotion and a higher one that you’ll sometimes be able to hit when buying a total of 4,000 Swagbucks in a day. Sometimes that target is something like 4,304, so also buying a 500 point package for $5.99 can be worth it if the bonus points you earn are worth in excess of $0.99. n.b. I’ve found I can only buy two sets of 2,000 points per day, but can sometimes add a 500 point package which is why I suggested that package rather than a third 2,000 points package.

a screenshot of a cell phone
My second tier bonus today only required earning 3,940 SB, so buying 4,000 earned that bonus. That earned me 213 bonus SB worth $2.13

They offer further bonuses when you complete streaks of earning Swagbucks for 7, 14, 21, 28 and 30/31 days in a row. I think I earned an additional ~$20 worth of bonus points last month thanks to the streaks and by earning enough points to hit the second tier of earning offers on several different days.

Another quirk is that while the points you buy are immediately credited to your Swagbucks account, the bonus points you earn from Daily Goals and streaks have to be claimed. That can be done from the 5th of the month after you earned them and Doctor of Credit helpfully republishes this post each month as a reminder.

On the redemption side, you can redeem Swagbucks via PayPal, with 2,000 points being worth $20. Every month you can save 12% on one $25 gift card. That means you only have to redeem 2,200 Swagbucks rather than 2,500 which is a good deal on brands like Amazon seeing as it’s rare to get discounts that large on Amazon.

Something very important to be aware of – don’t redeem Swagbucks while using a VPN. They’re very sensitive to that and it’ll lock your account. You can reach out to them via a contact form and get it unlocked, but it often takes a few days which means you’ll miss out on a few days of this promotion and will break your streak.

Swagbucks also has a member recognition program which I only learned about recently – you can read more about it here. This has various levels with different benefits, but it’s worth registering because the program is completely free. If you’ve ever bought gift cards from MyGiftCardsPlus and earned Swagbucks that way, you could be at a higher tier than you’d expect.

Be sure to set up a reminder to buy these Swagbucks every day for as long as it lasts because there’s potentially a decent amount of credit card spend and bonus cashback available.

In case you’re wondering, purchases don’t seem to code as Shop Small on Amex cards earning 10x or 15x. That’s something I tested last month but didn’t earn anything extra unfortunately. However, it will earn the +4 bonus points from referrals if you’ve got that attached to any of your cards seeing as that’s valid on any spend. Purchases show up as coming from Prodege (the company that owns Swagbucks, Upromise, MyGiftCardsPlus and more).

h/t Doctor of Credit

Want to learn more about miles and points? Subscribe to email updates or check out our podcast on your favorite podcast platform.
Subscribe
Notify of
guest

This site uses Akismet to reduce spam. Learn how your comment data is processed.

39 Comments
newest
oldest most voted
Inline Feedbacks
View all comments