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SmarterBucks® Review – A Rewards Program Geared Toward Student Loans

smarterbank reviewHere is my SmarterBucks review.  I hope you enjoy!

If you have been living under a rock, then you might now know that student loan debt has skyrocketed in the last decade or more.  As of the latest numbers, outstanding student loan debt just in the United States is over $1 trillion.  That is right, I said $1 TRILLION!  Higher education has become harder to reach for those in the middle and lower class because of the increased tuition in almost every university.  With higher unemployment, people are going back to school to get a different education, but they have to borrow in order to do it.  This is a problem and there doesn’t seem to be an end in sight.  Since student loans seem to be inevitable, what do you do in order to kick student loan debt in the pants?


With so many people struggling with student loan debt, a solution was needed.  Well, thanks to SmarterBucks, there is finally a solution that will help people make extra student loan payments.  Anyone knows that if you make extra loan payments, then you will pay off your loan quicker and you will pay less in interest.  That is a win/win situation.  Let me break down my review of SmarterBucks, so you can see if it is right for you.

SmarterBucks is a rewards program that provides you with ways to earn rewards that can then be applied to your student loan debt.  This program is dedicated to helping your pay off your student loan debt.  You can sign up for free if you have student loans, or you can sign up for a friend or family member.  Your rewards can then be given to another member of SmarterBucks.  With the help of friends and family, you can get out of student loan debt faster.

Ways to Earn with SmarterBucks

  • Marketplace – The SmarterBucks marketplace is a list of online retailers that will provide you with rewards back after a purchase.  You can earn up to 10% back that will then be applied to your student loans.  When you go shopping online, all you have to do is sign into your account and then click through to the retailers website.  Once you make a purchase, you will receive SmarterBucks back into your account.
  • SmarterBucks Exclusives – These are random ways to maximize your earnings.  You will be notified of special offers that can provide you with more than the usual rewards back.  It is an easy way to earn more rewards.
  • Gifted Rewards and Contributions – One unique thing about SmarterBucks is that you don’t have to have student loan debt in order to sign up.  You can sign up to help a friend or family member earn rewards.  You can also invite your friends and family to create accounts and earn rewards.  Rewards can be applied to another member’s loans and that will increase the amount of rewards earned.
  • Giveaways – Each member is automatically entered in a monthly giveaway that provides money for your student loan repayment.  The amounts will be different, but it is a simple way to earn more rewards if you win.

Smarterbucks review giveaway

Introducing SmarterBank

smarterbank review debit cardSmarterBucks decided that they wanted to provide you with more ways to earn rewards.  They teamed up with Bancorp to provide a new checking account product for their members.

You can sign up for this checking account and it will give you unlimited 0.5% back in SmarterBucks and 1.0% back on all purchases over $100.  You only can earn SmarterBucks on Non-Pin purchases.  What this means is that when you use your card, you just choose credit instead of debit.  You earn these rewards on top of any rewards that you earn through your SmarterBucks account.

SmarterBank offers a Visa debit card with many of the great features of a regular checking account.  Here are the features of the SmarterBank checking account.

smarterbank review checking account features

SmarterBucks Review Conclusion

After hearing so much about how bad student loan debt has become, I am really happy to create this SmarterBucks review.  I think both SmarterBucks and SmarterBank are great ways to earn rewards to pay off your loans.  If you combine them together, you can accelerate your loan repayment and become debt free sooner.  By harnessing the power of your regular daily purchases to not create more debt, but tear down your debt balloon.  If you are in student loan debt, then I would recommend that you sign up for SmarterBucks and apply for the SmarterBank checking account.

Would you use a rewards program and checking account like that offered by SmarterBucks and SmarterBank?

Disclaimer: I am an affiliate of SmarterBank.  If you were to choose to open an account, I would get a small commission.  This relationship has no bearing on my opinion of the service, as I only affiliate myself with services I use or would recommend to others.  The commission helps me cover the cost of hosting Debt Roundup.

Looking For A Great Rewards Credit Card?

The Barclaycard Arrival World Mastercard is one of the best travel rewards cards currently available. Check out my review and start earning awesome rewards!  It is my current go to travel rewards card!
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About Grayson Bell

I am an average Joe, who built up over $50,000 worth of credit card debt and had to learn how to break it back down. It took 4 years of learning budgets, secrets, and many other personal finance tricks in order to cut the debt to $0. Now, I push to teach others not only how to get out of debt, but how to use credit wisely and how to start growing their wealth. You can view my other site, Sprout Wealth for ways to grow your money. I am also a freelance personal finance writer who provides staff writing and ghost writing services.


  1. Smarterbucks is a pretty cool company! What a great way to save just through your regular spending.
    Greg@ClubThrifty recently posted..Save Money, Save the PlanetMy Profile

  2. Okay this sounds like a really legit idea, especially since I have a decent amount of student loan debt. I will definitely be checking this out!
    DC @ Young Adult Money recently posted..5 Frugal Summer ActivitiesMy Profile

  3. It definitely sounds like a cool idea, especially if you have student loan debt. Every little bit extra thrown at it can only help you in the long run in order to get it knocked out faster.
    John S @ Frugal Rules recently posted..Online Brokerages I Use: OptionsHouse ReviewMy Profile

    • It is money that is just sitting there waiting to be used. Why not earn for your regular spending. It is like a credit card rewards program, but it just works for your student loans.

  4. Cool review. I’m excited about this…it’s not often I find companies that I’ve never heard of that sound really cool. Thanks for the review.
    AverageJoe recently posted..3 Easy Steps to Increasing Investment ReturnsMy Profile

  5. Wouldn’t it be better to get a more generous rewards program and use that money toward your loans? .5% isn’t much.

    • Where are you going to get a more generous rewards program? The .5% is just for the debit card and below $100, which can be used in tandem with the SmarterBucks online shopping rewards which can be up to 10%. If you are thinking about credit card rewards, this is just a bad idea. You don’t want to tell people to pay off debt with putting on more debt. Also, many of the top rewards programs out there for credit cards are not true cash back, they are statement credits, so you wouldn’t be able to put those savings toward your student loans.

      The purpose of this program is to reward you for your everyday spending and help out a little more than what you would do regularly. Small rewards are much better than no rewards.

  6. Always a skeptic, I’d have to explore more first but this sounds great. As I’ve recently confessed, I made my college decision based on scholarships and graduated without any debt. But if I can sign up and help out friends in debt that is a really amazing feature. I’ll have to explore it!
    BrokeMillennial recently posted..Confession: I Avoided the Millennial CurseMy Profile

    • You should always be skeptical until you can research it for yourself. The help pay friends and family debt is a pretty awesome feature and one that will go a long way.

  7. Interesting. So essentially it’s like a rewards program but instead of using the rewards to buy gas, plane tickets, groceries, make-up, cologne.. bla bla like other reward programs it goes towards your student loans.
    Canadianbudgetbinder recently posted..Is Budget Failure Your Own Fault?My Profile

  8. Looks legit Grayson, I’ll have to check it out further. We have some debt left, sadly. The student loan bubble just keeps growing. It’s too bad…

    Thanks for a great review.
    Jacob@CashCowCouple recently posted..How to Make a Cute To-Do BoardMy Profile

  9. I’ve seen a lot of chatter about smarter bucks and need to take a closer look at it, but I appreciate hearing your thoughts about it. While we no longer have our own student loans (we’re old! :) our girls are too young!) I certainly have clients this could benefit. It sounds like a great plan to help ease the pain of student loans. It scares me to see 1 trillion dollars in student debt today and worry what it will be like when our kids are ready for college.
    Shannon @ The Heavy Purse recently posted..An Info-Graphic and Guest Post @ Tackling Our DebtMy Profile

  10. Oddly enough I have never heard of Smarter Bucks but it looks like a great program for college students. Hopefully it’ll be around when my kids decide to go to school.

  11. Good review! It’s a good thing anytime you can accelerate the paying off of student loan debt. Thankfully, I’ve already taken care of mine. Now I just have to make sure my kids don’t need to take on debt to go to college.
    Brian @ Luke1428 recently posted..Hey Parents…It’s OK to Create Cheap MemoriesMy Profile

  12. I’m glad to see that debit cards are finally offering reward programs. They’ll probably never be on par with a credit card reward, but it’s a good way to help people save money. Especially with student loan debt.
    Justin recently posted..Why Postponing Retirement May be a Good IdeaMy Profile

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