SmarterBucks® Review – A Rewards Program Geared Toward Student Loans
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 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.
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.