Is Upromise a Scam? – My Review Of It

By Kyle / August 10, 2017

If you are planning ahead and looking to earn extra money to go towards college then is one of your options. But should you trust this place or is Upromise a scam that is just going to leave you disappointed in the end?

I was contacted by a friend of mine who was looking into this place and wanted me to do some research on them to see what I think. So anyways, I did the research and decided to write this short review on it all so that others know what they are getting their-selves into.

UpromiseUpromise Review

  • Website:
  • Type: Cashback college savings program
  • Cost: Free to join
  • Legit?: Yes


Upromise is a cashback site that is run by Sallie Mae. If you are familiar with Sallie Mae then you know they offer college planning services and are a student loan provider. And as expected, Upromise also operates within the college finance field.

If you are familiar with cashback sites like BeFrugal, TopCashBack, etc… then you know how they work. Its pretty simple, they pay you cash back to shop online through their site.  What they do is actually a form of advertising and stores pay them money to get people to shop their…. some of that money you get back.

The big difference between Upromise and other cashback sites is that with Upromise you don’t get your cashback with Paypal or choose to receive a gift card. Instead, you get to put that cashback into a college savings account where it will come in handy later on. You can also choose to receive a check in the mail if you wish.

How It Works

The whole process is pretty simple. There are several ways you can earn cashback… shopping online, shopping at grocery stores, eating out at restaurants, and more. I’ll just go over a few.

Online Shopping

On the Upromise website you can search through a bunch of online stores that you are looking to shop at. They are partnered with over 850 stores so there should be some that everyone likes. Everything from Walmart, Amazon, Timberland, Under Armour, Toys R Us, and more you can find here. You can browse through different categories of stores, search by letter, or you can search for specific stores in the search bar.

I was looking for Walmart and decided to search by letter…

As you can see it lists all the stores beginning with the letter W. And this is only some of them by the way.

When you find a store you want to shop at just click on it and up will popup a little window that will go over the details of the cashback deal and you will see a “Shop Now” button that you can click on…

When you click to shop now you will then be directed to the online store to do your shopping. From that point on everything is normal. Just do your normal shopping and be done with it.

Grocery Shopping

You can register your grocery store card with Upromise and get cashback automatically when you use it. Its easy to do and you can save money at Giant Eagle, Rite Aid, KMart, CVS, Fresh Market, and a lot more.

Full list of participating stores


Here you will have to register your credit/debit card with Upromise and each time you use it at a participating restaurant you get cashback. There are over 10,000 participating restaurant locations that you can save money at.


How Much Money Can You Save?

This all depends on how much you shop and what stores you are shopping at for the most part. The amount of cashback that is offered depends on the store.

As I showed you above you can save 5% cashback when you shop online at Walmart. Honestly… that is a very high cashback amount for a big retailer like this. And it seems that most big retailers are giving 5% back on Upromise. This is extremely good. Usually you can only expect 2-3% back with most cashback programs that I have reviewed.

And that is just the online shopping portion. You can save some decent money at restaurants and in-store shopping too. Overall this is definitely one of the better cashback programs I have come across.

What Happens To Your Cashback?

This program is predominantly for people that are looking to save for college. The main way to get your cashback is to put it into a college savings plan.

Upromise has what they call GoalSaver Accounts that you can open up and have your cashback deposited in. You will earn interest off of the money in these accounts. Additionally, they also give you the option of combining this with a 529 plan which could give you faster growth.

You can choose to keep your account for cashback savings only or if you would want to you can deposit additional money into the account towards college.

Another way you can use your cashback is to pay off existing college loans. They have ways for you to do this.

Although Upromise is all about college savings, they also offer the ability to cash out your cashback via check. You can request a check be sent to your home which you could use on anything.

Final Thoughts On Upromise – Scam?

Upromise is definitely not a scam. Its a legit way to earn cashback from doing the shopping you are going to do regardless. I would even go as far as to say that this is one of the best cashback programs that I have come across. They seem to offer higher cashback percentages than most other similar sites.

The only downside really is that they only offer members the ability to get cashback deposited into college savings accounts or mailed to them by check. They don’t offer PayPal, gift cards or anything like that. But after all, this is all about college savings so I would expect this.

All in all I am impressed with Upromise I do recommend it for those looking to save for college or that have a loan they want to make small payments on without any extra effort.

You also might be interested in my review of Ibotta. Ibotta is my favorite grocery cashback app where you can get cashback on in-store purchases. They have nothing to do with college savings but are nice for getting cashback on ordinary grocery shopping.

And if earning cashback isn’t going to cut it for you and you are in the need of making more money then check out how I make a living online here. A lot of people seem to be interested in doing what I do online because of the freedom to work around your schedule that comes with the job.

Questions, comments, concerns? Leave them below in the comment section and I’ll get back to you soon ?

About the author


My name is Kyle and I am the owner of Earn Beast. I created this website to explore the various ways of earning and mainly focus on teaching others how they can make money online. To learn how I make a full-time income online, Click Here


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