Earning a side income is a great way to pay off loans, meet a savings goal, or prepare an emergency fund. Though there are many options for earning a side income, not all are created equally.
Survey sites are a common way to make some extra cash, and a multitude of sites exist, each claiming to offer great rewards for your opinion.
In our MyPoints review, we'll take a look at the site and its reward program to help you decide whether or not this survey site is a good option for you.
What Is MyPoints?
MyPoints is an online rewards panel that has been around since 1996. Members of MyPoints earn points for doing various tasks. In return, those points may be exchanged for prizes or cash.
MyPoints membership is free and available to all U.S. and Canadian citizens. Individuals who live outside the U.S. may join; however, some prizes will not be available. This in-depth MyPoints review will tell you everything you need to know about the program.
Members may immediately begin earning points upon completion of sign-up. There are several methods through which members can earn points. Understandably, some questions arise with websites such as this.
People may wonder if such sites offer anything of value, or if they are worth the time and effort. Another major concern on many people's minds is rather the site is legit or a scam. This MyPoints review will answer these questions.
How Does MyPoints Work?
In this section of our MyPoints review, we will discuss how it works. Once you have created your account, you will see several task options for earning points. The most common of these options is paid surveys.
These surveys are from market research companies who wish to improve their brand, products, and general customer experience.
These companies desire a particular demographic of individuals to complete these surveys so they may gather the information needed for improvements.
When you initially join MyPoints, you are presented with several questions about yourself such as your age, education level, shopping habits, household items you might possess, whether you are a parent or not and the ages of your children, and your marital status.
This is a pre-screening process which is used by the companies to offer you surveys that match your demographic on some level. When a survey is offered to you, there are more questions that you must answer to see if you qualify for that survey.
This is done to ensure that you precisely match the demographic they are looking for. When you qualify for a survey, you will receive an email informing you, and the survey will be available in your online account.
Sometimes attempting to complete surveys can be frustrating because after spending a couple of minutes answering the pre-screening questions you might get a message telling you that you do not qualify for the survey. Although this is annoying, there will be other survey opportunities, and you will qualify for some of them.
Once you have completed a survey, you are awarded points. The number of points you receive depends on the length of the survey. Longer surveys are, of course, worth more points than shorter ones.
When you have earned enough points, you can cash them out for travel mile vouchers, gift cards, or even money. Aside from surveys, there are several other options for earning points. In this MyPoints review, each of these options is discussed below.
After you sign-up to MyPoints, they will send you emails known as BonusMail. Each of these emails will contain a link. All you need to do is open the email and click on that link. When you do this, you are awarded five points.
It is a good idea to either sign up to MyPoints with an email that you seldom use, or create a brand new email specifically for MyPoints. The reason is that MyPoints will send lots of emails.
Shop to Earn
MyPoints is partnered with almost 2000 online retailers. Shopping with these retailers through MyPoints allows you to earn cashback equal to a percentage of the purchase.
You should be aware that MyPoints does not offer the best cashback deals online; however, it is an option offered for earning points. Most cashback offers will offer you between 5 to 9% return per dollar.
This is not too bad, but know that there are sites that offer up to 40% cashback.
Earn Points by Viewing Videos
Another way to earn points is by watching videos supplied by MyPoints. It is important to note that you cannot simply log onto YouTube and watch several videos and earn points.
Instead, you must watch the videos provided through the video task option. These videos cover a wide variety of topics ranging from celebrity gossip to how-to videos.
Earning Through Web Search
MyPoints has an internal search engine similar to Yahoo or Google. You can earn points by performing searches through their browsing portal. You will not earn a lot of points this way.
However, the more searches you perform, the more points you will earn. The MyPoints search engine can be bookmarked on any browser for quick and easy access.
Print Coupons and Earn
You will also earn points for printing off coupons. Simply print off coupons that are provided on the website. Use the coupons at your favorite stores when you shop, which is like getting cashback in addition to savings.
You will earn ten points for every coupon you print off. That is approximately the equivalent of six cents cash back per coupon printed. This task is a two for one rewards deal.
Play to Earn
MyPoints has a variety of games within the program which you can play to earn points. You must continue playing these games for a while before points are awarded. The games are provided so the company can test them to work out any issues within the games.
Therefore, it is normal to find games that have a few glitches. There is a good variety of games. If you like to play online games, this could be a perfect way for you to earn more points. You should be aware, however, that you will not earn a lot of points this way.
Refer to Earn
As with similar platforms, you can earn points by referring others to MyPoints. For each initial referral sign-up, you will earn twenty-five points. When your referral spends at least $20 via the shopping portal, you get another 750 points.
Print Coupons and Earn
In addition, you receive a 10% match on all points they earn. MyPoints does not set any limits on how many people you can refer.
Every day MyPoints emails out a poll. Upon completing this poll you will earn a certain amount of points. This amount varies and will be listed each day.
There are several offers you can complete for points. Offers include website sign-ups, newsletter subscriptions, and paid and free trials. Offers may be completed in different ways.
It is a good idea to keep track of offers such as free trails if you intend to cancel before having to pay.
Booking Travel Arrangements
Whenever you book your travel plans through MyPoints, you earn points as well as travel miles.
Earn with nCrave
With nCrave members can earn points in a variety of ways, including viewing slideshows and reading articles. Topics may include financial information, tech news, entertainment, and health tips.
Occasionally, MyPoints will strike a deal with advertisers to provide you with in-store offers.
For such offers, you would go to a certain store and purchase a specified product in a specified amount. Then you scan and upload your receipt to MyPoints. In return, you earn points.
Finally, you can earn points through the “Easy Points” option that is available to all members. There is a link or tab located in the top-right corner of your online dashboard.
Here you will find advertisements asking you if you need to hire a contractor or if you wish to save on groceries or other things. Just click on the button labeled “I don't” and another link will appear.
Click that link to earn points. This option is offered only once per month, and it is worth five points.
Is MyPoints Legit or a Scam?
The short answer to this question is yes, MyPoints is legitimate. It has been operating online legally for many years. That said, there have been complaints from long-time users that the functionality and rewards were a lot better during the site's first years of operation.
Regarding legal operation, this program is legit. On the other hand, if they are withholding points or maliciously shutting down accounts, then they could be a scam. In fairness, however, we do not know that this is the case.
It also states that they are not obligated to award points for activities that are not properly tracked or recorded.
It is possible that some users who complained about missing points may have exceeded set limitations or might have a program or setting on their computers that interferes with tracking.
Tips for Making Money Fast With MyPoints
In this portion of the MyPoints review, we will explore how to get the maximum amount of points in the most time-efficient manner. These tips are designed to help you benefit as much as possible from the MyPoints program.
As the site is large, it helps to be organized. To begin with, there are a few things that you should do before you begin earning points.
First, choose a goal. Decide if you are working towards a particular gift card or a PayPal cash-out. Perhaps you wish to accumulate several $3 gift cards to use as stocking stuffers for Christmas, or you may want to buy airline miles for your next trip.
Second, browse through the videos. Make a note of any videos that interest you. These videos can be placed on a visible tab so you can quickly and easily find videos you want to see when it comes time to earn.
Finally, take the time to thoroughly fill out your profile. This helps to unlock surveys you are likely to qualify for, which will save you time in the long run.
On the first of each month, write out a list of all items you intend to buy that month. Be sure to include any birthday, anniversary, or holiday gifts that you may need to buy. As much as possible, purchase these items through your MyPoints program.
Each week, look through the printable coupons and compare them to your grocery list. Print all the coupons that match items on your list. On a daily basis, look through the deals listed to check for new ones.
Check the surveys and do as many as you have time for. Set your chosen videos to play while you are doing other things such as enjoying a cup of coffee or washing the dishes.
Remember to keep them going whenever you walk away to do other things. Be sure to do your daily five.
Is It Worth Your Time?
At this point in this MyPoints review, we need to discuss whom MyPoints will benefit and if it is worth your time. Programs such as this offer a tiny amount of compensation for your time.
It has been estimated that on average, MyPoints pays approximately $1 per hour. That said, you can waste a couple of hours a night browsing through social media or watching television and you will earn nothing.
Therefore, MyPoints is for people who desire to earn a little extra money now and then while spending their spare time completing online activities.
MyPoints is not recommended for people who are looking to replace their regular job with an online income. As previously mentioned, you will not earn very much money this way.
Furthermore, one advantage of earning money online is leverage. In other words, you can complete a task one time and get paid for it repeatedly.
However, MyPoints tasks do not offer any leverage. You only get paid once for any task you complete. Passive income is far better for earning online.
In lieu of earning passive income, higher-paying online jobs, such as content writing or web design, would be preferable to MyPoints for earning a full-time income.
Regarding whether MyPoints is worthwhile depends on your intended use and expectations. If you are looking for a way to make a lot of money quickly with minimum effort, MyPoints will not be worth it for you.
If you dislike activities such as completing offers, taking surveys, taking part in polls, and watching videos, once again, MyPoints is likely not worthwhile for you.
On the other hand, if you enjoy those sorts of activities, and you are just looking to earn a few extra dollars once in a while, or you would like to earn a few gift cards throughout the year, then MyPoints may be worth it for you.
MyPoints Review Summary
It is time to wrap up this MyPoints review. Aside from a few unverified complaints from a handful of users, MyPoints appears to be legit.
They provide a platform that allows users to earn points via watching videos, searching the internet, completing surveys, shopping, playing games, and other activities.
Many people use MyPoints to gain travel miles and gift cards. Surprisingly, few people choose the PayPal transfer option, which is the only way to get cash from the site.
On occasion, the platform may fail to give a few deserved points. Although this can be irksome, you only need to contact customer support and they will happily credit the points to you after you provide proof that you completed the task.
In any case, MyPoints is free to join, and it provides a user-friendly platform in which to earn a few extra dollars or prizes on the side. There are numerous ways to earn on this site so you will always have plenty of earning options.
Sites such as this one are suitable for anyone with a bit of spare time who would like to earn cash or prizes for a little mindless activity.
Featured Image via freepik.com