MyPoints
by Aethyna
Jan 16, 2018 |
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Highlights:
Chat-Based Surveys , Referral Program , Search and EarnMethods:
Min Payout:
Varies Depending on Payout OptionRewards:
Cash , Gift Cards , Points System MyPoints is a primarily cashback site, though it does offer other forms of earning opportunities such as completing paid surveys and watching videos, which uses a points-based system to pay out rewards to its users. The site has a good cash-out track record despite having a rather low points-to-cash exchange rate. Sign-up Now Similar Survey Sites RegisteredPeople Also Played
Introduction
MyPoints is a primarily cashback site, though it does offer other forms of earning opportunities such as completing paid surveys and watching videos, which uses a points-based system to pay out rewards to its users. The site has a good cash-out track record despite having a rather low points-to-cash exchange rate. You also need to be at least 13 years old to join.
Registration
Signing up on the site is easy and fast. The nicest thing is that by completing your profile, you’ll get a nice lump of 30 points. A pretty nice welcome gift we’d say!
Earning Methods
Being primarily a cashback site, MyPoints has tons of online shopping offers that you simply couldn’t refuse. If you already planned on buying something, you might have better luck searching for that said item or items on this site and get some sweet cashback for every single purchase you make. Best yet, you can get cashbacks not only from buying goods, but also coupons (much like the ones on Groupon), travel deals, or even gift cards for Domino’s eBay, Sephora or more through its MyGiftCardsPlus program.
Even if all you do is buy groceries, know that you can get grocery coupons on MyPoints for a whole range of daily or monthly necessities from food to common household goods to pet supplies. However, instead of making you clip those coupons from newspapers and magazines, you can simply pick any coupon you think you may need, print them out and earn yourself a nice 1 point for your effort. If you spend that coupon though, you’ll get a nice 10 points for it. Once you’ve printed out your first 50 coupons, you will get a bonus 790 points, which is equivalent to approximately $5!
However, take note that your reward points will appear in your account usually within 5 business days after you use it and that you can only print out a maximum of 500 coupons a month.
If you truly want to make full use of the cashbacks you can get from shopping at MyPoints, you might want to consider getting MyPoints’ browser extension, Score! This shopping extension will let you know when you’re trying to make a purchase on a MyPoints’ merchant site so you can easily remember to redeem your free points on MyPoints, and in essence, get some nice cashbacks.
Interestingly, it also shows you associated coupons you can get at MyPoints so you can grab that coupon first, get a nice discount for your purchase, and then cash in on your cashbacks from MyPoints. That’s a pretty sweet deal in exchange for installing a small browser extension, don’t you think?
Aside from shopping online, you can earn points by completing paid surveys, watching videos on its special channel called nCrave, playing games from established games publishers like GSN, reading mails from their partners (BonusMails) and also participating in its Daily Polls for some extra free points.
Like huge paid survey sites like InboxDollars and Swagbucks, you can earn some extra passive income simply by using its search engine via the Search and Earn program. Granted that not all of your daily searches will earn you points, but since you’ll be searching for those stuff anyway, why not use MyPoints’ search engine for the chance of earning something in return?
Survey Quality
In terms of the survey quality on the site, MyPoints does put everything out clearly on the table. You’ll know how many points you’ll get for a given survey and how long you’ll need to complete said survey.
However, the site doesn’t really differentiate a pre-qualifying survey and an actual survey clearly. Add that to the fact that it sometimes takes quite a while for the system to know you’re not qualified for a survey, you might end up spending more time doing the pre-qualifying surveys than an actual survey… and yes, it can be quite frustrating as well. After all, many users have reported a qualifying rate of less than 10% and that’s for a US citizen.
Nevertheless, as a nice little consolation, you’ll get 5 bonus points per survey that you are disqualified from up to a grand total of 5 surveys a day. That being said, if you think the frustration of going through tons of pre-surveys isn’t worth the 25 points you get, then by all means, you can try the other earning methods on the site instead.
The rate of points earned per survey completed might not be very worthwhile for you either since points aren’t worth a lot on this site, unlike say SBs on Swagbucks. At this point of writing, each point is worth around half a cent.
Rewards
As is its namesake, MyPoints uses a points-based system to reward you for your efforts, but if you’ve been on our site long enough, you’d know that we aren’t huge fans of these so-called “points” (Swagbucks is a very rare exception). This is mainly because most points-based sites, like MyPoints, are often incredibly vague about how much each point you earn is worth.
It’s a bit worse on this site since the value of the points you have vary depending on the cash-out options you choose, be it gift cards or cash (via PayPal). You can get a $5 Barnes & Nobles gift card for 700 points, while you’ll need around 4000 points for $25 in cash (that’s around 800 points for $5).
In fact, even among different gift cards, the rate of exchange can be quite different. Using the same example, you need around 140 points per $1 on that $5 Barnes & Noble gift card, but if you were to get a $3 eBay gift card for 480 points instead, you’ll, in actuality, be spending 160 points per $1. The 20-point difference per $1 may not seem much if you exchange for small amounts, but imagine if you’re cashing out $50, that’s around 1000 points you’ll be losing out on!
Having said that MyPoints has a pretty good track record of following through on its cash outs, requiring as long as 2 weeks for a physical gift card and 5 business days for a PayPal transfer, and as short as 30 minutes if you order an e-gift card. The types of retailers, which are on MyPoints’ gift card rewards system, are well-varied too. Aside from the usual Walmart, Amazon or Starbucks, you can also redeem travel miles on a United MileagePlus account at a minimum exchange rate of 6,900 points for 2,500 miles.
Highlights
In addition to the tons of earning opportunities and rewards, MyPoints also has a referral program aptly called Refer-A-Friend program. By referring a friend or a family member through the program’s web form, your referrals will receive an email with your special link inside. They will then need to sign up to MyPoints using your link.
Unlike most sites, you won’t get any freebies if a new referral signed up, but if your referral make a purchase of at least $20 on the site within 30 days of signing up, you’ll then get a whopping 750 points! Not to worry, your referral will get 1,750 bonus points as well. This is a one-time deal but it’s still a really sweet deal!
Perhaps as a countermeasure against false answers, MyPoints has a chat-based survey system in place. This basically means that from time to time, you may happen upon a survey where a chat moderator may suddenly pop up to ask you a series of questions related to the survey you’re currently doing. The moderator will ask some questions that you have answered before and some that are completely new. As long as you’re truthful with your answers, you should need to worry much about these sudden “spot-checks”.
Conclusion
All in all, MyPoints is mainly cashback site and should be used as such. If you’re looking to get some sweet cashbacks and deals for purchases you already planned on making, then this is perfect for you. The site does have a lot of partners when it comes to online shopping. However, if you’re looking for a paid survey site, you might want to try other sites. The high rate of survey disqualification and low reward in return makes their surveys not that appealing.
Pros & Cons
Pros:
- Plenty of earning opportunities
- Multiple payout methods
- Can payout in cash (PayPal)
- A good and legit privacy policy
- Seemingly no payout fees
- Easy sign-up
Cons:
- Difficult to qualify for an actual survey
- Lower points-to-cash exchange rate and this rate differs depending on your chosen payout option
- Low rates per survey
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MyPoints is a primarily cashback site, though it does offer other forms of earning opportunities such as completing paid surveys and watching videos, which uses a points-based system to pay out rewards to its users. The site has a good cash-out track record despite having a rather low points-to-cash exchange rate.
