I really love SwagBucks’ rewards program. I know a lot of bloggers talk about it how much they earn. I haven’t earned a ton, but I don’t really put a lot of effort into it these days. Over my lifetime I’ve only earned just a little over 6,000 points, which is around

The Basics

Just in case you’re just finding out about SwagBucks, they are a rewards program that lets you earn points that they call SB which you can exchange for gift cards or entries into sweepstakes and that kind of thing.

You can earn money by referring people, which is the reason why most bloggers share about it. Every time someone signs up through your link you get 10% of whatever they earn for life. Yeah. Sometimes I login and have random SB I didn’t earn because I have shared my link here on the blog or with people I know. That part is kind of exciting, but doesn’t happen to often because I hate feeling like I’m having to push or sell things here on the blog. If you like it, great. If not, cool.

The Math: Figuring Out the Value of a SB

For the purposes of this post, I’m going to assume that you’re paying standard “price” for the gift cards you redeem your SB for, and that if you’re shopping through your SwagBucks account to earn SB that you’re getting the standard 2 SB for $1 spent. 1 SB is the normal, but I’m going to assume you’re savvy enough to wait until there is a promo.

The amount of SB that gift cards cost are pretty standard. The formula is usually the cash value of the gift card x100. So if I wanted a $5 gift card it would be 500 SBs. A $250 gift card would cost 25,000 SBs. Here is a handy chart for the non-mathematical people. It assumes that all you’re doing to get your SBs is shopping, which is the most painless and effortless way to do it. I mean, who doesn’t live on Amazon these days?

The math behind Swagbucks Rewards and how you can maximize your return!

Of course, I also do the special offers, those have earned me several thousand points in the last months. I had been wanting to try an Audible.com membership, so I got one through my SwagBucks account. I paid $1 for the first month and $2 for the second month (for a membership I wanted to get anyway) and that earned me 1,800 SBs.

Just as a friendly note, I didn’t take advantage of a free month trial, with 2 audiobook credits and I  really wish that I had. So before you join through your SwagBucks link, go start your free membership and download your free books, then cancel your membership. After that, start a restart your membership through Swagbucks and you’ll save money, but still get your free books. Woot woot!

Maximizing Your Return

So, now that we’ve covered the math of how it works, here are some of my tips I’ve used in the past few weeks to earn buckets more of SBs.

When you’re shopping through your SwagBucks account, wait until you’re earning at least 5 times as much as the ‘normal’ amount. Amazon, my best friend, has gotten me 7SB per dollar spent recently, which means I’m earning my SB 7 times faster.

Once you’ve earned enough and you want to cash in, don.t. Always wait to until the gift card you want it on sale before cashing in your SB. Sometimes, that means you can get a bunch of $3 Amazon gift cards for cheaper than buying the larger denominations. My advice is to bank your points until your preferred gift card is 20% off.

The last piece of advice I have is to be flexible about what you buy. Sometimes buying a Visa gift card which you can use pretty much anywhere) is on sale and cheaper than a PayPal gift card. Sometimes the Walmart cards (which can be used online and in store) are a little less expansive than Amazon gift cards… it all just depends. But the more you bank your points and watch what you want to go on sale, the less this is an issue.

Good luck! I hope you enjoy your SwagBucks gift cards!