SmarterBucks Review: A Program that Helps you Help your Loved Ones Pay Off Their Student Loans Faster

For all you parents out there who are seeing your kids graduate from college with more debt than they can handle: get ready to celebrate. There’s a new rewards program in town that helps your kids get debt free faster. It’s called SmarterBucks®, and members earn rewards on the money they’re already spending. Then those rewards become extra student loan payments, which can be used to pay down any student loan, whether federal or private. The best part? Redemption is automatic and signing up is free.

But here’s where a smart rewards program gets revolutionary: SmarterBucks also offers free Gifter accounts, which let’s people who don’t have student debt of their own earn rewards on behalf of someone who does. That means family and friends (like you!) can get in on the action, helping the ones they love get out of debt even faster.

Earning rewards is easy:

  • Shop with your favorite brands at the SmarterBucks Marketplace and earn up to 10% back in rewards from retailers like, Banana Republic, J. Crew, Groupon, and more.
  • Check out their SmarterBucks Exclusives—unique, new ways to earn even more rewards.
  • Apply for a SmarterBank Visa® Debit Card, which earns SmarterBucks on everyday purchases like grocery and gas.

Plus, gifting is free!

With a SmarterBucks Gifter account, gifting rewards is easy. Here’s how it works: every month we transfer the rewards you earn to your loved one’s SmarterBucks account automatically and for free. Choose who to give your rewards to and we’ll take care of the rest.

What are extra student loan payments really worth?

Normal rewards programs give you points or dollars you can usually use to buy something. SmarterBucks, on the other hand, uses those rewards to pay off debt faster. This actually increases the value of the rewards you earn. Think about it like this: if you earn $15 in SmarterBucks and gift that to a loved one, they’ve not only paid off $15 in student loan debt, they’ve avoided paying accruing interest on that $15 for the rest of their loan’s repayment period. Depending on their interest rate and the length of the repayment period, that $15 payment could reduce the total cost of their debt by double or triple that.

The SmarterBank Visa Debit Card is issued by The Bancorp Bank pursuant to a license from Visa U.S.A. Inc.  The Bancorp Bank; Member FDIC.

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