Upromise® by Sallie Mae®
A rewards program that can help you pay for college
Upromise is an innovative service that helps its members get money back for college from their everyday spending.
Does it work?
So far, Upromise members have received more than
$600,000,000 in college savings! Even better—it costs nothing to join!
How can you earn with Upromise?
Here are just a few ways:
Upromise Online Shopping
Earn 1—25% back at over 800 online retail and travel sites. Learn more
Upromise Dining
Get up to 8% back at thousands of restaurants — on food, drinks & tip!1 Learn more
Upromise Grocery
Up to $40 a month in eCoupon offers at thousands of stores. Learn more
Upromise Credit Card
Earn 1% back on all your purchases, all the time. Learn more
What can you do with your earnings?
You have lots of options:
Grow it in a High-Yield Savings Account
Earn one of the best interest rates in the nation,2 plus a 10% annual match on your Upromise earnings.3
Invest in a 529 Plan
Enjoy a tax-advantaged way to save for college — many to choose from.4
Pay down a student loan
You can link to some student loans and set up automatic transfers.
Get a check
Use it to pay for expenses such as college tuition, books and more!
Upromise Online Shopping
- Earn 1-25% back from your spending
- Over 800 retail & travel sites
- Get access to thousands of coupons & deals
- Free online savings toolbar (TurboSaver®) available to members
Upromise Dining
- Earn up to 4% at participating restaurants
- Become a Preferred Diner (with one click) and earn up to 8%
- Earn on your total bill — food, drinks, tax and tip!
- Over 8,500 restaurants participate
- Enjoy special dining offers
Upromise Grocery
How to Earn:
On our site, click to activate eCoupons. If you buy the item that month and swipe your registered grocery card at checkout, the college savings will be sent right into your Upromise account.
- Up to $40 in eCoupons offers each month
- Over 21,000 grocery and drug stores participate
The Upromise® Credit Card Effortless EXTRA college savings
In addition to what you earn from Upromise partners, you can earn extra college savings when you pay with the Upromise credit card. For example:
- 1% on ALL purchases, ALL the time§
Plus:
- 2% EXTRA on eligible online purchases§
- 2% EXTRA on eligible gasoline purchases§
- 10% EXTRA on eligible grocery purchases§
Frequently Asked Questions
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What is Upromise? Is it free to join?
Yes, Upromise is free to join.
Upromise is a service that helps families earn extra money for education. The company was launched in April 2001 to help make a college education more attainable. It's a service that helps members jumpstart their college savings or pay down student loans by earning 1-25% back on qualified everyday spending shopping online or in-store, eating out, buying groceries, purchasing travel and more.
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What information do I need to provide in order to enroll?
Basic information like your name, mailing address, phone number and email address.
To start getting college savings from our participating companies, you should also enter your credit or debit card numbers and your grocery cards.
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What is the difference between a Upromise account and a 529 plan?
Your Upromise account is a non-interest bearing account.
The Upromise Rewards Service is offered by Upromise, Inc., is not a 529 plan and does not offer the federal or state tax advantages associated with 529 plans. If you are seeking potential market return on your college savings, you may want to consider investing them in a 529 plan.
Still have questions? Visit our FAQ page
join today
it's free!
Please note the Upromise privacy statement has been updated.
Need help?
Contact our Customer Care Department at 888-434-9111, Monday — Friday 9AM - 9PM ET.
1 To earn contributions through Upromise Dining by Rewards Network, you must dine at a participating restaurant on a day and time when it offers rewards and pay for the meal with a credit or debit card that is registered in your Upromise account ("Qualified Dine"). Specific terms and conditions apply for each restaurant's contribution. Participating restaurants, contribution levels, blackout dates, limits on eligible visits and other terms and conditions apply and are subject to change. For complete program Terms and Conditions, guidelines and restrictions, and the latest benefit schedules, visit upromise.com/dining. Gift certificate and gift card purchases made through Upromise Dining by Rewards Network must be purchased at participating locations on days when benefits are being offered. No online purchases will be eligible for college savings. The Upromise Dining program offers Preferred Diners 4%-8% contributions on eligible transactions, while the standard offering is only 2%-4%. Preferred Diners get access to more restaurants and exclusive access to special bonus earning opportunities.
2 Based on a Jan 20, 2012 review of competitor rates and APYs.
3 To be eligible for the 10% annual match on your Upromise earnings from Upromise you must link your High-Yield Savings Account to your Upromise Account and, within 90 days of opening your High-Yield Savings Account, either: (1) set up an Automatic Savings Plan with a monthly deposit of $25 or more, or (2) fund the account with $5,000 or more. Upromise will match 10% of your Upromise earnings posted as "funded" to your Upromise Account during the calendar year of January 1 through December 31. Your 10% annual match will be deposited into your High-Yield Savings Account in February of the following year provided that both accounts remain active and are in good standing at the time of transfer. Visit the FAQ's to Learn more. Upromise may change or terminate the 10% annual match offer at any time without notice. Other terms and conditions may apply. Upromise Accounts are not FDIC insured, carry no bank guarantee and may lose value.
4 Investment returns are not guaranteed, and you could lose money by investing in an Internal Revenue Code Section 529 qualified tuition program (a "529 plan"). The availability of tax or other benefits associated with your investment in a 529 plan may be contingent on meeting certain requirements. For more information about a 529 plan, obtain the Plan's Disclosure Statement which includes objectives, risks, charges, expenses and other important information; read and consider it carefully before investing.
