BondRewards Adds Cash Deposit Redemption Option; Offers $5 Bonus

May 31, 2008 · 2 comments

BondRewards, the shopping rebate program that has had the best overall rates for the past two years in my annual shopping rebate comparison analysis, has always had one downside: you could only cash out your rebates in the form of savings bonds.
But now the company is trying something different. On Wednesday they announced they would be allowing members the option to receive their rebates by cash deposit into a savings account, money market fund, 401(k), or college savings fund.
Because the site continues to give its shopping rebates in terms of savings bonds, which are bought for half their face value, you’ll still need to halve their rates in order to compare their rates to other rewards programs. For example, BondRewards’ site lists 34% rebate on purchases at Flower.com, but since a $100 savings bond only costs $50 for them to buy, it’s actually 17% (still amazingly high). And that’s also how much you’ll actually earn if you choose the cash option.
To encourage members to give the program a try, they’re offering a bonus of ten BR dollars ($5 cash) if you make any purchase by June 30th!
There are almost $40 worth of surveys up on the site now, AND they have a selection of merchants offering double rebates including PETCO at 30.6% (cash value 15.3%) and Shoes.com at 57.8% (cash value 28.9%)!
Now is a great time for you to try this program out if you haven’t already. I have (I cashed out for a $100 savings bond last year; made an impressive Christmas gift for my niece)! Please join here (aff)!

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{ 2 comments… read them below or add one }

Carrie @ Moneysavingmethods.com May 31, 2008 at 10:50 pm

Hi,
I signed up thru your link today, but I don’t see any mention of the bonus when I make my first purchase.
Did I do something wrong?

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Becky June 2, 2008 at 9:28 am

Hi, Carrie!
You should see the offer in a rotating banner on the main page when you’re logged in (I think there are 3 banners that rotate and this particular offer is at the bottom of the one that says “Two Ways to Save With BondRewards” — you can also click on box #1 to bring that one up).
Hope this helps — email me if you still don’t see it, and thanks for signing up! :)

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