What types of rewards programs are there?

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Rewards programs are available nearly every place you shop (even at some of your favorite Foodie Places). Whether it’s at the mall, at the grocery store, or on your phone, rewards programs help save you money as you shop, play, and surf the web.

1) Phone rewards- Apps such as Lucktastic and Google Play Rewards offer money for a few seconds of your time a day. Lucktastic is a lottery game where scratch off cards offer points as winnings. After so many points, they can be cashed in for items such as gift cards and sweepstakes entries. Google Play Rewards, run by Google itself, offers rewards for surveys based on location, shopping habits, and even opinion. Rewards vary in amount, and can be used to purchase items in the Google Play Store.

2) In-store rewards: To bring in more customers, some stores offer instant reward dollars after so much money is spent on their products. Stores such as Victoria’s Secret, Torrid, and Kohl’s offer deals year-round that can then be used to reduce the out-of-pocket expense of shoppers later on in the year.

3) Credit rewards: These stores also offer reward points based on money spent using store-issued credit cards. Points are often issued so many per dollar, and after a certain amount of points are collected, the cardholder may receive a voucher in the mail to use on their next visit to the store.

4) Gas rewards: Supermarkets and supercenters that have connections with gas stations often offer a reward card that, while taking cents and dollars off of products in the store, also takes cents off at the pump. Kroger’s shopping card, issued free, gives points according to dollars spent, much like credit reward cards. After so many dollars are spent per month, shoppers can take off more per gallon at the gas station.

There are hundreds of rewards programs across the internet. While it seems like just another card to keep up with, participating in reward programs can ultimately save hundreds, even thousands, of dollars per year– just for swiping a card.

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