How does Upromise work?

Upromise is a rewards program designed to help families save for college education. It works by partnering with various retailers, restaurants, and brands that contribute a percentage of a member's spending as cashback into their Upromise account. Members can then use this accumulated cashback to save for college expenses or pay off eligible student loans. To start using Upromise, simply sign up for a free account and register your credit cards, debit cards, and loyalty cards. When making purchases with the registered cards at partner merchants, cashback will be automatically added to your Upromise account. Additionally, Upromise offers an online shopping portal where members can earn even more cashback by shopping at participating retailers. Members can also boost their savings by inviting family and friends to join and contribute their cashback earnings to a designated beneficiary's college fund. Upromise provides tools and resources for tracking savings progress, setting goals, and exploring other ways to save and invest for higher education.