Referral apps offer an effective and rewarding way to make money online, offering rewards in exchange for sharing products and services you love with your network of friends and followers.
Many brands provide referral programs that reward existing customers who refer new ones with cash, discounts or credits that go both to them and the person referred.
1. Swagbucks
Swagbucks is an exclusive rewards program that gives users the option of creating gifts for free until 2025. You can exchange the SB points into cash. It’s true that it won’t take away the earnings you make each day, it might provide the opportunity to earn extra money in the interim. Pick platforms with positive feedback from customers and straightforward procedures put safety first.
Earning SB points can be as straightforward as surfing the web with your SwagButton, shopping through their portal and taking surveys/daily polls – even though these activities won’t make you rich overnight! SB points can be redeemed for gift cards and PayPal payments and users have reported earning $50-100 monthly with consistent use – however it is important to weigh time invested against potential payouts as well as avoid apps which claim they pay you for tasks illegal in your jurisdiction.
2. Toluna
Toluna is a consumer rewards site offering paid surveys and compensating users for daily tasks online. Like Swagbucks, Toluna allows you to earn points by engaging with everything on its site such as polls, games and community content – but this section may feel cumbersome and won’t bring in as much profit than Swagbucks’ community section would.
After you complete a survey on Toluna, it can take anywhere from 6 weeks up to three weeks for them to credit your account – though most users report seeing credit arriving faster (within days). Your reward could take between one and three weeks as well!
Toluna provides numerous ways for users to earn rewards, from PayPal cash and gift cards to community activities, testing products, and creating content – each earning additional points towards rewards. But this site takes longer than others in terms of reaching its rewards goal and some users experience issues getting disqualified from surveys or having their accounts improperly suspended.
3. Life Points
LifePoints surveys offer you the chance to earn extra cash without making an investment or time commitment – offering an easy and painless way to earn extra income without risk. With various survey types to choose from, you could potentially earn between $0.50 and $10 for every completed survey completed! LifePoints makes taking online surveys fun! And with their vast variety of paid survey options, taking one could pay you between $0.50 to $10! This makes taking surveys with us an effective way of increasing both cash flow and life satisfaction!
The site provides multiple ways for you to redeem your points, including PayPal cash and Amazon gift cards, donations to charitable causes, and even a $20 eGift card for every friend referred to the platform.
Robinhood is an excellent app that pays commission-free trades when your friends sign up, while offering referral bonuses of both new and existing customers. To qualify, your referral must connect a bank account or credit card to their account within 30 days of initial registration and send $5 within that same timeframe; there is a maximum annual reward limit of $100 with other terms and conditions to consider as well.
4. Venmo
Venmo is a payment-to-pay service, lets users earn cash through a variety of tasks. But, they are advised to beware of scammers pretending to be Venmo employees in order to obtain passwords and two-factor verification (2FA) code for logging in.
As with PayPal, this app also stores funds as an in-app balance that can be used for making payments (if there’s enough available) or cashed out at a fee. Unfortunately, unlike bank accounts, its funds aren’t federally insured, making its security less assured than some alternatives.
Limitations exist on how much can be sent each month through Venmo, and technical issues and changes to terms of service can arise without prior warning. While these changes can be annoying, Venmo offers several cash contests and sweepstakes offering prizes like gift cards or money; users can also refer friends and family for additional earnings opportunities through this platform.
5. Wealthfront
Wealthfront is an automated robo-advisor designed to assist users in building wealth through investing in low-cost exchange-traded funds at competitive fees, tax loss harvesting capabilities and automation features to maximize returns as well as an interest rate of 4.00% for its high yield savings account.
Burton Malkiel, best-known as author of “A Random Walk Down Wall Street,” founded this robo-advisor service and his investment philosophy and ethics are evident throughout their offerings.
Wealthfront Cash Account, one of its flagship products, features an annual percentage yield (APY) of 4.00% with no fees for depositing and withdrawing funds. Furthermore, FDIC insurance coverage up to $8 million through partner banks provides security while customers can link this account with bill pay services or peer-to-peer money transfer apps for ease of accessing funds.
Wealthfront also offers an app similar to Freecash that lets users complete different tasks – like surveys – for gift cards and other rewards. Both versions of the app are compatible with iOS and Android devices.
6. Sam’s Club
When thinking of wholesale clubs, Costco probably comes to mind first. But don’t forget about Sam’s Club–they offer similar benefits including Members Mark brand products at an affordable membership fee.
Sam’s Club members who use your referral link can receive a $20 e-gift card when someone joins through it. Simply share the link through your online account in “My Gift Cards”.
Plus members can also earn 3% cash back with purchases at Sam’s Club and online with the Sam’s Club Mastercard, in addition to earning 2% through membership benefit programs. Members can take advantage of exclusive card-linked offers and instantly generate Sam’s Cash without coupons or codes by linking a credit or debit card linked to their membership account; joining is free for Club and Plus members alike.