Welcome to this week's Frugal Follies Frugal Tip!
I had an interesting dilemma related to Swagbucks this week.
I had earned 450 Swagbucks, so I went to get a $5 Amazon.com gift code with my points. But I couldn't!
You see, Swagbucks only allows you to get 5 of the same prize per month. And thanks to lots of great search wins by myself as well as those of you who have used my referral link, I had already gotten five $5 Amazon codes. (I'll have a giveaway soon for these codes - stay tuned!)
This is the first time this had happened. So I had a dilemma - what should I get with my points?
I decided to figure out which gift cards were the best value. I checked the values of the cards for Amazon.com, Barnes & Noble, Target, and Alice.com (a household products purchasing site), as well as PayPal cash. I ranked them in order of how many Swag Bucks you would need to buy $1 of card or cash value.
Here's what I found:
|Card Value||Swag Bucks||SB per $1|
|Amazon $5||450 SB||90 SB per $1|
|Alice.com $25||2,650 SB||106 SB per $1|
|Amazon $500||54,995 SB||110 SB per $1|
|Alice.com $10||1,150 SB||115 SB per $1|
|Barnes & Noble $100||11,549 SB||115.5 SB per $1|
|Amazon $100||11,599 SB||116 SB per $1|
|Amazon $50||5,900 SB||118 SB per $1|
|Alice.com $5||595 SB||119 SB per $1|
|Barnes & Noble $25||2,985 SB||119.4 SB per $1|
|Barnes & Noble $10||1,225 SB||122.5 SB per $1|
|Barnes & Noble $5||625 SB||125 SB per $1|
|Paypal $100||12,549 SB||125.5 SB per $1|
|Amazon $25||3,150 SB||126 SB per $1|
|PayPal $50||6,330 SB||126.6 SB per $1|
|PayPal $25||3,215 SB||128.6 SB per $1|
|Target.com $5||649 SB||129.8 SB per $1|
|PayPal $10||1,335 SB||133.5 SB per $1|
|PayPal $5||700 SB||140 SB per $1|
These values are the regular-priced values for each of the cards as of this writing (5/31/12). Values can change at any time, and sometimes the cards go on sale.
So what did I learn from making this chart?
- The Amazon.com $5 cards are the best deal! I always assumed so, but this list makes it clear.
- PayPal is the worst deal. If you had 2,250 Swag Bucks, you could by 5 $5 Amazon.com codes, but only $15 in PayPal cash (with 215 Swag Bucks left over).
- Alice.com is a pretty good deal if you want to use that site to purchase your household products. However, the prices there are higher than what you'd spend if you play the drugstore game.
- A Swag Buck is basically worth 1 cent. So when you look into doing a survey on Swagbucks, think about how much you're actually earning. If you're doing a 15 minute survey that is worth 25 Swag Bucks, that means you're earning $1 per hour.
- Other than the Amazon $5 codes, most of the small-value cards are not as good a deal as the higher-value cards. But unless you do some serious Swagbucksing, it's hard to get to those values. I've been doing Swagbucks for 2 years, and had I not bought Amazon $5 codes as soon as I had 450 Swag Bucks, I still would not have enough to get an Amazon $500 code.
For more frugal tips, please go to my Linkup Parties page and check out the bloggers listed under Frugal Tips Linkups. There are lots of great ideas on each blog and I'm sure you'll find lots of wonderful tips
(This post may contain affiliate links. Please see my disclosure policy for more information.)