What is it?
Most, if not all, Reward / Cashback websites offer some kind of referral bonuses to their loyal members. Generally, these websites will pay their referring members a one-off bonus payment of cash or points. The following are current examples of this:
- TopCashback – £15 (paid when new member earns £10 cashback)
- Quidco – £2.50 (paid when new member earns? cashback)
- AppNana – 2,500 Nanas (paid immediately, but only worth about 15 cents)
The Swagbucks Referral Program is slightly different in that you are not paid a one-off bonus. Instead, you are paid an on-going bonus based upon the number of Swag Bucks that the new member earns.
The current bonus rate is set at 10% of the new member’s points (Swag Bucks).
So if, for example, the person that you referred to the site earned 700 Swag Bucks in a week, you would receive a 70 Swag Bucks referral bonus for that week also. Since the Swagbucks referral bonus is paid on an indefinite basis, you will keep earning your 10% for as long as the new member continues to earn Swag Bucks.
Note: Your 10% bonus is NOT deducted from the new member’s Swag Bucks. It is a wholly separate and additional bonus paid by the owners of Swagbucks.
How Did it Get Better?
Swagbucks used to only award referral bonuses on points earned by the new member from doing internet searches.
However, for any referral that is activated between 21st January 2014 and 25th February 2014 (Swagbucks’ 6th Birthday), you will receive 10% of any Swag Bucks earned in the following areas of the site:
- Daily Poll
The exclusions are:
- Daily Bonuses
- Swag Codes
- SB Visa Awards
- Accelerator Awards
Extra Sign-Up Bonus Too
As an added incentive for new members to use existing members’ referral links when they sign up, Swagbucks is also offering a 50 SB bonus to the new member. In order to get the 50 SB bonus, the new member needs to use the code “FreeGiftCards” during the sign-up process.
How to Get Swagbucks Referrals
In order to get Swagbucks Referrals you first need to find out what your Swagbucks Referral Code is.
This Code can be found on the “My Referrals” page, which is located on the drop-down menu that appears when you hover your mouse pointer over your username in the right hand corner of the home page. Once on the “My Referrals” page, just click on the large “Refer a Friend” box in the middle of the screen and your Swagbucks Referral Code will be revealed to you.
Once you have the Code, you simply copy and paste it into an email, a Tweet, or a Facebook post and send it to anyone that you think might be interested in creating an account. Anyone who clicks on your referral code link and goes on to create an account will be registered as one of your referrals.
For example, my swagbucks referral code is swagbucks.com/refer/Bonzowaite
Anyone that clicks on my link and creates an account will be registered as one of my referrals and I will be a very happy man! At the end of the day. its free money and who doesn’t love free money?
The Pro’s and Con’s
- unlimited referrals
- unlimited points per referral
- bonus amount is better than many other reward sites
- I can’t think of any – its just Free Money!!
Whilst this offer lasts, the Swagbucks Referral Program has become significantly more generous than other similar rewards sites and I highly recommend that you take full advantage of it.
If you can gather enough referrals it can be an excellent way to earn money for very little effort.