Upromise.com is one of a number of sites that help turn everyday spending into money for college. Once you’ve set up an account, every online purchase you make through participating retailers earns you 1 percent to 25 percent in “reward dollars.” The rewards “accumulate tax-free” until they’re transferred into a Sallie Mae savings account, a tax-deferred 529 savings plan, or checks for qualifying college expenses.
Babymint.com also builds tuition savings through spending rewards. But every reward dollar you earn from participating retailers “is matched by a dollar off tuition” at more than 175 participating U.S. schools.
Fidelity.com/cardsthatcount offers a no-annual-fee American Express card whose reward dollars are linked to a 529 savings plan. Any grandparent who wants to help out is welcome to link their card to the account.
Source: Good Housekeeping
