When I first started Swagbucks I was quick to question “how much is 100 Swagbucks worth”.
This was mainly because I wanted to be sure that the time spent on the site was worth my time.
Swagbucks is a great tax-free way to earn income online. It's been around since 2008 and is pretty popular among the ‘make extra money online' community.
An while the value of Swagbucks varies dramatically depending on how many you have and where you choose to spend them the general rule is that 100 Swagbucks is worth £0.62 / $0.80.
Let me breakdown below, just how you can check your Swagbucks balance and ensure your Swagbucks balance is going further.
How To Check Your Swagbucks Balance
When you earn rewards on Swagbucks they are calculated as ‘SB' which is an abbreviation of Swagbucks.
You can see your Swagbucks balance online in the top right-hand corner when logged in. As you can see, right now I have 853 Swagbucks.
How Much Is 100 Swagbucks Worth?
Well, you can redeem Swagbucks online for a variety of different things;
Cash / Credit – i.e. Mastercard or PayPal
Gift card – For loads of places i.e. Walmart, Marks & Spencers, Amazon etc.
The value you get from redeeming Swagbucks tends to rely on two different factors;
The number of Swagbucks you're redeeming
The reward method you've chosen
The Value Principle
A £5.00 PayPal credit is currently 800 Swagbucks.
This means that 100 Swagbucks is worth around £0.62 / $0.85
However, a £10.00 PayPal credit is just 1,450 Swagbucks.
This makes 100 Swagbucks £0.69 / $0.89.
This ‘wholesale' style discount generally applies to the majority of retailers. The higher amount of Swagbucks you exchange, the better deal you're getting.
So, wherever you can try and mount up those Swagbucks. The longer you hold off exchanging them into gift cards etc. the more money they are likely to be worth.
The Merchant Principle
Once again, you'll find Swagbucks values vary depending on the merchant issuing the reward you'd like to redeem your Swagbucks for.
£10 iTunes gift card is 1,360 Swagbucks.
£10 Amazon gift card is 1,440 Swagbucks.
£10 PayPal gift card is 1,450 Swagbucks.
The £10 is still £10, it's just where you're spending it that makes a difference to its value.
So, when going back to the key question “How much is 100 Swagbucks worth?”
Well… It's personal and really depends on how you plan to redeem your Swagbucks when the time comes.
However, if like me you're a little unsure, it's probably going to depend on the time of year and my needs at that time etc. then follow this calculation.
How Much Swagbucks Are Worth In The UK
£10 = 1,360 Swagbucks
£10 is the most common denomination for Swagbuck exchanges.
At the time of writing, there are 11 different gift cards/credits you can get at the £10 denomination mark, and the average of which is 1,360.
Quick Calculations Based On These Averages
Here are some quick reference calculations you can refer to prior to taking on an offer so you know what the Swagbucks cash value is.
10 Swagbucks is worth £0.07 / $0.09
100 Swagbucks is worth £0.73 / $0.95
1,000 Swagbucks is worth £7.35 / $9.53
10,000 Swagbucks is worth £73.52 / $95.29
Rounded down to the nearest whole number.
Sadly, I've been unable to do the same calculations for our friends across the pond in the USA and Canada.
If you have either of these breakdowns and would like to share them, please drop me a note in the comments. Thanks in advance.