What is a Upromise account?
When you join Upromise you automatically open a Upromise Account. Once you have signed up for company programs, your contributions from those companies are automatically deposited to that account. You can also link your Upromise account to one or more qualified 529 Accounts, so that your college savings can be professionally managed and enjoy growth potential.
Do I open a Upromise account in my name or my child's name?
Open your Upromise account in your name and then add the student(s) you're saving for in the Profile section of your Upromise account.
Can I view my account information online?
Yes, you can view your Upromise account online 24 hours a day, 7 days a week.
Can I withdraw cash back from my Upromise account without transferring them to a 529 plan, student loan, or High-Yield Savings Account , and if so, how?
Yes, you can request to withdrawal your Upromise cash back at any time during your membership, provided that you have at least $10 available in your account. To withdrawal your cash back, simply visit the Request a Check page in your Upromise account and fill out the online form.
If you are withdrawing less than $1,000, you can submit the request online. If you are withdrawing $1,000 or more, you will need to print the request and have it notarized or obtain a Signature Guarantee. We require your request be notarized or contain a Signature Guarantee if it is for $1,000 or more for the protection of our members. You earned your cash back, and we want to make sure only you get it.
Requests for $1,000 or more should be sent to:
ATTN: Customer Care
P.O. Box 55555
Boston, MA 02205-5555
Or you may fax your request to 617-559-2481, Attn: Upromise Customer Care
To make your savings work for you, you may want to consider transferring your company contributions to an investing plan for a future college student.
What is the difference between a Upromise account and a 529 account?
The cash back you receive from your eligible purchases are automatically deposited into your Upromise account. Your Upromise account is a non-interest bearing account. The Upromise rewards service offered by Upromise by Sallie Mae, is not a 529 account, is not FDIC insured, and does not offer the federal tax advantages associated with 529 account. If you are seeking potential market return on your college savings, including your Upromise earnings, you may want to consider investing them in a 529 account. Upromise members have the opportunity to automatically transfer their Upromise earnings into an eligible 529 account.
How do my Upromise savings get into my 529 account?
Once you have linked a 529 account to your Upromise account, Upromise will automatically transfer all of the funded (not pending) contributions from your Family & Friends network that have been allocated to be transferred to your 529 account on a quarterly basis. The transfers typically occur in the last month of each quarter (March, June, September, December), around the 15th of each month.
The following table shows the minimum transfer amount for each plan. If your available funded balance allocated to your 529 plan has not reached the minimum transfer amount required to transfer to your 529 plan, your contributions will remain in your Upromise account and will be eligible for transfer during the next calendar quarter.
|Plan name||Minimum Transfer Amount|
|Upromise College Fund||$25|
|The Vanguard 529 College Savings Plan||$50|
|The Columbia 529 Plan||$25|
|New York's 529 College Savings Program Direct Plan||$25|
|New York's 529 College Savings Program Advisor Plan||$25|
|College Savings Iowa 529 Plan||$25|
|USAA College Savings Plan||$50|
|CollegeInvest Direct Portfolio College Savings Plan||$15|
|The GIFT College Investing Plan||$25|
|HI 529 - Hawaii's College Savings Program||$25|
|IDeal - Idaho College Savings Program||$25|
|MOST - Missouri's 529 College Savings Plan||$25|
|MOST - Missouri's 529 Advisor Plan||$25|
|North Carolina's National College Savings Program||$25|
|Pennsylvania TAP Guaranteed Savings Plan||$25|
|Pennsylvania 529 Direct Investment Plan||$25|
|North Dakota's College SAVE Plan||$25|
|SMART529 Select College Savings Plan||$15|
|SMART529 WV Direct College Savings Plan||$15|
|The Hartford SMART529 College Savings Plan||$15|
|iShares 529 Plan||$25|
How does Upromise keep my credit card information private and secure?
Our members' security and privacy are critically important issues for Upromise. We've made several innovations to protect your data and personal identity throughout the Upromise service.
Upromise protects your data by:
All data Upromise exchanges with contributing, financial, and technology companies is communicated over point-to-point private lines or is encrypted for transfer over public networks.
How do you ensure the safety of my password?
Upromise has developed a set of security protections to ensure that your username and password remain secure. Read more about Upromise and security.
Who can be a future college student?
Your future college student, the person for whom you are saving, can be any United States resident who wants a higher education. That includes your child, the child of a family member or friend, your spouse, a sibling, and, depending on the particular savings plan you choose, yourself. In other words, a future college student can generally be anyone whose future higher education you want to support. You can also save for multiple students at the same time.
How do I add a future student and can I save for more than one student?
The way you add a future student depends on whether you are a) the primary member saving for a student or b) helping Family & Friends save more for their students. You may save for as many students as you choose.
a) If you are the primary member saving for a student, please add the student to your account.
b) If you are helping relatives or friends save more for their students, offer to help Family & Friends save more.
When can I add a future college student?
You can add a student at any time.
When should I change my allocations?
You can change your allocations for any reason at any time. As the member who has linked their Upromise account to a 529 account for a future college student, you should review your allocations whenever you add or remove a student. Also, you may want to change allocations depending on your future college student's age and how much you have already saved.
As the member who is contributing to another member's student, you will need to change your allocations when the other member adds or removes you from the Family & Friends Network. You can also change allocations for any reason at any time.
How often can I change my allocations?
You can change allocations as often as you like. When you change allocations, the company contributions in your Upromise account will be shifted accordingly.
How do I change information about a future college student?
Simply go to the Students area of your Upromise account to update any information about a future college student.
Why would I remove a future college student?
You may want to remove a student after he or she completes a higher education degree or for a variety of other reasons.
What happens to the company contributions in my Upromise account if a future college student is removed?
The remaining company contributions in your Upromise account allocated to a future college student will revert to being unallocated when he or she is removed.
Can I still save with Upromise if my future college student wants to go to a trade or vocational school?
Yes, you can still save with Upromise if your future college student wants to go to a trade or vocational school. In addition, Upromise company contributions transferred to a linked 529 account can pay for qualified higher education expenses at any accredited post-secondary institution in the United States, including trade and vocational school.
Can I still save with Upromise if my future college student wants to go to graduate, medical, or law school?
Yes, you can still save with Upromise if your future college student wants to go to graduate, medical, or law school. In addition, Upromise company contributions transferred to a 529 account can pay for qualified higher education expenses at any accredited post-secondary institution in the United States, including graduate, medical, and law school.
What can I do with the unused company contributions in my Upromise account after my student graduates from college?
You have several options after your student completes his or her higher education. You can:
What can I do with the company contributions I've saved through Upromise if my future college student delays pursuing higher education?
You can continue to get contributions for that student if he or she thinks they will pursue higher education sometime in the future.
What is a username?
Your username, which you have chosen yourself, is the name you enter each time you log in to your Upromise account. This, combined with your password, is your unique access code to your Upromise account.
How do I change my password?
Simply go to the Profile section of your Upromise account to update your password.
I forgot my username and password. What should I do?
If you forgot both your username and password, first tell us your registered email address and we will email your username to your registered email address. Then just select the link in the email or return to Upromise to request a temporary password.
I'm having trouble with my username and password. I'm locked out - what should I do?
Your account will be locked whenever you exceed the maximum number of unsuccessful log in attempts. This policy is designed to protect your personal account from being accessed by any unauthorized party.
If you are locked out of your account, follow these steps to request a temporary password:
If you are still have trouble logging in, please call the Upromise Username and Password Hotline 1-800-587-7304.
How do I register my credit cards? Can I enter my spouse's credit cards?
To register one or more of your credit cards log in to your account, and then enter in the necessary information, being careful to enter your name and billing address exactly as they appear on your credit card statement. You'll automatically get college savings at hundreds of companies when you shop with your registered credit cards.
Please note that you may only register credit cards if you are the account holder (the credit card statement is in your name). If your spouse also has a credit card issued from your account and your card numbers are the SAME, both cards are automatically registered when one card is entered into your Upromise account. If the numbers on the cards are different, you will need to register each card separately.
How do I register my grocery or drugstore card?
To register your grocery cards, simply:
Why is there a temporary charge on the credit cards I've registered with Upromise?
When you register your credit card with Upromise, we perform a standard verification check on the card to protect you against fraud or other abuse. This may result in a temporary charge displayed on your credit card statement, usually in the amount of $1 (but it can be as much as $25). Rest assured, the amount will be reversed once we complete the authorization process, which usually takes less than 24 hours.
My credit card was rejected by Upromise. What should I do?
If your credit card was rejected by Upromise, try following these simple steps:
How do I find out my Upromise account number?
To find your Upromise account number, simply log in to your Upromise account and go to the Account Details Summary page. Your Upromise account number is located towards the top of that page in the Account Profile box.
How do I change my existing membership information?
To update your email address, mailing address, phone number or email preferences, please visit the Update Profile section in your Upromise account. To make changes to your name as it currently appears in your account, please Contact Us so that we may assist you.
How do I edit my name in my Profile?
If you have legally changed your name, typed your name incorrectly (e.g., you typed "Smiht", but it should be "Smith") or you have entered your child's name as the account owner and your own as beneficiary, please Contact Us to edit it.
How do I change my email address?
Go to the Profile section in your Upromise account to update your email address.
How do I close my Upromise account?
To close your Upromise account, please call 1-800-UPROMISE. Upromise Customer Care is available from 9:00 AM to 9:00 PM EST, Monday through Friday.
What is escheatment?
Each state has its own escheatment law which requires companies to turn over to the state property of its residents that the state deems to be unclaimed or abandoned. If your Upromise account has been dormant for a certain period of time (i.e., has not had any activity as defined by the state) or if you have a check issued by Upromise that has not been cashed after a certain period of time (in both cases, generally three to five years), Upromise is required by law to remit these unclaimed funds to the state of your last known address.
When I see 'Escheatment transfer' in My Account, what does it mean?
It means that the money in your account has been turned over to the state of your last known address due to escheatment laws.
Who should I contact if I have further questions about transfer of funds from my account due to escheatment?
You should contact the Treasurer's Office of the state where your money has been transferred. This would be the state listed in the My Account section of your Upromise account. Once money has been escheated to the state, Upromise no longer has access to these funds. Please click here for a listing of Treasurer's offices.
What is an Account Guest?
An Account Guest is someone a Upromise member authorizes to email Customer Care on the member's behalf, to get help with the member's account.
Who is eligible to be an Account Guest?
You can designate anyone over the age of 18 as an Account Guest.
What is my Account Guest authorized to do?
Your Account Guest is authorized to email Customer Care on your behalf to:
Please note that your Account Guest may only register credit cards that are in your name or the name of the Account Guest - that is, you or the Account Guest are the credit card account holder and the statement is either in your name or the Account Guest's name.
Your Account Guest is not authorized to perform any other actions on your Upromise account besides those listed above.
What is my Account Guest not authorized to do?
Your Account Guest is not authorized to take any action that would decrease your account balance, move your Upromise savings, or restrict your access to your account.
For example, your Account Guest may not:
Does my Account Guest need my username and password?
No. You should never share your username or password with anyone. For verification purposes, your Account Guest will be asked to confirm his/her relationship with you the first time he/she emails Customer Care.
How do I add an Account Guest?
To add an Account Guest, simply follow these steps:
How do I remove or change my Account Guest?
To remove or change your Account Guest, simply follow these steps:
How many account guests can I have?
Each Upromise member may only designate one Account Guest at a time.
What are company contributions?
Company contributions are rebates and other cash rewards you receive from the companies with whom you spend, and may also be redemptions of other reward currencies. Contributions may be a fixed amount or a percentage of your transaction, depending on the contributing company.
How do I register to get college savings from various stores and services?
When you join Upromise, you will see opportunities to register for savings from various stores and services.
How soon after registering my credit card with Upromise can I use the card to start receiving company contributions?
Every credit card you register with Upromise is processed to ensure it is valid. Validation and processing can take up to ten business days, after which you can start receiving company contributions with that registered card. During this validation period, you may see a temporary charge on your credit card statement. This validation is standard practice among companies taken to protect cardholders against fraud or other abuse. The amount that appears on your statement is temporary and is reversed upon completion of the authorization process. This process typically takes less than 24 hours and the amount is usually $1, although it can be as much as $25.
How are contributions deposited into my Upromise account?
We've created secure connections with every contributing company, so contributions can be automatically deposited from them into your Upromise account.
Your contributions are tracked when you:
You can view the contributions you receive by logging in to your account 24 hours a day, seven days a week.
When will I receive my contributions?
Contribution posting times vary by company. Please view When will I see my cash back? to find out when your contributions should post. We are continually working with our contributing companies to ensure the most rapid reporting and payment schedules possible.
How do I keep track of my company contributions?
You can view your company contributions by visiting your Upromise account 24 hours a day, 7 days a week.
What are pending company contributions?
When you make purchases with Upromise contributing companies, there is typically some lag time between when we receive notice of your purchase and when contributions arrive for deposit into your Upromise account. During that time, these purchases will be recorded as pending company contributions. Additionally, some company contributions are pending if a company requires a waiting period for its customers before distributing their contributions.
What is the cash value of my company contributions?
Your contributions are equivalent to the same amount in U.S. dollars.
What happens to my company contributions if I return a product I purchased?
Any company contributions associated with your original purchase will be deducted from your Upromise account.
What happens to my company contributions if my credit card is cancelled?
After contacting your credit card company, you may also want to remove the credit card information listed in the Profile section of your Upromise account. After obtaining a new card, simply update your profile with your new information.
Do company contributions ever expire? What if I don't shop with any Upromise contributing companies for several months?
Company contributions don't expire. You can get company contributions every day or sporadically, depending on the programs you are participating in. However, if your account shows no activity for 12 months, it will be considered inactive. Upromise will contact you to suggest that you reactivate your account (in other words, start getting company contributions again). If you do not respond within 60 days, we will send any company contributions remaining in your Upromise account to your most recent address on record.
Who do I contact if I have questions about my contributions from Upromise Online Shopping?
Who do I contact if I have a question about company contributions from a company program that seem to be missing or in error?
Upromise posts contribution data to your Upromise account as soon as we receive it. Contributions generally take about ten business days after you receive your purchase or service to appear as pending in your Upromise account. Transactions with some contributing companies -- such as those that bill you monthly -- may take longer, depending on the company's policies and reporting methods. If you are still missing contributions after this time, or you believe there is an error with the contributions you have received, please go here.
How can my family and friends help me save more for college?
As of 8/11/2016 the Family & Friends program will no longer be available to new members. Upromise will continue to maintain the Family & Friends program for existing members who participate in the network; however, they will no longer be able to invite new members through the program.
When are the contributions from my Family & Friends Network transferred to my Upromise account?
The family and friends contributions will be transferred to your Upromise account on a monthly basis.
Once contributions have been transferred, they are deemed to have been irrevocably given to the member whose account they have been transferred to.
Can I invite a Family & Friends member again at a later date if I remove them from my network now?
As of 8/11/2016 if you remove a Family & Friends member from your network, you will no longer be able to invite them to help you save in the future.
Can people in my Family & Friends Network view my Upromise account or personal information?
No. Members of your Family and Friends Network must access their own Upromise account in order to view contributions they have allocated toward your student. Access to your Upromise account and personal information is protected by your username and password. We recommend that you keep this information private.
How do I stop directing contributions to another member's future college student?
Go to the Profile section of your Upromise account. The students you are saving for are listed in the "Your Profile" box at the top of the page. Click "remove" next to the appropriate student. However, any contributions that were previously transferred from your account to another member's future college student, as well as contributions that are scheduled to be transferred within the following three days, will not be reallocated. Those contributions are no longer deemed to be yours and cannot be reallocated.
Can I view contributions from Family & Friends in my Upromise account?
Yes, you will be able to see contributions from your Family & Friends Network in the 'My Earnings' section of your Upromise account.
I did not receive my welcome email. What should I do?
Soon after enrolling, you should receive your welcome email. If you don't receive it, check in the Profile area of your Upromise account to ensure that you have given us your correct email address.
What kind of information will I receive in Upromise email updates?
You will receive information on contributing company promotions designed to increase your savings as well as content about preparing for college.
I have not received any Upromise account information. What should I do?
Simply log in to your Upromise account 24 hours a day, seven days a week to find out how many contributions you have earned.
How often will I receive promotions from Upromise contributing companies?
You will receive promotions from Upromise and contributing companies on a periodic basis unless you choose to not receive them.
I am not receiving email newsletters and updates. What should I do?
Check the Profile area of your Upromise account to ensure that you have given us your correct email address and that you have not opted out of any emails you would like to receive.
Where do I find details regarding adjustments reflected in my Statements & Balances?
Recent detailed information regarding your account can be found by selecting 180-Day History located in the Statements & Balances section of your Upromise Account.
Will a hardcopy of my account statement be mailed to me?
No, but you can view your Upromise account online 24 hours a day, 7 days a week.