The average 30-year fixed mortgage interest rate is 7.13% today, down -0.05% over the last week. The average rate for a 15-year fixed mortgage is 6.57%, which is an increase of 0.03% compared to a week ago. For a look at mortgage rate movement, see the chart below.
Because inflation data hasn’t been improving, the Federal Reserve has been postponing rate cuts. Though mortgage rates could still go down later in the year, housing market predictions change regularly in response to economic data, geopolitical events and more.
Today’s average mortgage rates
Today’s average mortgage rates on May. 17, 2024, compared with one week ago. We use rate data collected by Bankrate as reported by lenders across the US.
Mortgage rates change every day. Experts recommend shopping around to make sure you’re getting the lowest rate. By entering your information below, you can get a custom quote from one of CNET’s partner lenders.
About these rates: Like CNET, Bankrate is owned by Red Ventures. This tool features partner rates from lenders that you can use when comparing multiple mortgage rates.
Which mortgage term and type should I pick?
Each mortgage has a loan term, or payment schedule. The most common mortgage terms are 15 and 30 years, although 10-, 20- and 40-year mortgages also exist. With a fixed-rate mortgage, the interest rate is set for the duration of the loan, offering stability. With an adjustable-rate mortgage, the interest rate is only fixed for a certain amount of time (commonly five, seven or 10 years), after which the rate adjusts annually based on the market. Fixed-rate mortgages are a better option if you plan to live in a home in the long term, but adjustable-rate mortgages may offer lower interest rates upfront.
30-year fixed-rate mortgages
The 30-year fixed-mortgage rate average is 7.13% today. A 30-year fixed mortgage is the most common loan term. It will often have a higher interest rate than a 15-year mortgage, but you’ll have a lower monthly payment.
15-year fixed-rate mortgages
Today, the average rate for a 15-year, fixed mortgage is 6.57%. Though you’ll have a bigger monthly payment than a 30-year fixed mortgage, a 15-year loan usually comes with a lower interest rate, allowing you to pay less interest in the long run and pay off your mortgage sooner.
5/1 adjustable-rate mortgages
A 5/1 adjustable-rate mortgage has an average rate of 6.58% today. You’ll typically get a lower introductory interest rate with a 5/1 ARM in the first five years of the mortgage. But you could pay more after that period, depending on how the rate adjusts annually. If you plan to sell or refinance your house within five years, an ARM could be a good option.
What’s behind today’s high mortgage rates?
Over the last few years, high inflation and the Federal Reserve’s aggressive interest rate hikes pushed up mortgage rates from their record lows around the pandemic. Since last summer, the Fed has consistently kept the federal funds rate at 5.25% to 5.5%. Though the central bank doesn’t directly set the rates for mortgages, a high federal funds rate makes borrowing more expensive, including for home loans.
Mortgage rates change daily, but average rates have been moving between 6.5% and 7.5% since late last fall. Today’s homebuyers have less room in their budget to afford the cost of a home due to elevated mortgage rates and steep home prices. Limited housing inventory and low wage growth are also contributing to the affordability crisis and keeping mortgage demand down.
Will mortgage rates drop this year?
Most housing market experts predict rates will end the year between 6% and 6.5%. Ultimately, a more affordable mortgage market will depend on how quickly the Fed begins cutting interest rates. The central bank could start lowering interest rates in the fall, but it will depend on how the economy fares in the coming months.
Mortgage rates fluctuate for many reasons: supply, demand, inflation, monetary policy, jobs data and market expectations. Homebuyers won’t see lower rates overnight, and it’s unlikely there will ever be a return to the 2-3% mortgage rates we saw between 2000 and early 2022.
“We are expecting mortgage rates to fall to around 6.5% by the end of this year, but there’s still a lot of volatility I think we might see,” said Daryl Fairweather, chief economist at Redfin.
Every month brings a new set of inflation and labor data that can influence the direction of mortgage rates, said Odeta Kushi, deputy chief economist at First American Financial Corporation. “Ongoing inflation deceleration, a slowing economy and even geopolitical uncertainty can contribute to lower mortgage rates. On the other hand, data that signals upside risk to inflation may result in higher rates,” Kushi said.
Here’s a look at where some major housing authorities expect average mortgage rates to land.
Calculate your monthly mortgage payment
Getting a mortgage should always depend on your financial situation and long-term goals. The most important thing is to make a budget and try to stay within your means. CNET’s mortgage calculator below can help homebuyers prepare for monthly mortgage payments.
How can I find the best mortgage rates?
Though mortgage rates and home prices are high, the housing market won’t be unaffordable forever. It’s always a good time to save for a down payment and improve your credit score to help you secure a competitive mortgage rate when the time is right.
Save for a bigger down payment: Though a 20% down payment isn’t required, a larger upfront payment means taking out a smaller mortgage, which will help you save in interest.
Boost your credit score: You can qualify for a conventional mortgage with a 620 credit score, but a higher score of at least 740 will get you better rates.
Pay off debt: Experts recommend a debt-to-income ratio of 36% or less to help you qualify for the best rates. Not carrying other debt will put you in a better position to handle your monthly payments.
Research loans and assistance: Government-sponsored loans have more flexible borrowing requirements than conventional loans. Some government-sponsored or private programs can also help with your down payment and closing costs.
Shop around for lenders: Researching and comparing multiple loan offers from different lenders can help you secure the lowest mortgage rate for your situation.
Nestled along the picturesque Connecticut River, Holyoke, MA boasts a rich industrial history and easy access to the great outdoors. With its stunning Victorian architecture, vibrant downtown area, and an abundance of green spaces, Holyoke offers a unique blend of urban amenities and small-town charm. Residents here enjoy a close-knit community, diverse dining options, and easy access to outdoor recreational activities. Whether you’re looking for an apartment in Holyoke or a spacious house to rent, there’s a place for everyone here.
In this Apartment Guide article, we’ll cut to the chase, breaking down the pros and cons of moving to Holyoke. Let’s get started and see what awaits in this gem of a city.
Pro: Affordable cost of living
One of the major advantages of living in Holyoke is its affordable cost of living. The city offers reasonably priced housing options, making it an attractive destination for individuals and families looking to settle down without breaking the bank. The average rent for a 2 bedroom apartment is $734. This is much lower than the national average rent of $1,987. Additionally, the overall cost of goods and services in Holyoke is relatively lower compared to other cities in Massachusetts, allowing residents to enjoy a comfortable lifestyle without the financial strain.
Con: Limited job opportunities
One of the challenges of living in Holyoke is the limited job opportunities available within the city. While the area has a strong industrial history, the job market may not offer as many diverse career options compared to larger metropolitan areas. Major employers in Holyoke include the colleges and universities in the area as well as the Holyoke Medical Center. Residents may need to commute to neighboring cities for employment opportunities, which can impact work-life balance and daily routines.
Pro: Access to outdoor recreation
Residents of Holyoke have easy access to outdoor recreational opportunities. The city is situated near the scenic Mount Tom State Reservation, offering hiking trails, picnic areas, and stunning views of the Connecticut River Valley. The nearby Holyoke Range State Park provides additional opportunities for outdoor enthusiasts to engage in activities such as mountain biking, birdwatching, and nature exploration. The abundance of green spaces and natural beauty enhances the quality of life for residents.
Con: Harsh winters
Holyoke experiences harsh winters, with cold temperatures and significant snowfall during the winter months. On average, the city gets more than 4 feet of snow annually. The inclement weather conditions can pose challenges for residents, including snow removal, icy roadways, and seasonal maintenance. While the city embraces the winter season with outdoor activities and festive events, the prolonged cold weather may not be suitable for individuals who prefer milder climates.
Pro: Diverse culinary scene
Holyoke boasts a diverse culinary scene, with a wide range of dining options to suit every palate. From authentic Puerto Rican cuisine at El Chinchorro Boricua to trendy cafes and international restaurants, residents can indulge in a variety of culinary experiences. The city’s food festivals and farmers’ markets also contribute to the vibrant food culture, allowing residents to savor fresh, locally sourced ingredients and support the community’s culinary entrepreneurs.
Con: Limited nightlife options
Residents seeking a vibrant nightlife scene may find that Holyoke offers limited options for evening entertainment. While the city has local bars, pubs, and cultural venues, the nightlife may not be as bustling as in larger urban centers. Individuals looking for a bustling nightlife with a wide array of late-night activities may need to explore neighboring cities for additional options.
Pro: Rich cultural heritage
Holyoke is steeped in history and boasts a rich cultural heritage. The city is home to the Wistariahurst Museum, a historic house museum that offers a glimpse into the area’s past. Residents can also explore the Holyoke Canal System, a National Historic Landmark, and learn about the city’s industrial history. The vibrant arts scene, including the Holyoke Creative Arts Center and Paper City Studios, provides ample opportunities for residents to engage with and appreciate the local culture.
Con: Limited retail and shopping options
While Holyoke offers a variety of local businesses and specialty stores, the city may have limited chain retail and shopping options compared to larger commercial centers. Residents seeking extensive shopping malls, major retail chains, or luxury boutiques may need to travel to nearby cities for a broader selection of consumer goods. The limited retail landscape may impact the convenience and variety of shopping experiences for residents.
Pro: Educational opportunities
Holyoke is home to educational institutions such as Mount Holyoke College, Holyoke Community College, and the Massachusetts Green High Performance Computing Center, providing residents with access to diverse learning opportunities and resources. The city’s commitment to education is evident through initiatives that support lifelong learning, workforce development, and academic enrichment, making it an ideal place for individuals seeking personal and professional growth.
Con: Limited cultural amenities
While Holyoke has a rich cultural heritage, the city may have limited cultural amenities compared to larger metropolitan areas. Residents seeking a wide array of museums, performing arts centers, and cultural institutions may find that Holyoke’s cultural offerings are more modest in scale. Individuals with a strong interest in diverse cultural experiences may need to explore nearby cities to fulfill their cultural pursuits.
Pro: Convenient transportation options
Holyoke provides convenient transportation options for residents, including access to public transit, bike-friendly infrastructure, and walkable neighborhoods. The city’s proximity to major highways and rail lines facilitates easy commuting to neighboring areas, while the PVTA bus system offers reliable and accessible public transportation within the city and beyond. Additionally, the development of pedestrian-friendly pathways and bike lanes promotes sustainable and active modes of transportation.
David Papazian/ Getty Images; Illustration by Austin Courregé/Bankrate
Key takeaways
A mortgage is a long-term loan from a financial institution that helps you purchase a home, with the home itself serving as collateral.
Mortgage payments typically consist of principal (the amount borrowed), interest, property taxes and homeowners insurance. They can also include mortgage insurance.
There are several types of mortgages, including conforming conventional loans, jumbo loans, FHA and VA loans.
When comparing mortgage offers, it’s important to consider the loan type, loan term, interest rate and the total associated fees.
Taking out a mortgage is the biggest financial obligation most of us will ever assume. So it’s essential to understand what you’re signing on for when you borrow money to buy or build a house.
What is a mortgage, exactly? We’ll define it and explain other mortgage-related terms so you can feel confident before applying for a home loan.
What is a mortgage?
A mortgage is a long-term loan used to buy a house. Mortgages are offered with a variety of terms — the length of time to repay the loan — but they usually range between eight and 30 years. You repay your mortgage in monthly installments, which typically include both interest and principal payments (although interest-only mortgages also exist), as well as escrow payments to cover property taxes and homeowners insurance.
How does a mortgage work?
When you get a mortgage, you have a set loan term to repay the debt as well as a total loan amount to repay. The majority of your monthly payment consists of interest and principal, also known as your loan balance.
“Each month, part of your monthly mortgage payment will go toward paying off that principal, or mortgage balance, and part will go toward interest on the loan,” explains Robert Kirkland, a mortgage industry pro-turned-financial advisor with Preal Haley & Associates in Greenbelt, Maryland. As the loan is paid off, a larger portion of the payment will go towards principal.
Most mortgages are fully amortized, meaning they’re repaid in installments — regular, equal (usually) payments on a set schedule, with the last payment paying off the loan at the end of the term. The exception to this is the uncommon balloon mortgage, where you pay a lump-sum at the end of the loan term.
Mortgages are also secured loans, meaning that they are backed by collateral — in this case, your home. If you default on your mortgage — fail to make payments — your home can enter into foreclosure and your lender can reclaim it.
While you may feel a home is yours, “you don’t technically own the property until your mortgage loan is fully paid,” says Bill Packer, COO of Longbridge Financial in Paramus, New Jersey. “Typically, you will also sign a promissory note at closing, which is your personal pledge to repay the loan.”
Types of mortgages
There are several types of mortgages available to borrowers.
Conventional loans – A conventional mortgage is not backed by the government or government agency; instead, it is made and guaranteed through a private-sector lender (bank, credit union, mortgage company).
Jumbo loans – A jumbo loan exceeds the size limits set by U.S. government agencies and has stricter underwriting guidelines. These loans are sometimes needed for high-priced properties — those well above half a million dollars.
Government-insured loans – These include VA loans, USDA loans, and FHA loans, and have more relaxed borrower qualifications than many privately-backed mortgages.
Fixed-rate mortgages – Fixed-rate mortgages have a set interest rate that remains the same for the life of the loan (terms are commonly 30, 20, or 15 years).
Adjustable-rate mortgages – An adjustable-rate mortgage (ARM) has interest rates that fluctuate, following general interest-rate movements and financial market conditions. Often there’s an initial fixed-rate period for the loan’s first few years, and then the variable rate kicks in for the remainder of the loan term. For example, “in a 5/1 ARM, the ‘5’ stands for an initial five-year period during which the interest rate remains fixed while the ‘1’ indicates that the interest rate is subject to adjustment once per year” thereafter,” Kirkland notes.
Conventional fixed-rate mortgages are by far the most common type of home loan.
What is included in a mortgage payment?
There are four core components of a mortgage payment: the principal, interest, taxes, and insurance, collectively referred to as “PITI.” There can be other costs included in the payment, as well.
Principal – The specific amount of money you borrow from a mortgage lender to purchase a home. If you were to buy a $400,000 home, for instance, and take out a loan in the amount of $350,000 then your loan principal is $350,000.
Interest – Interest is what the lender charges you to borrow that money; it’s the “cost” of the loan. Expressed as a percentage, the interest is based on the loan principal.
Property taxes – Your lender typically collects the property taxes associated with the home as part of your monthly mortgage payment. The money is usually held in an escrow account, which the lender will use to pay your property tax bill when the taxes are due.
Homeowners insurance – Homeowners insurance provides you and your lender a level of protection in the event of a disaster, fire or other accident that impacts your property. Often, your lender collects the insurance premiums as part of your monthly mortgage bill, places the money in escrow, and makes the payments to the insurance provider for you when the premiums are due.
Mortgage insurance – Your monthly payment might also include a fee for private mortgage insurance (PMI). For a conventional loan, this type of insurance is required when a buyer makes a down payment of less than 20 percent of the home’s purchase price.
You don’t technically own the property until your mortgage loan is fully paid.
— Bill Packer, COO at Longbridge Financial
How to compare mortgage offers
To find the mortgage that fits you best, assess your financial health, including your income, credit history and score, and assets and savings. Spend some time shopping around with different mortgage lenders, as well.
“Some have more stringent guidelines than others,” Kirkland says. “Some lenders might require a 20 percent down payment, while others require as little as 3 percent of the home’s purchase price.”
“Even if you have a preferred lender in mind, go to two or three lenders — or even more — and make sure you’re fully surveying your options,” Packer says. “A tenth of a percent on interest rates may not seem like a lot, but it can translate to thousands of dollars over the life of the loan.”
As you compare offers, consider the full scope of its features. Here are the main parts of offers you should weigh:
The interest rate and APR: The interest rate is your charge for borrowing, a percentage of the loan principal. The annual percentage rate (APR) includes the mortgage interest rate plus additional loan fees, representing the total cost of your loan.
Type of rate: Are you looking at a variable rate that will adjust after a certain period, or will it stay fixed over the life of the loan?
Loan term: How long it will take to pay off the mortgage. Note: longer-term loans allow for lower monthly payments, but you’ll pay more in interest over the course of the loan.
Fees: Some lenders charge fees that other lenders don’t, such as origination fees, application fees and prepayment penalties. Always understand the scope and cost of these fees when comparing offers.
Key mortgage terms to know
Amortization: Amortization describes the process of paying off a loan, such as a mortgage, in installment payments over a period of time. Part of each payment goes toward the principal, or the amount borrowed, while the other portion goes toward interest.
APR: An APR or annual percentage rate reflects the yearly cost of borrowing the money for a mortgage. A broader measure than the interest rate alone, the APR includes the interest rate, discount points and other fees that come with the loan.
Down payment: The down payment is the amount of a home’s purchase price a homebuyer pays upfront. Buyers typically put down a percentage of the home’s value as the down payment, then borrow the rest in the form of a mortgage. A larger down payment can help improve a borrower’s chances of getting a lower interest rate. Different kinds of mortgages have varying minimum down payments.
Escrow: An escrow account holds the portion of a borrower’s monthly mortgage payment that covers homeowners insurance premiums and property taxes. Escrow accounts also hold the earnest money the buyer deposits between the time their offer has been accepted and the closing.
Interest rate: The interest rate on a mortgage is the fee you pay for the borrowed sum. Either fixed or variable, it’s expressed as a percentage of the loan principal.
Mortgage servicer: A mortgage servicer is the company that handles your mortgage statements and all day-to-day tasks related to managing your loan after it closes. For example, the servicer collects your payments and, if you have an escrow account, ensures that your taxes and insurance are paid on time.
Private mortgage insurance: Private mortgage insurance (PMI) is a form of insurance taken out by the lender but typically paid for by you, the borrower, when your loan-to-value (LTV) ratio is greater than 80 percent (meaning you put down less than 20 percent as a down payment). If you default and the lender has to foreclose, PMI covers some of the shortfall between what they can sell your property for and what you still owe on the mortgage.
Promissory note: The promissory note is a legal document that obligates a borrower to repay a specified sum of money over a specified period under particular terms. These details are outlined in the note.
Underwriting: Mortgage underwriting is the process by which a bank or mortgage lender assesses the risk of lending to a particular individual. The underwriting process requires an application and takes into account factors like the prospective borrower’s credit report and score, income, debt and the value of the property they intend to buy. Many lenders follow standard underwriting guidelines from Fannie Mae and Freddie Mac when determining whether to approve a loan.
Next steps on getting a mortgage
Now that you’re familiar with how mortgages work, you can take steps toward getting your own — which may include working on your credit or saving for a down payment. When your credit and finances are in order, you can get preapproved for a mortgage and start house hunting.
After you make an offer (and the seller accepts), you can officially apply for a mortgage. The process involves a lot of paperwork and takes, on average, several weeks.
Frequently asked questions about mortgages
As of early May 2024, the average interest rate for a 30-year, fixed-rate mortgage is 7.37 percent. The spring homebuying season has favored sellers, as stubbornly-high inflation keeps 7 percent mortgages and record home prices firmly in place. Bankrate’s experts weigh in weekly on rate trends.
“Conforming” refers to a conforming loan, a mortgage eligible to be purchased by Fannie Mae or Freddie Mac, the government-sponsored enterprises (GSEs) integral to the mortgage market in the U.S. Fannie Mae and Freddie Mac buy loans from lenders to create mortgage-backed securities (MBS) for the secondary mortgage market. A loan that “conforms” meets certain standards set by the Federal Housing Finance Agency (FHFA). These standards have set limits and guidelines for borrower credit profiles, down payments, loan amount and property types.
A “non-conforming” loan or mortgage doesn’t meet (or “conform to”) the requirements that allow it to be purchased by Fannie Mae or Freddie Mac. One example of a non-conforming loan is a jumbo loan. Government-backed loans, like those insured by the FHA or VA, are another example.
Today’s average mortgage rates on May. 17, 2024, compared with one week ago. We use rate data collected by Bankrate as reported by lenders across the US.
Mortgage refinance rates change every day. Experts recommend shopping around to make sure you’re getting the lowest rate. By entering your information below, you can get a custom quote from one of CNET’s partner lenders.
About these rates: Like CNET, Bankrate is owned by Red Ventures. This tool features partner rates from lenders that you can use when comparing multiple mortgage rates.
Today’s refinance rate trends
A vast majority of US homeowners already have mortgages with a rate below 6%. Because mortgage refinance rates have been averaging above 6.5% over the past several months, households are choosing to hold on to their existing mortgages instead of swapping them out with a new home loan.
If rates fell to 6%, at least a third of borrowers who took out mortgages in 2023 could reduce their rate by a full percentage point through a refinance, according to BlackKnight.
Refinancing in today’s market could make sense if you have a rate above 8%, said Logan Mohtashami, lead analyst at HousingWire. “However, with all refinancing options, it’s a personal financial choice because of the cost that goes with the loan process,” he said.
What to expect from refinance rates this year
Mortgage rates have been sky-high over the last two years, largely as a result of the Federal Reserve’s aggressive attempt to tame inflation by spiking interest rates. Experts say that decelerating inflation and the Fed’s projected interest rate cuts should help stabilize mortgage interest rates by the end of 2024. But the timing of Fed cuts will depend on incoming economic data and the response of the market.
For homeowners looking to refinance, remember that you can’t time the economy: Interest rates fluctuate on an hourly, daily and weekly basis, and are influenced by an array of factors. Your best move is to keep an eye on day-to-day rate changes and have a game plan on how to capitalize on a big enough percentage drop, said Matt Graham of Mortgage News Daily.
Refinancing 101
When you refinance your mortgage, you take out another home loan that pays off your initial mortgage. With a traditional refinance, your new home loan will have a different term and/or interest rate. With a cash-out refinance, you’ll tap into your equity with a new loan that’s bigger than your existing mortgage balance, allowing you to pocket the difference in cash.
Refinancing can be a great financial move if you score a low rate or can pay off your home loan in less time, but consider whether it’s the right choice for you. Reducing your interest rate by 1% or more is an incentive to refinance, allowing you to cut your monthly payment significantly.
How to select the right refinance type and term
The rates advertised online often require specific conditions for eligibility. Your personal interest rate will be influenced by market conditions as well as your specific credit history, financial profile and application. Having a high credit score, a low credit utilization ratio and a history of consistent and on-time payments will generally help you get the best interest rates.
30-year fixed-rate refinance
The average 30-year fixed refinance rate right now is 7.20%, a decrease of 0 basis point from what we saw one week ago. (A basis point is equivalent to 0.01%.) A 30-year fixed refinance will typically have lower monthly payments than a 15-year or 10-year refinance, but it will take you longer to pay off and typically cost you more in interest over the long term.
15-year fixed-rate refinance
For 15-year fixed refinances, the average rate is currently at 6.70%, an increase of 12 basis points over last week. Though a 15-year fixed refinance will most likely raise your monthly payment compared to a 30-year loan, you’ll save more money over time because you’re paying off your loan quicker. Also, 15-year refinance rates are typically lower than 30-year refinance rates, which will help you save more in the long run.
10-year fixed-rate refinance
The current average interest rate for a 10-year refinance is 6.69%, an increase of 28 basis points compared to one week ago. A 10-year refinance typically has the lowest interest rate but the highest monthly payment of all refinance terms. A 10-year refinance can help you pay off your house much quicker and save on interest, but make sure you can afford the steeper monthly payment.
To get the best refinance rates, make your application as strong as possible by getting your finances in order, using credit responsibly and monitoring your credit regularly. And don’t forget to speak with multiple lenders and shop around.
When to consider a mortgage refinance
Homeowners usually refinance to save money, but there are other reasons to do so. Here are the most common reasons homeowners refinance:
To get a lower interest rate: If you can secure a rate that’s at least 1% lower than the one on your current mortgage, it could make sense to refinance.
To switch the type of mortgage: If you have an adjustable-rate mortgage and want greater security, you could refinance to a fixed-rate mortgage.
To eliminate mortgage insurance: If you have an FHA loan that requires mortgage insurance, you can refinance to a conventional loan once you have 20% equity.
To change the length of a loan term: Refinancing to a longer loan term could lower your monthly payment. Refinancing to a shorter term will save you interest in the long run.
To tap into your equity through a cash-out refinance: If you replace your mortgage with a larger loan, you can receive the difference in cash to cover a large expense.
To take someone off the mortgage: In case of divorce, you can apply for a new home loan in just your name and use the funds to pay off your existing mortgage.
Did you know that there are many ways to get an instant sign up bonus? Making extra money has become simpler because of many apps and websites that give you instant bonuses just for signing up. These sites and apps give a nice extra money boost when you create an account, and they have different…
Did you know that there are many ways to get an instant sign up bonus?
Making extra money has become simpler because of many apps and websites that give you instant bonuses just for signing up. These sites and apps give a nice extra money boost when you create an account, and they have different rewards like cash, points for gift cards, or discounts.
Whether you’re doing surveys, shopping online, or investing, the bonus you get when you sign up can be a good reason to try out a new service.
I have earned many, many instant sign-up bonuses over the years, so I know this is a real way to make extra money.
Best Ways To Get an Instant Sign up Bonus
Below, you will see the different ways you can get instant sign-up bonuses from the best sign-up bonus apps.
Here are my quick picks to get started with:
1. Swagbucks
Swagbucks is one of the top sites to start with if you want to earn free gift cards to your favorite places, such as Target, Amazon, Walmart, Visa, and more. They also have an instant sign-up bonus of $10.
Swagbucks is a website where you can earn points (they call them “SB”) by doing tasks like searching around on the internet, watching quick videos, using their cash back shopping deals, and answering surveys.
I’ve been using Swagbucks for years, and in that time, I’ve personally earned over 110 free gift cards. It’s easy to earn points, and the website is very easy to use as well.
Here’s how the Swagbucks instant sign-up bonus works: To get the bonus, you need to activate it in the SwagUps section of your account. You’ll receive a 1000 SB bonus, equivalent to $10, when you spend at least $25 at a store listed on Swagbucks.com/Shop. You must earn a minimum of 25 SB from this purchase, and it must be completed within 30 days of registering your account.
Please click here to sign up for and use Swagbucks (and receive a $10 bonus).
2. Fetch Rewards
Fetch Rewards is a phone app (which I use regularly!) where you earn points by scanning receipts from grocery stores. You can use these points to get gift cards for Target, Amazon, Starbucks, and other places.
Plus, you’ll get a 1,000 point sign-up bonus for using the code “HD4YXY” when signing up.
I personally use Fetch Rewards every time I go grocery shopping (I use it at least a couple of times a week), as it’s one of the easiest tools to use to earn points. I just shop like I normally do, and once I get home (or once I get back to my car), I open the Fetch Rewards app on my phone and take a picture of my receipt.
After you scan a receipt using Fetch Rewards, the app quickly adds points to my account. It doesn’t matter what I buy at the grocery store – I can still earn points.
You can sign up for Fetch Rewards by clicking here.
3. Marcus (high yield savings account)
A high-yield bank account is a special type of savings account that earns a higher interest rate compared to a regular savings account. This means your money grows faster over time.
If you are looking for a new place to save your money other than the low amount that your bank is giving you, then this is an option to look into. Now, you don’t typically get a debit card with this kind of account (this is not a checking account), but you do get a much higher interest rate.
For example, if you have $10,000 saved, you could earn $540 with a high-yield savings account in a year. Whereas with normal banks, your earnings would only be $46. That is a huge difference.
I personally use Marcus by Goldman Sachs as they have a very high rate. You can get up to 5.40% (at the time of this writing) through my referral link bonus. Plus, there are no monthly fees.
With Marcus, you can earn an extra 1.00% on top of the high-yield rate on Marcus’ Online Savings Account by signing up today. I actually signed up for Marcus last year and received this sign-up bonus myself, so I know that it is real. An extra 1.00% as an instant sign-up bonus is a no-brainer!
You can join Marcus by Goldman Sachs and get the new account bonus by clicking here.
4. InboxDollars
InboxDollars is a rewards website where you earn points by answering online surveys, watching short video clips, playing online games, and doing other activities.
The points that you earn can be redeemed for gift cards to places such as Amazon, Walmart, Apple, Target, Starbucks, Lowe’s, and more.
You can join InboxDollars and get a free $5 sign-up bonus.
5. Survey Junkie
Survey Junkie is a popular platform where you can earn extra money for sharing your thoughts in online surveys.
By answering three surveys daily on Survey Junkie, you can earn about $40 per month in free gift cards and PayPal cash.
The sign-up bonus on Survey Junkie often changes. Here’s one I recently saw: You’ve been selected for a $5 bonus starting tomorrow called the “May Day Bonus.” To earn this bonus, you need to complete 3 surveys per day for a total of 7 days between May 1 and May 13. Each survey must be worth 20 points or more. On average, members earn $25 in rewards during bonus events like this.
Please click here to sign up for Survey Junkie.
6. Branded Surveys
Branded Surveys is a survey platform where you earn points by answering questions. You can use these points to get free gift cards or PayPal money.
The surveys on Branded Surveys usually take 5 to 15 minutes to finish and pay between $0.50 and $5.00 each.
They currently have a 100 point welcome bonus for signing up.
You can sign up for Branded Surveys here.
7. Upside
Upside is a cash back rewards app for fuel (gas, diesel, etc.) purchases at a gas station.
When you use the app to locate and buy gas at participating stations, you can earn cash back that can be redeemed for gift cards.
Plus, when you use the app for the first time, you can earn a higher cash back amount to help you get acquainted with it. In my first use of the app, I received $0.74 back per gallon. I purchased 12.62 gallons of gas and saved $9.33 just by using the app for the first time. This was a large cash bonus, and it won’t always be this high, but it was definitely still nice to get.
This welcome bonus was really nice and easy to use!
You can sign up for Upside here.
8. Ibotta
Ibotta is an app that gives you cash back for shopping, especially at grocery stores. After you shop, simply upload your receipts to earn cash back. You can use this cash back for free gift cards to places like Walmart, CVS, Amazon, DoorDash, and Target, or you can transfer it to your bank account or PayPal.
Here’s how Ibotta works:
Download the Ibotta app – Get the app on your phone.
Check available offers – Before you shop, look for offers on specific items like crackers or fruit.
Shop and scan – After shopping, scan your receipt in the app to earn points.
Plus, you can use the code “XWRAFGT” to get $5 after you submit your first receipt to Ibotta as a bonus for being a new member.
You can join Ibotta here.
9. Rakuten
Rakuten has an easy way to earn cash back on purchases from over 3,500 stores. When you buy something, a percentage of your purchase comes back to you as cash. Your earnings can be sent to you by check or PayPal.
With Rakuten, you can earn up to an additional 10% cash back on purchases made within your first 7 days of using the service.
When I first signed up for Rakuten, it was due to me receiving a welcome bonus. And, I know many others who have received this new member bonus too.
You can join Rakuten by clicking here.
10. Prime Opinion
Prime Opinion is a survey website where you can earn money by sharing your opinions from home. It’s a legitimate platform with many surveys available to complete – currently, there are over 40 different surveys listed in my personal dashboard when I log in.
Your points can be used toward free gift cards and PayPal cash.
Currently, you can sign up and get up to a $5 free bonus with Prime Opinion.
Click here to join Prime Opinion.
11. MoneyLion
MoneyLion is a finance app that has many features, such as the ability to get quick cash of up to $500, a tool that will help you to build your credit, another that will help you invest, and more.
MoneyLion also has a $5 instant sign-up bonus after you open an account.
12. MyPoints
MyPoints is an app that allows you to earn rewards by scanning receipts, answering surveys, watching videos, and shopping online. You can earn points by scanning your receipts and then redeem them for gift cards or cash.
To get started with MyPoints, visit their website and go to the “Magic Receipts” section. From there, you can snap a picture of any receipt from stores like grocery stores, warehouse clubs, drugstores, clothing stores, restaurants, and more.
When you sign up for MyPoints, you can receive a $10 welcome bonus. Here’s how it works: Spend $20 or more (excluding taxes and shipping) on any shop merchant through the MyPoints site or MyPoints emails within your first 30 days of membership. They’ll credit your account with 1,750 Points, which you can redeem for a $10 gift card of your choice.
Please click here to sign up for MyPoints.
13. InboxDollars
InboxDollars is a rewards platform that has many ways for you to earn points, such as taking surveys (earn between $0.50 and $5.00 for each one), reading emails, playing online games, and watching videos.
With InboxDollars, you can receive free gift cards to places like Target, Amazon, PayPal, iTunes, Apple, and many others.
Plus, you can get a $5 sign-up bonus when joining.
By signing up for InboxDollars, you can receive a free $5 too.
14. Cash App
Cash App is a mobile payment service that allows you to send money to friends and family. When you sign up for Cash App, you might receive an instant sign-up bonus too.
You’ll have to find a referral code from a friend who already uses Cash App. Then, sign up using this code and send $5 to another Cash App user. By doing this, you’ll receive a $5 bonus. It’s like getting free money just for trying out the app that you probably are already looking to use.
15. BeFrugal
BeFrugal is a cash back site that lets you earn money just by doing your regular shopping.
You can get up to 40% cash back at over 5,000 different stores. And, your cash payout is via check, PayPal, direct deposit, Zelle, Venmo, or gift card.
Plus, you can join for free and get a $10 bonus as a welcome.
You can sign up for BeFrugal here.
16. Fundrise
Investing in real estate can seem challenging, but with Fundrise, you can start a little more easily. When you join Fundrise, you can invest in properties across the USA without the hassle of being a landlord.
Plus, you can begin with a small amount of money.
When you sign up with Fundrise, you sometimes get a bonus.
You can sign up for Fundrise here.
17. Robinhood
Robinhood is a website where people can buy and sell stocks, ETFs, options, and more (like crypto) without having to pay high fees. This app was made to help more people start investing easily and have an investment portfolio, especially those who are new to it.
Robinhood gives new users different sign-up bonuses to get them started with trading in the stock market.
The bonus varies depending on when you sign up. But, some examples include:
$25 when you deposit $1,000+
$250 when you deposit $10,000+
$1,000 when you deposit $50,000+
Or, sometimes you can earn a bonus by moving your brokerage account from another company to Robinhood. Whether you transfer $10,000 or $1 million, they’ll give you a bonus equal to 1% of the amount you transfer, and there’s no limit on how much you can earn (Robinhood states this disclosure, “To keep the bonus, you must keep the money you transfer into Robinhood in your Robinhood individual brokerage account for at least 2 years.”).
18. Acorns
Acorns is a micro-investment app, meaning you can buy small pieces of stocks instead of full shares, which makes investing easier.
With Acorns, you can connect your debit and credit cards. It rounds up your transactions to the nearest dollar and invests the spare change.
Acorns typically gives a $5 welcome bonus to new users.
You can click here to sign up for Acorns.
Frequently Asked Questions
Below are answers to common questions about the best sites and apps for an instant sign-up bonus.
Do any apps actually give you money?
Yes, some apps do give you real money just for signing up. These apps range from survey platforms to financial services, and they use sign-up bonuses to get more people to sign up and try out their service or product.
What app gives you money instantly for signing up?
Apps that give you money instantly for signing up include Fetch Rewards, Swagbucks, Rakuten, Upside, Cash App, and more. Many apps pay you money to sign up because it makes their app look more appealing.
Which app gives the highest sign up bonus?
While sign-up bonuses change all the time, financial apps tend to have higher sign-up bonuses for new users.
Why do sites give a sign up bonus?
Sites give a sign-up bonus to encourage new users to join their site or app. It’s a marketing strategy that benefits both the company and you – they gain a new customer, and you get extra cash or rewards.
Do banks have sign up bonuses?
Yes, banks like Wells Fargo and Chase sometimes have sign-up bonuses for new members who have a qualifying direct deposit.
How To Get an Instant Sign up Bonus
I hope you enjoyed this article on the best ways to get an instant sign-up bonus.
Certain apps like Swagbucks and Cash App give you instant cash bonuses, while others like Fetch Rewards or BeFrugal reward you with points or cash back when you use their platforms for shopping. Investment apps like Fundrise or Acorns also have sign-up rewards, such as a free stock or investment credit.
Here’s a quick list of my favorite ways to get an instant sign-up bonus:
I have earned many instant sign-up bonuses over the years from many different apps and sites, so I know that this is real. While the sign-up bonuses won’t make you rich, they can be enticing and get you to try something new.
What is your favorite way to get an instant sign up bonus?
From 2010 to 2024, the reverse mortgage industry sought to allow remote reverse mortgage counseling in the state of Massachusetts, citing an insufficient number of actual counselors and logistical challenges for senior clients.
But as time dragged on and state lawmakers seemed unwilling to seriously entertain the proposal, the ravages of the COVID-19 coronavirus pandemic helped to change the dynamics of the situation.
RMD has been covering the situation for much of that time period, including the exacerbation of the pandemic and the urgency it created for the business in the state, up through the various efforts to pass a law allowing for a permanent exception that would permit remote counseling.
Early days
In late April 2010, the Massachusetts State Senate introduced legislation requiring in-person reverse mortgage counseling.
Sponsored by the Senate’s Joint Committee on Housing and Urban Development, the law prohibited the origination of a reverse mortgage unless the borrower “affirmatively opts in writing for the reverse mortgage and has received certification from a counselor with a third party organization,” and in person, on the suitability of the loan.
George Downey, regional SVP at The Federal Savings Bank in Braintree, Mass.
” data-image-caption=”
George Downey
” data-medium-file=”https://www.housingwire.com/wp-content/uploads/2024/05/georgedowney_federalsavingsbank2023.jpg?w=300″ data-large-file=”https://www.housingwire.com/wp-content/uploads/2024/05/georgedowney_federalsavingsbank2023.jpg?w=450″ src=”https://www.housingwire.com/wp-content/uploads/2024/05/georgedowney_federalsavingsbank2023.jpg” alt=”George Downey, regional SVP at The Federal Savings Bank in Braintree, Mass.” class=”wp-image-461043″ srcset=”https://www.housingwire.com/wp-content/uploads/2024/05/georgedowney_federalsavingsbank2023.jpg 450w, https://www.housingwire.com/wp-content/uploads/2024/05/georgedowney_federalsavingsbank2023.jpg?resize=150,150 150w, https://www.housingwire.com/wp-content/uploads/2024/05/georgedowney_federalsavingsbank2023.jpg?resize=300,300 300w” sizes=”(max-width: 450px) 100vw, 450px”>George Downey
The bill ultimately passed on May 4 of that year under unanimous consent. Sponsored primarily by then-Sen. Susan Tucker (D), she told outlet ItemLive that the situation for reverse mortgages in the state amounted to a “Wild West” for seniors.
She recounted that “she’d heard story after story of sad people selling annuities and convincing people to take on reverse mortgages at a huge commission,” according to RMD’s reporting on the law’s passage by publication founder John Yedinak.
In subsequent interviews, George Downey — a leading reverse mortgage professional in the state and longtime advocate for relaxing the strict in-person counseling requirement — explained to RMD that the legislation came about from good intentions: A community activist sought to ensure that more seniors would be protected from potentially being “duped” into getting a loan they may not need.
’Logistically difficult’
Industry reactions at the time were swift. Originators were concerned about how the law would limit business, and a communications representative for the Massachusetts Bankers Association highlighted issues that people in the state would later say came to fruition. “The proposed change would be logistically difficult,” Yedinak reported in May 2010.
“Especially for people in rural areas, and for those with limited mobility, [the rep] said in-person counseling could be a challenge. And he said the organizations that do the counseling would have to ramp up their staffing to handle more in-person contact.”
In August 2010, the restriction was tightened further to apply to anyone meeting the label of a “low-income senior.” At the time, the National Reverse Mortgage Lenders Association (NRMLA) told RMD that of the 3,600 counseling sessions in Massachusetts in 2009, “approximately 130 of those being face-to-face, equaling a 96 percent opt-out rate for face-to-face counseling,” RMD reported. “Based on a recent ‘mystery shopping’ experiment, the association found only eight agency-approved face-to-face counselors in the entire state.”
That number would dwindle further in the following decade to roughly five. While industry advocates were successful in delaying the requirement to 2014, that would not improve the trajectory of available counselors.
COVID-19 changes the dynamics
After an attempt to delay the implementation of the rule to 2016 failed, the rule went into full effect in 2014. Stories of business challenges immediately followed.
“[W]e have this mandated face-to-face counseling but there are many seniors not able to get the counseling, and so we continue to fight the fight,” Downey told RMD in 2015.
While former Massachusetts Rep. Paul Brodeur (D) had introduced legislation to roll back the in-person requirement shortly after its passage, legislation to that effect never materialized. At that point, Brodeur handed the issue off to his successor in the state’s 32nd Middlesex, Rep. Kate Lipper-Garabedian (D), who took office in 2019.
As the requirement persisted into early 2020, the onslaught of the COVID-19 pandemic — and its ability to cause more serious illness for seniors — would directly clash with a slew of mandates that restricted in-person business from taking place. The combination of the in-person reverse mortgage counseling requirement and the mandates restricting in-person business effectively stalled any reverse mortgage business in the state.
“Of course, everything was shut down,” Downey said in an interview with RMD. “People were working remotely and the mandate for in-person counseling was effectively neutralized, because people were not able to go out and to do it.”
Legislative action relaxing the in-person requirement on a temporary basis came swiftly, but it still wasn’t quite enough to do away entirely with the requirement that created logistical challenges for seniors in getting to their counseling appointments. It would still be four years before a permanent solution was placed onto the books.
Road to a permanent fix
Paul Brodeur was elected mayor of Melrose, Massachusetts — situated in the Greater Boston metropolitan area — in November 2019. Prior to that point, he had filed versions of a bill relaxing the in-person requirement in each of the two-year legislative sessions between 2010 and 2018. He handed the issue of a permanent legislative fix for the in-person requirement to his successor, Lipper-Garabedian.
Massachusetts Rep. Kate Lipper-Garabedian (D), who helped pass the bill permanently allowing remote reverse mortgage counseling in her state.
” data-image-caption=”
Massachusetts Rep. Kate Lipper-Garabedian (D)
” data-medium-file=”https://www.housingwire.com/wp-content/uploads/2024/05/katelippergarabedian_mass.jpg?w=300″ data-large-file=”https://www.housingwire.com/wp-content/uploads/2024/05/katelippergarabedian_mass.jpg?w=500″ src=”https://www.housingwire.com/wp-content/uploads/2024/05/katelippergarabedian_mass.jpg?w=500″ alt=”Massachusetts Rep. Kate Lipper-Garabedian (D), who helped pass the bill permanently allowing remote reverse mortgage counseling in her state.” class=”wp-image-459652″ srcset=”https://www.housingwire.com/wp-content/uploads/2024/05/katelippergarabedian_mass.jpg 500w, https://www.housingwire.com/wp-content/uploads/2024/05/katelippergarabedian_mass.jpg?resize=150,150 150w, https://www.housingwire.com/wp-content/uploads/2024/05/katelippergarabedian_mass.jpg?resize=300,300 300w” sizes=”(max-width: 500px) 100vw, 500px”>Massachusetts Rep. Kate Lipper-Garabedian (D)
She filed a bill seeking a permanent fix in 2020, but over the next few years, temporary relief was favored over a permanent solution. The process was long, involving meetings between industry stakeholders within the state, legislators and trade groups — including NRMLA and the Massachusetts Mortgage Bankers Association (MMBA).
“What the pandemic did was approve the concept,” said Brett Kirkpatrick of The Federal Savings Bank, another key advocate for the permanent legislation. “Which means the sky didn’t fall when seniors were only counseling by telephone; it still worked. We had accumulated a track record and the counseling agencies were instrumental.”
These agencies surveyed their clients about their own preferences, which proved to be a major contributor to getting permanent changes over the finish line last month, Downey and Kirkpatrick said.
Not only can clients more easily attend their counseling sessions, but family members — often a reverse mortgage borrower’s most trusted advisers — could also attend them, no matter where in the world they might be, and thereby strengthening a consumer protection argument.
Passage relaxes the requirement
After a series of temporary extensions for years following the onset of the pandemic — which saw their expirations again threaten the existence of reverse mortgage business within the state multiple times — the final extension expired at the end of March 2024. This served as the catalyst for a final sprint to get some kind of permanent fix codified in legislation.
“For the last three months, we’ve been full-court press in trying to get this, and it finally worked,” Kirkpatrick said. “Thanks to Kate and other representatives, we were able to get [the permanent fix] attached to a budget bill. A budget bill is always the vehicle of choice because that’s a must-pass.”
The legislation including the language to relax the in-person requirement passed in the final days of April and was soon signed into law by Gov. Maura Healey (D). It included a retroactive provision allowing for remote counseling in the period between the expiration of the last extension and the beginning of permission for remote counseling sessions.
Downey and Kirkpatrick expressed gratitude to all of the involved parties that helped make it possible, including NRMLA, MMBA, the Division of Banks and members of the Massachusetts Legislature, including Lipper-Garabedian.
To get such legislative and lobbying work done, “the stars have to align,” Kirkpatrick said. “You have to have the person, the moment, and you have to be there and strike when the iron is hot.”
Located in the foothills of the Blue Ridge Mountains, Greenville offers a mix of Southern charm, outdoor adventures, and a dynamic cultural scene. With its exciting downtown, complete with a stunning waterfall park right in the heart of the city, Greenville offers a unique blend of natural beauty and urban convenience. From biking on the Swamp Rabbit Trail to exploring the arts at the Greenville County Museum of Art, there’s always something new and exciting to discover. This has many people wondering, “Should I move to Greenville?” Join us as we explore the pros and cons of living in Greenville to help you deicide if this enchanting city is the right place for you. Let’s go.
Greenville at a Glance
Walk Score: 43 | Bike Score: 39 | Transit Score: 19
Median Sale Price: $435,000 | Average Rent for 1-Bedroom Apartment: $1,300
Greenville neighborhoods | Houses for rent in Greenville | Apartments for rent in Greenville | Homes for sale in Greenville
Pro: Thriving downtown area
Greenville’s downtown is a hub of activity, characterized by vibrant streetscapes, diverse culinary scene, and cultural attractions. Main Street in downtown Greenville is lined with charming boutiques, art galleries, and restaurants, providing residents with endless opportunities for shopping, dining, and entertainment. Additionally, the Peace Center for the Performing Arts hosts a variety of live performances, including Broadway shows, concerts, and dance performances. The bustling downtown area also hosts community events and festivals throughout the year, further enhancing the appeal of Greenville’s urban core.
Con: Hot and humid summers
Summers in Greenville can be oppressively hot and humid. Temperatures often soar, making outdoor activities less enjoyable during these months. Additionally, the high humidity levels can lead to an increase in mold and mildew, which requires homeowners to take extra care in maintaining their properties. The combination of heat and humidity can make air conditioning a necessity rather than a luxury for some residents, especially for those not accustomed to such conditions.
Pro: Access to outdoor activities
The city’s location offers easy access to outdoor activities. The nearby Blue Ridge Mountains provide opportunities for hiking, biking, and camping. Meanwhile, lakes and rivers in the area offer boating, fishing, and water sports. Additionally, locals have access to Falls Park on the Reedy – a natural oasis in the heart of the city. The park features the stunning Liberty Bridge, which offers views of the waterfalls. It’s a perfect spot for picnics, walks, and outdoor activities. The park’s beauty and accessibility make it a cherished spot among residents.
Con: High pollen count
Spring in Greenville brings a high pollen count, which can affect those with allergies. The abundance of trees and green spaces, while beautiful, can make this season uncomfortable for sufferers. It’s a significant consideration for people moving to the area or those spending a lot of time outdoors.
Pro: Exciting culinary scene
Greenville’s culinary scene is diverse and thriving, with an emphasis on farm-to-table dining. Restaurants offer a variety of cuisines, from traditional Southern to international flavors. Local favorites include Soby’s New South Cuisine, which serves Southern-inspired dishes, and the food trucks at Gather GVL, an outdoor food court. The annual Euphoria festival further showcases the city’s food culture, drawing chefs and foodies from across the country.
Con: Limited public transportation options
With a Transit Score of 19, many locals find Greenville’s public transportation system limited. The bus service has restricted routes and schedules which can be inconvenient and challenging for those without a car. This limitation affects daily commutes and accessibility to certain parts of the city, highlighting a need for improved transportation options.
Pro: Affordable cost of living
One of the standout advantages is Greenville’s cost of living, which is approximately 9% lower than the national average. This affordability is evident across various expenses, including housing, groceries, utilities, and healthcare. The overall lower cost of living in Greenville means that residents can enjoy a higher quality of life without the financial stress often associated with larger metropolitan areas. This financial advantage allows for more disposable income to be spent on other things like leisure activities, savings, or investments.
Con: Limited nightlife options
While Greenville offers a variety of dining and cultural options, its nightlife scene is relatively subdued compared to larger cities. There are a few bars and clubs, but the city lacks a vibrant late-night culture. This can be a drawback for those looking for an active nightlife.
Pro: Flourishing arts scene
The city boasts a lively arts scene. Art galleries and studios dot the West Greenville area, showcasing local talent. Greenville’s commitment to the arts is evident in its public sculptures and murals, enriching the city’s cultural landscape. Art enthusiasts also appreciate the Greenville County Museum of Art, which features an impressive collection of American art, particularly Southern art. Additionally, the city supports local artists with numerous galleries and events like First Fridays, where art galleries open their doors to the public.
Con: Noise pollution
As the city grows, so does the level of noise pollution. Downtown areas and neighborhoods near major roads can be particularly noisy. This can affect the quality of life for some residents, especially those seeking a quieter living environment.
Greenville is known for its strong sense of community, with events that cater to all interests. The Fall for Greenville festival is a popular event featuring local food, music, and entertainment. Other notable events include Artisphere, an arts and culture festival, and the weekly TD Saturday Market, which offers fresh produce and local goods.
Jenna is a Midwest native who enjoys writing about home improvement projects and local insights. When she’s not working, you can find her cooking, crocheting, or backpacking with her fiancé.
Do you want to find ways to get free Walmart gift cards? Yes, you can get free Walmart gift cards and make some extra money for this popular store. Walmart gift cards are a convenient way to handle your shopping budget, give gifts, or treat yourself. You might be surprised to learn that there are…
Do you want to find ways to get free Walmart gift cards?
Yes, you can get free Walmart gift cards and make some extra money for this popular store.
Walmart gift cards are a convenient way to handle your shopping budget, give gifts, or treat yourself. You might be surprised to learn that there are ways to get these gift cards without paying for them. By joining rewards programs, taking surveys, or using trade-in services, you can earn points that can be redeemed for free gift cards to Walmart.
Before you think this isn’t real, let me tell you – I’ve earned over 110 free gift cards myself. It feels great to use a free gift card to get something I want.
How To Get Free Walmart Gift Cards
Here is a quick list of places to get free Walmart gift cards to get started with:
Below is more information on each method to get free Walmart gift cards.
This is a screenshot I took a couple of years ago of the free gift cards that I’ve earned from Swagbucks as proof. As you can see, it says I’ve earned 109 gift cards over the years! I mainly redeem for free Walmart gift cards, but you can do Starbucks just as easily too.
1. Swagbucks
Swagbucks is a great website to start with if you want to earn free gift cards to places like Walmart.
On Swagbucks, you can earn points (called “SB”) by doing tasks like answering surveys, playing games (like Candy Crush!), downloading apps, searching something on their search engine, and watching videos. Just sign up, fill out your profile, and start earning points to redeem for a free Walmart eGift Card code.
I’ve been using Swagbucks for years, and during that time, I’ve earned over 110 free gift cards myself. Earning points is easy, and the website is very user-friendly.
You can redeem your points for anywhere from a free $5 Walmart gift card to $500 at a time on Swagbucks.
Sign up for Swagbucks here and receive a $10 bonus.
2. Fetch Rewards
Fetch Rewards is an app for your phone (which I personally use at least once a week!) where you earn points by scanning receipts from grocery stores (any grocery store!). You can use these points to redeem Walmart gift cards.
You get points for every receipt no matter what, but you can earn more points if you buy specific items that they feature in their app. These include points for General Mills products (such as cereal), points for Tostitos chips, points for dog treats, and more.
Personally, I don’t really keep track of what I can earn extra points with – I just shop like I normally do and scan each and every receipt.
Fetch Rewards is one of my favorite ways to earn free gift cards as I don’t have to do much to get points. I just shop how I normally do, scan my receipt with my phone (I am literally just taking a picture of my receipt), and then I get points. You get points for every single grocery receipt too.
Sign up for Fetch Rewards here.
3. Sign up for the Walmart Rewards program
Walmart Cash is a rewards program for Walmart customers. You earn Walmart Cash by claiming offers on Walmart.com or in the Walmart app. Then, you can use your Walmart Cash for future purchases in-store or online.
Here’s an example of how it works:
If you want to use Walmart Cash in store:
Step 1 – Open your Walmart app and log in.
Step 2 – At the register, use the app to scan the QR code displayed there.
Step 3 – Choose “Use Walmart Cash” to turn your balance into a Walmart eGift Card and use it to reduce your bill.
It’s easy to use, but surprisingly, many people do not know about this rewards program.
4. Upside
Upside is an app that will help you get cash back for your fuel purchases (yes, from when you go to the gas station!). With Upside, you can get around $150 per year in estimated cash back.
Plus, the first time you use the app, you can get a higher amount of cash back in order to get you used to the platform. For my first time using this app, I was able to get $0.74 back per gallon. I bought 12.62 gallons, which means I saved $9.33 all by just using this app for the first time.
Not all gas stations are included in the Upside app, but you can earn rewards by choosing from the listed stations within the app. There are several gas stations that qualify near me, so I’m sure there are some that you go to as well.
This app does require you to select the gas station in the Upside app before you actually pump the fuel into your car, so this is an important step.
Then, you earn rewards that can be redeemed for free Walmart gift cards.
You can sign up for Upside here.
5. American Consumer Opinion
American Consumer Opinion is a company that pays people to share their opinions through surveys.
It’s free to join American Consumer Opinion, and surveys usually pay around $1 to $5 each. Once you reach a certain amount, you can redeem your earnings for free Walmart gift cards (or other rewards like PayPal cash).
Click here to join American Consumer Opinion.
6. Survey Junkie
Survey Junkie is a popular website where you can earn free Walmart gift cards by taking surveys online in your spare time. Answering three surveys a day on Survey Junkie can get you about $40 worth of Walmart gift cards each month.
Please click here to sign up for Survey Junkie.
7. Branded Surveys
Branded Surveys lets you earn points by answering questions in surveys. You can use these points to get free Walmart gift cards. Surveys take 5 to 15 minutes and pay between $0.50 and $5.00 each.
Click here to join Branded Surveys.
8. PrizeRebel
PrizeRebel is a website where you earn points by doing tasks like surveys and watching videos. You can use these points to get free Walmart gift cards.
I logged in last week and I had enough points for around $150 in free gift cards. I redeemed them all at once, and it is definitely some nice extra spending money!
Click here to sign up for PrizeRebel.
9. PayPal Honey
PayPal Honey is a free browser extension that automatically finds and applies coupon codes and promo codes when you shop online. By using it, you earn points that can be redeemed for extra money.
Here’s how it works:
Shop online as you normally would.
At checkout, Honey will find and apply the best coupon codes for you.
Sign up for PayPal Honey by clicking here.
10. Ibotta
Ibotta is an app that gives you cash back for shopping, such as at grocery stores. After you shop, simply upload your receipts to earn cash back that you can use for free Walmart gift cards.
Here’s a quick summary of how you use Ibotta:
Download the Ibotta app.
Check to see what the available offers are before you go to the grocery store (such as Honey Nut Cheerios or oranges).
Take a picture of your grocery receipt using your phone with the Ibotta app.
Some of the offers I see when in the app, so that you can get a better idea, include:
$1.00 cash back for buying General Mills cereal (such as Honey Nut Cheerios)
$0.50 cash back for buying mandarin oranges
$1.00 cash back for buying Starbucks Cold Brew
$5.00 cash back for buying Colgate toothbrushes
And so much more.
You need at least $20 in earnings for a free Walmart gift card. You can also redeem your points for many other gift cards, as well as PayPal cash or even a deposit straight to your bank account.
You may be wondering how Fetch Rewards and Ibotta differ. They are very similar and I use both. For me, I use Fetch Rewards and Ibotta at the same time for the same receipts. It’s a way to get even more points for doing something very similar.
You can join Ibotta here.
11. Rakuten
Rakuten lets you earn cash back on purchases from over 3,500 stores, such as Walmart, Target, Best Buy, Sephora, Old Navy, Chewy, Nike, and more.
When you buy something, you get a percentage of your purchase back in cash. You can receive your earnings through check or PayPal once a quarter.
While Rakuten doesn’t directly provide free Walmart gift cards, you can use the cash you earn from Rakuten for shopping at other stores like Walmart.
You can sign up for Rakuten for free here.
12. Find Walmart gift card giveaways
If you’re looking to get free Walmart gift cards, entering sweepstakes and giveaways can be a fun way to give it a shot.
To earn free Walmart gift cards through giveaways, you can:
Follow brands on social media like Instagram. Many companies host giveaways where you can win gift cards. Keep an eye out for their posts or stories announcing these giveaways.
Search hashtags like #freewalmart, #giveaway, #giveawayalert, #contest, and #freebie on Twitter, Facebook, and Instagram to find Walmart gift card giveaways.
Subscribe to online sweepstakes websites that list current giveaways to find opportunities to win Walmart gift cards.
Now, of course, entering giveaways isn’t a guaranteed way to get free Walmart gift card codes, but it doesn’t take a lot of time. I have personally entered giveaways through all of these methods (I used to spend probably an hour a week entering giveaways, haha!), and I have actually won quite a few things from free gift cards to cash, household goods, and more.
13. Prime Opinion
Prime Opinion is a survey website where you can earn money by sharing your opinions from home. They have many, many available surveys to complete, so there is a good chance that you can earn enough for regular free Walmart gift cards.
You need $5 in your account to redeem your points for Walmart gift codes on Prime Opinion.
Please click here to join Prime Opinion and get up to a $5 free bonus.
14. InboxDollars
InboxDollars is a rewards site where you earn points by answering online surveys, playing games, signing up for their shopping offers, and more. Then, you can use your points to get free Walmart gift cards.
You can join InboxDollars and get a free $5 sign-up bonus.
15. Walmart’s trade-in program
Walmart’s trade-in program is for you if you have electronics that you no longer need. You simply go to the Walmart trade-in website and select the type of device you have from options like phones, tablets, game consoles, and more.
Then, just answer some questions about your item’s condition and specifications.
After that, you will see an offer for your item. If you agree with the offer, then you’ll get a Walmart eGift Card.
Frequently Asked Questions
Below are answers to common questions about how to get free Walmart gift cards.
How can I get a Walmart gift card without paying?
You can get free Walmart gift cards without paying by answering surveys, trading in your old electronics, joining the Walmart rewards program, and getting cash back at places like the gas station.
How do I know if a Walmart gift card promotion is real?
To verify if a Walmart gift card promotion is legitimate, you can always check the official Walmart website, contact their customer service directly, or search on the FTC’s website to see if anything pops up.
If it’s an app that you are wanting to sign up for, you can look for their reviews, such as on Trustpilot to see what real people like you and me think about the app. There are scams out there, so you will want to stay safe and prevent fraud from happening to you. If something sounds too good to be true, then it may be best to just skip it!
Can you really get a Walmart gift card worth $100 or more for free?
Yes, there are ways to get a free $100 Walmart gift card. Many of the sites and apps above can allow you to earn enough points to get free Walmart gift card codes. For me, I actually just redeemed $150 in free digital gift card codes at once, so I know that it is a real thing. I like to save my points up so that I have a large amount in gift cards to redeem at once, and then I can put it toward a larger purchase.
Can I use Walmart gift cards at Sam’s Club?
Yes, Walmart eGift Cards can be used at Walmart.com and in Walmart stores. Sam’s Club members can also use them in-store or at Samsclub.com.
Best Ways To Get Free Walmart Gift Cards
I hope you enjoyed this article on how to get free Walmart gift cards.
There are many ways to earn free Walmart gift cards, as discussed above. From answering online surveys to uploading photos of your grocery receipts and using cash back sites, you can save money at Walmart by earning and using Walmart gift cards.
Plus, the gift cards can be used at both local Walmart stores and online, so you can get what you need and when you need it.
Walmart has low prices, but now you can save even more money.
Today’s average mortgage rates on May. 15, 2024, compared with one week ago. We use rate data collected by Bankrate as reported by lenders across the US.
Mortgage refinance rates change every day. Experts recommend shopping around to make sure you’re getting the lowest rate. By entering your information below, you can get a custom quote from one of CNET’s partner lenders.
About these rates: Like CNET, Bankrate is owned by Red Ventures. This tool features partner rates from lenders that you can use when comparing multiple mortgage rates.
Current refinance rate trends
A vast majority of US homeowners already have mortgages with a rate below 6%. Because mortgage refinance rates have been averaging above 6.5% over the past several months, households are choosing to hold on to their existing mortgages instead of swapping them out with a new home loan.
If rates fell to 6%, at least a third of borrowers who took out mortgages in 2023 could reduce their rate by a full percentage point through a refinance, according to BlackKnight.
Refinancing in today’s market could make sense if you have a rate above 8%, said Logan Mohtashami, lead analyst at HousingWire. “However, with all refinancing options, it’s a personal financial choice because of the cost that goes with the loan process,” he said.
Where will refinance rates end up in 2024?
Mortgage rates have been sky-high over the last two years, largely as a result of the Federal Reserve’s aggressive attempt to tame inflation by spiking interest rates. Experts say that decelerating inflation and the Fed’s projected interest rate cuts should help stabilize mortgage interest rates by the end of 2024. But the timing of Fed cuts will depend on incoming economic data and the response of the market.
For homeowners looking to refinance, remember that you can’t time the economy: Interest rates fluctuate on an hourly, daily and weekly basis, and are influenced by an array of factors. Your best move is to keep an eye on day-to-day rate changes and have a game plan on how to capitalize on a big enough percentage drop, said Matt Graham of Mortgage News Daily.
What to know about refinancing
When you refinance your mortgage, you take out another home loan that pays off your initial mortgage. With a traditional refinance, your new home loan will have a different term and/or interest rate. With a cash-out refinance, you’ll tap into your equity with a new loan that’s bigger than your existing mortgage balance, allowing you to pocket the difference in cash.
Refinancing can be a great financial move if you score a low rate or can pay off your home loan in less time, but consider whether it’s the right choice for you. Reducing your interest rate by 1% or more is an incentive to refinance, allowing you to cut your monthly payment significantly.
Choosing the right refinance type and term
The rates advertised online often require specific conditions for eligibility. Your personal interest rate will be influenced by market conditions as well as your specific credit history, financial profile and application. Having a high credit score, a low credit utilization ratio and a history of consistent and on-time payments will generally help you get the best interest rates.
30-year fixed-rate refinance
The average 30-year fixed refinance rate right now is 7.22%, a decrease of 9 basis points compared to one week ago. (A basis point is equivalent to 0.01%.) A 30-year fixed refinance will typically have lower monthly payments than a 15-year or 10-year refinance, but it will take you longer to pay off and typically cost you more in interest over the long term.
15-year fixed-rate refinance
The average 15-year fixed refinance rate right now is 6.80%, a decrease of 3 basis points from what we saw the previous week. Though a 15-year fixed refinance will most likely raise your monthly payment compared to a 30-year loan, you’ll save more money over time because you’re paying off your loan quicker. Also, 15-year refinance rates are typically lower than 30-year refinance rates, which will help you save more in the long run.
10-year fixed-rate refinance
The average 10-year fixed refinance rate right now is 6.80%, a decrease of 7 basis points compared to one week ago. A 10-year refinance typically has the lowest interest rate but the highest monthly payment of all refinance terms. A 10-year refinance can help you pay off your house much quicker and save on interest, but make sure you can afford the steeper monthly payment.
To get the best refinance rates, make your application as strong as possible by getting your finances in order, using credit responsibly and monitoring your credit regularly. And don’t forget to speak with multiple lenders and shop around.
Reasons you might refinance your home
Homeowners usually refinance to save money, but there are other reasons to do so. Here are the most common reasons homeowners refinance:
To get a lower interest rate: If you can secure a rate that’s at least 1% lower than the one on your current mortgage, it could make sense to refinance.
To switch the type of mortgage: If you have an adjustable-rate mortgage and want greater security, you could refinance to a fixed-rate mortgage.
To eliminate mortgage insurance: If you have an FHA loan that requires mortgage insurance, you can refinance to a conventional loan once you have 20% equity.
To change the length of a loan term: Refinancing to a longer loan term could lower your monthly payment. Refinancing to a shorter term will save you interest in the long run.
To tap into your equity through a cash-out refinance: If you replace your mortgage with a larger loan, you can receive the difference in cash to cover a large expense.
To take someone off the mortgage: In case of divorce, you can apply for a new home loan in just your name and use the funds to pay off your existing mortgage.
If you trust us with anything, let it be the fact that a simple bouquet (fresh or faux) has the ability to brighten any room. This acrylic vase will perfectly accentuate your florals and is the coolest addition to any desk or shelf.
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2
this squiggly tray
BIGPIPI Ceramic Jewelry Tray Dish
If your desk is littered with earrings, hair ties, and any other miscellaneous items (relatable), then this tray = the answer to all your problems. It also comes in other bold colorways like red and metallic silver.
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3
this vase duo
puthiac White Ceramic Vase
Now 21% Off
A circular vase is an unfailing decor piece, and these two are super cool (and super affordable). Your fave stems or feathers will look v cute sitting in these.
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4
this sleek lamp
ONEWISH Touch Bedside Table Lamp
Some added light is always a good idea, and this touch-activated lamp is the perf way to incorporate some extra brightness into your space—no switches or buttons needed!
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5
this candlestick holder trio
Vixdonos Pink Candlestick Holders
Eclectic candlesticks are all the rage, and your dining room/dinner parties/overall vibe would be extra fab with these glass ones displaying your fav candles. Plus, they basically come in every colorway imaginable.
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6
this elegant tray
Hanobe Decorative Serving Tray
Now 23% Off
All your new decor is gonna need a place to sit, so how about this circular tray? IMO, it would be the ideal finishing touch for your vases, candles, and whatever else your heart desires.
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7
this asymmetrical mirror
TRAHOME Wall Mirror
Why settle for a plain ole mirror when you can see your beautiful reflection in this funky one?!
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8
this throw blanket
CozeCube Checkered Blanket
Calling all maximalists! Anything checkered is a furnishing go-to, and I love this throw blanket for all the cozy vibes.
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9
this mosaic vase
COVEGE Pink Vase
Okay, is this not the prettiest vase you’ve ever laid eyes on?! It literally embodies all the ~spring has sprung~ vibes, and the mosaic tiles are to die for.
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10
this cloud-like comforter
Lush Decor Reyna Ruffle Comforter Set
Your bed def deserves an upgrade, and this ruffled blanket set would add a lil feminine flare to any bedroom. Because who wouldn’t wanna fall asleep in a fluffy white cloud every night!?
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11
these rounded shelves
VASAGLE Corner Shelf Wall Mount
Unsure what to do with your empty corner? This meandering shelf unit would look amazing filled with all your fave candles, pictures, and such.
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12
this pink lamp
Simple Designs Shades of Pink Ceramic Lamp
Now 25% Off
If you feel like your room is lacking something, it just might be this anything-but-basic lamp.
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13
this wooden table
Bamworld Rattan Side Table
Need some extra space for your food, drinks, and even a magazine or two!? This side table combines a sleek glass design with rattan for a modern twist on the wooden aesthetic.
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14
these adorable bowls
Batitie Colorful Ceramic Bowls
Because who wouldn’t want to eat snacks or salads out of these precious floral bowls?!
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15
these beaded coasters
Folkulture Boho Coasters
If you’re the type of person who constantly needs a bev in hand (same here) then these cute beaded coasters are a must-have for your surfaces.
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16
these colorful glasses
Bella Vino Colored Wine Glasses
Now 38% Off
Need a wine glass upgrade? The answer is always yes. These oversized ones would look so good housing your fave wines or spritzes.
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17
this bougie bar cart
PAUKIN Gold Bar Cart
This isn’t just your basic bar cart. It boasts racks for your glasses, a sleek marble design, and the round shelf even has a 360-rotating design for easy access to your bottles and such. Say no more.
Like your grandma’s needlepoints, but make them super funny and *slightly* offensive.
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19
these floating shelves
Kazai Wall Shelves
Give your walls a major leg up with these wood shelves. Plus, they can hold up to 22 pounds of stuff!
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20
these wool coasters
Woolygon Square Felt Ball Coasters
These funky coasters are exactly what your coffee table/bar cart/glass of wine needs. Plus, they come in a bunch of different colorways, so you’re sure to find one that matches your ~aesthetic~.
Jasmine Hyman is the assistant shopping editor at Cosmopolitan where she covers all the best things you can add to your cart. She loves writing about everything from fashion to politics, and you can definitely find her listening to Harry Styles’ entire discography on loop while doing so. She’s also probably in bed either reading or endlessly scrolling through TikTok (most likely the latter). Feel free to follow her on Insta to be inundated with pictures of her meals.