Each swagbuck is the equivalent of about a penny, and you can use your swagbucks to buy gift cards for Amazon.com, Gamestop, AMC Theaters, Paypal, Target, iTunes, Sephora, and even charities like the ALS Association, UNICEF, and Charity:Water. You can even use them to travel with gift cards for things like Hyatt hotels, Orbitz, and Royal Caribbean Cruises. My friend Chloe at Wanderlust in the Midwest uses Swagbucks to help her travel cheaply, too. I've been using it to get money through Paypal and make purchases through Amazon.
Personally, I've really enjoyed using Swagbucks. I get great offers all the time-- some of which I've put to great use, like getting extremely cheap, year-long subscriptions to NYLON, Fast Company, Real Simple, and Essence Magazines-- which I LOVE. I've also gotten great deals on things like flowers I send for gifts. I'd order them online anyway, but by doing so through swagbucks, I can get a discounted rate, plus earn swagbucks. By using Swagbucks, I'm essentially getting cash back on my purchases at at least a 1% rate, because Swagbucks turns every dollar you spend at a participating retailer into a swagbuck. Combine that with special offers they have with certain retailers to get 3 or even 5 swagbucks per dollar and that's an awesome cash back rate!
If you start using Swagbucks today, I'll actually give you 70 swagbucks thanks to a deal I've worked out with Swagbucks. You'll also get 30 swagbucks for filling out your profile-- that's 100 swagbucks right from the get-go!
All you have to do is use the referral code HONEYSWAG when you sign up through Friday, August 29 and click the "I have a sign up code" link.