CashCrate: The Good, The Bad, and The Ugly

I signed up with CashCrate about three weeks ago, and since then I’ve earned a nice chunk of change to put into my loan fund. Like many others, I discovered CashCrate by coming across a glowing review about it on someone’s blog. They talk about how easy it is and how it’s their favorite way to make money online. I’m usually pretty skeptical about these things, but curiosity got the best of me this time. I decided that the only way really find out was to sign up and try it out myself. Could it really live up to all the rosy pictures people paint about it?

The Good

It’s not a scam. You really do get paid to do things. In this case, you complete offers. Some of them are free, and some of them aren’t. For some offers, you just have to complete a form with your contact info. For others you have to sign up for a free trial and remember to cancel it before it’s over, so you don’t get charged. With a $10 minimum monthly payout, it doesn’t take much effort to get there. If you have a credit card, completing two of the free trial offers is enough to put you over $10.

The Bad

It’s boring and tedious. Unless your lifelong dream is to become a professional offer completer, you’ll probably get really bored with completing these offers. There are ways to automate some of the repetitive tasks like filling in your contact info, but you’re still filling out form after form. For most people, this gets old really fast. Also, keep in mind that you have to be responsible enough to cancel the trial offers before they are over. Otherwise, you’ll get charged a fee which will most likely end up costing you a lot more money than you’ve earned.

The Ugly

Spam. You’re giving out your contact info to companies, so obviously, they’re going to be contacting you to try to sell stuff. As if we’re not already bombarded by enough solicitors, completing these offers will inevitably result in even more. Be prepared for it by using a separate email account to complete the offers.

These are just my impressions of CashCrate so far. I feel that they’re a lot more honest than the reviews I’ve found on other sites. The offers are easy to complete, but it’s tedious. Some people may be able to handle this, but others may not. I think the only way to find out is to try it out for yourself.

If you enjoyed this post, subscribe to my RSS feed or via email for free updates.

Broke Grad Student and friends are giving away cash and prizes for sharing back to school financial goals and advice. Click here to find out more!