Deal has expired, view more Scholarshare deals by clicking here.
The Offer
- ScholarShare is offering a bonus of $50 Target gift card when you open a new 529 Plan account and set up an automatic contribution plan of $25 or more for 6 consecutive months
The Fine Print
- When you open a new ScholarShare 529 College Savings Plan account with a $50 contribution (and sign up for ongoing automatic contributions of $25 or more per month for six consecutive months) between December 11, 2019, at 12:01 a.m. and December 15, 2019, at 11:59 p.m. (PT), you will be mailed a $50 Target GiftCard on or before June 30, 2020. Visit ScholarShare529.com/holidayoffer for official Terms and Conditions. Void where prohibited or restricted by law. Sponsored by ScholarShare 529 College Savings Plan.
Our Verdict
We recently saw a $100 bonus, but that required a $1,000 deposit. We’ve also seen a $50 bonus before that only required a single $50 deposit. I’d probably wait for one of those better bonuses to return. Chuck & I aren’t the people to ask when it comes to these college plans, so make sure you do your own research first.
Hat tip to reader EW
If my wife opened an account for my child would I be able to open an account for the same child and get the bonus?
The T&C says “Beneficiary for the new ScholarShare 529 account cannot be a beneficiary of an existing ScholarShare 529 account for that account owner.”
Seems so because you would be the owner of one account and your wife would be the owner of the other account. I might try it.
Edit: the T&C in the PDF say “Limit: one (1) Target Gift Card per new ScholarShare 529 account per unique account owner/beneficiary combination.” So it should work.
https://www.scholarshare529.com/documents/Holiday-Offer-2019-Terms-and-Conditions.pdf
Can I open multiple accounts for each of my children and get a bonus for each?
> Visit ScholarShare529.com/holidayoffer for official Terms and Conditions.
“Holiday Offer 2019” Terms and Conditions
Limit: one (1) Target Gift Card per new ScholarShare 529 account per unique account owner/beneficiary combination.
Eligibility: Beneficiary for the new ScholarShare 529 account cannot be a beneficiary of an existing ScholarShare 529 account for that account owner.
https://www.sfchronicle.com/business/networth/article/Newsom-vetoes-bill-that-would-have-created-a-14520941.php