Photograph Credit: Walgreens

Working the savings strategies at the drugstores help my family in stretching our dollars. In addition to their monthly store coupon booklet, in-ad store coupons, rebate program, and Register Rewards, Walgreens is rolling out a new program called Balance Rewards.

What are Balance Rewards?

In a nutshell, it is a loyalty program. You register for free, receive a card, scan the card at checkout, and earn points for qualified purchases.

What are the Rewards?

Per the terms and conditions of the Balance Rewards registration, you can redeem points for the following rewards:

Earned Points are converted into Redemption Dollars in five (5) tiers:

(1) 5,000 points = $5

(2) 10,000 points = $10

(3) 18,000 points = $20

(4) 30,000 points = $35

(5) 40,000 points = $50

At the time of transaction, you can choose to keep earning points or redeem the points on your card. This system reminds me of the Shop your Way Rewards with Sears, Kmart, MyGofer, and Land’s End.

How Do I Earn Rewards?

Photograph Credit: Walgreens

Will My Rewards Expire?

Yes, your points have expiration dates! You will need to make a purchase at least once every 6 months to keep your account active. You can continue to build your point balance, but will need to redeem them within 36 months of earning the rewards. For more specifics, you can read the terms and conditions.

Walgreens Balance Rewards Sweepstakes

To kickoff their new Balance Rewards program, Walgreens will give away 1 million Balance Reward points. The prizes are $1,000 in points to 10 Balance Reward members, who register on-line by 11:59 p.m. on Saturday, September 15, 2012.

Do not delay. Signup on-line for free, get your card via the mail, and wait for verification if you are one of the lucky 10 winners.

In stretching your dollars, signup and get ready to earn points with the new Walgreens Balance Reward program. If you win points from the sweepstakes, you will save lots of money.

In using time wisely, take a few moments to register for your Walgreens Balance Reward card. If you win, please come back and leave a comment. Hoping one or more of my readers win. Happy savings!

Questions: Which drugstore is your favorite for stretching your dollars?