Here's the official announcement from Swagbucks:
"Starting March 2nd, you will be able to redeem 2,200 Swag Bucks for one $25 Gift Card OF YOUR CHOICE once a month. This gift card discount only excludes PayPal and Gas Cards.
We will also be introducing a new $3 Amazon.ca Card (for 300 SB). If you like stacking up on Amazon Gift Card credits, this will allow you to get them in nearly half the time.
To accommodate these benefits, we will no longer offer $5 Amazon Gift Cards for 450 SB. They are not going away though, as they will be priced the same as our other $5 Gift Cards at 500 SB. Currently, you are only able to redeem five $5 Amazon gift cards a month. By making these changes we can now remove this limit.
I want to explicitly point out that these changes in no way affect the way you earn Swag Bucks. Nor do they affect how many Swag Bucks you can earn anywhere else on the site.
What these changes do affect, however, is the overall bang for your Swag Buck, which we believe benefit you in 3 main ways:
1. GREATER SAVINGS
Our current pricing discounts ONLY the $5 Amazon Card by 10% (450 vs. 500 SB), and also limits the redemptions to 5 per month. So if you redeem 5 Amazon Gift Cards at 450 SB, it will cost you 2,250 SB. Now you can choose to get the same $25 worth of Amazon Gift Cards for 2,200 SB, a 20% discount over what it’s currently offered.
2. MORE CHOICES
Right now, the only gift card we currently discount is Amazon. This introduction offers you a discount on most other gift card choices of your favorite brands, stores, retailers, and restaurants. Gift cards such as Starbucks, Old Navy, Swiss Chalet and Home Depot to name a few.
3. FASTER REDEMPTIONS
The $3 Amazon Gift Card allows you to get an Amazon Gift Card 33% faster than is currently possible. To expand the options for speedier gift card redemptions, we also plan on offering more low denomination Gift Cards of other brands in the coming months.
I understand that change is sometimes an unwelcome guest. And no matter what I say, some of you will not be in favor of these new discounted gift card options. I hear you. I can also assure you that these changes were made only after surveying and speaking directly with thousands of you regarding your gift card redemption habits, and that every change was made with you in mind." (http://blog.ca.swagbucks.com/2015/02/confirming-exciting-news-announcement.html)
This is great news for Swaggernuts as you can start collecting and redeeming even faster!
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