Sunday, 20 October 2019

Blast App Review: Grow Your Savings By Playing Games

Blast App Review: Grow Your Savings By Playing Games
12 Jul
2:29

If you’ve been reading about the gig economy and side hustles, you’ve probably heard more than a few times about monetizing your hobbies. Whether it’s selling your crochet masterpieces on Etsy or hopping around the city with TaskRabbit, side hustles work best when you turn your personal interests into money-making ventures.

For gamers in search of a side hustle, the Blast app is here to help. Blast pays you to play Android games, such as Words with Friends and Diner Dash, on its app. Don’t expect to rake in the big bucks, however, as you’ll likely only earn a few cents each time you play. For a few high scorers, your shot at the big money is getting your name on the competitive leaderboard.

Blast also includes a high-yield savings account to store and grow your earnings at 2% APY. While this is certainly an added perk to a fun gaming app, it’s not made for serious savings. The account imposes low limits on your deposit and withdrawal capabilities, keeping the account confined to the app’s earnings.

Blast features

Via blast.com

  • An extensive list of games and Missions (more below) from which to choose
  • The chance to earn bonus cash by topping leaderboards
  • A high-yield savings account
  • Further automatic savings opportunity through Game-Based Savings

Blast offers a variety of games to play, from “casual to hardcore,” as it puts it. Everybody should be able to find a game that suits their tastes. You can see your options right from the app’s homepage, clocking each game’s earning potential at a glance.

Each game has a set of Missions, or objectives, to complete, such as completing the game’s tutorial or passing a difficult level. You earn your cash rewards, or Mission Rewards, by completing these Missions. Cash rewards aren’t huge, paying out between 5 cents and a few dollars, depending on the Mission. For example, completing the tutorial of an “Easy” game can rake in 25 cents, while beating level 10 in a “Hard” game could reward you with $5.

Missions change periodically, so be sure to check back in to find new ones you haven’t tackled yet.

The chance to earn more than a few cents comes with ranking on the leaderboard. You can do this by collecting eXperience Points, or XP, for every dollar you earn or by completing certain Missions. Each week, a new leaderboard winner is chosen. Each winner is rewarded with an extra $50. Those ranked lower can still win a bit of extra prize money, too, depending on how high up the board they land.

Blast savings account

To take your savings a little further, all the money you earn through Blast Missions is deposited into a Blast account that earns at 2% APY.

While this is a relatively competitive rate, paired with the minimal earnings you get from Missions, it doesn’t yield much savings. Say you start with 50 cents for completing a Mission or two and each month you earn $1 more. In five months, your total savings would equal a whopping $5.53.

You can take a bit more advantage of the APY by setting up recurring deposits, either weekly or monthly, from a linked external checking account. However, even here, Blast limits your savings abilities. The minimum daily deposit amount is $5, while the maximum is only $50. This doesn’t offer much ease or convenience if you’re trying to move around bigger sums of money.

Further, all deposits cannot exceed a combined daily maximum of $100. This includes any recurring deposits and deposits from Blast’s Game-Based Savings feature. This optional feature allows you to save 1 cent for every minute you spend playing any Blast game on your Android. This isn’t a cash reward paid by Blast, though. The money comes out of your personal checking account. You have to earn at least $5 for a Game-Based Savings transaction to go through — which equals more than eight hours of gameplay. However, transfers cannot exceed $10 in a seven-day period. All Blast transfers take one to two business days to fully settle.

You can also transfer money from your Blast savings account to a linked checking account or PayPal account. The minimum daily withdrawal amount is $5. Transfers out of a Blast account will take four to six business days.

Blast fees and fine print

It’s pretty free to open and use Blast. There are no monthly or annual fees.

The only fee you’ll have to keep an eye out for is the 30 cent PayPal transaction fee when you make transfers from your Blast account into a PayPal account.

There are a few steps you have to successfully complete when using the Blast app to earn your Mission rewards. Once you’ve chosen a Mission, you’ll have to hit the “Connect” button. You have to connect through the Blast app before a Mission expires to be eligible to receive Mission rewards. You must also start and finish a Mission on the same device for it to count.

Additionally, to earn Mission rewards, you must not have previously installed or played the game on your device outside of the Blast app.

You can use Blast with almost every game in the Google Play Store, offering the chance to earn just by having an Android. Compatibility with the Apple App Store, Steam and other PC and console titles is not yet available, but it is planned in the future.

As for security, Blast doesn’t play around, implementing bank-level security — provided by Plaid — and maximum FDIC — through a Wells Fargo For the Benefit Of (FBO) account — insurance for a fun and secure experience.

Opening a Blast app account

Blast is only available for Android users. You can sign up online to be placed on the iOS waitlist.

You can find the Blast app in the Google Play Store. To create an account, you’ll need to provide your email. You don’t need to link an external checking account right away, but you’ll need to eventually if you want to transfer your Blast rewards out.

Now, you’re ready to play — and earn.

Advertiser Disclosure: The products that appear on this site may be from companies from which MagnifyMoney receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). MagnifyMoney does not include all financial institutions or all products offered available in the marketplace.

Lauren Perez

Lauren Perez |

Lauren Perez is a writer at MagnifyMoney. You can email Lauren here

TAGS:

Recommended by

This Cash Back Number May Surprise You

This Cash Back Number May Surprise You

Best Travel Credit Cards With No Annual Fee

Best Travel Credit Cards With No Annual Fee

Getting Approved For 1 Of These Credit Cards Means You Have Excellent Credit

Getting Approved For 1 Of These Credit Cards Means You Have Excellent Credit

Credit Cards Charging 0% Interest until 2021

Credit Cards Charging 0% Interest until 2021

Source: https://www.magnifymoney.com/blog/banking/blast-app/

« »

Szemere

Related Articles