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Soleron said:

1. Even if you don't think so, your reward neurotransmitters will likely compel you to search more often than you otherwise would have. It will be costing you time. If you were doing 125 searches/week before you signed up then you're addicted to the internet and that's a different problem.

2. Just because it doesn't cost money doesn't mean it is free. Your data will be sent to third parties which will, especially as this kind of data collection is used more, result in junk mail, cold calling, unwanted sales pitches, a change in what is shown to you on shopping websites. Even if that's just a small risk, 1 dollar/week is not good enough to be worth the chance of that happening.

3. You'll be spending 10 minutes a week checking your points or redeeming something. 10 minutes at US minimum wage is a dollar, right?

Do not say things that are patently false or that you have no proof there of.

When you setup an account with Microsoft, you can determine how your information is used.  Whether or not your information is shared with third parties, or even if it's used within Microsoft for promotional purposes.

Your search information is not shared unless you allow it to be shared.