On Thursday, Vesdia Corporation announced it would be offering a credit card for each of its rewards programs (BabyMint, NestEggz, Stockback, and FundraiserRewards) that will deposit 1% of purchases into the member’s rewards program account. CEO Peter Davis calls it “sav[ing] with a purpose.” I call it spending.
If you’re going to pay your credit card off in full every month, this is a good way to get something for nothing… Otherwise, remember, your 1% in earnings will be offset by the 14% interest you’re going to have to pay on those purchases.
The cards (regardless of the program they’re affiliated with) are offering you $25 to your rewards program account if you get the card and use it by June 15.
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a little deception in media relations here as they mention their online relationships as if they are part of their credit card program which they are not… at least specifically. Instead, every transaction can generate 1% which is not materially different than most credit card affinity programs.