The Gradifi MasterCard Debit Card Is Here!

What do daily coffee runs, weekly trips to the grocery store and monthly gym memberships have in common? They can all help pay down your student loans. It’s true, we promise!

Our primary goal here at Gradifi is to alleviate the burden of student debt. We do that by helping people earn extra payments toward their student loans. Those extra payments can come from direct contributions from employers, or from rewards that you earn by engaging in various activities at Gradifi. That’s why we’re so excited to announce the availability of the only debit card that helps pay back student loans.

Powered by Radius Bank, the Gradifi MasterCard debit card helps to pay down student loan debt when members use the card for everyday purchases. Members can earn an unlimited 1.00% in Paydown Rewards™* on all non-PIN-based transactions made with the Gradifi MasterCard debit card. All this is available to members when they open a Radius FDIC-insured free checking account.

Every month, Paydown Rewards™ are applied directly to your student loans in the form of extra payments via Gradifi’s secure payment processing platform. Card holders have the potential to take months off of a student loan simply by using their debit card to make everyday purchases. If they have an employer who also makes direct contributions through Gradifi’s SLP Plan™, they can shave thousands of dollars and a couple of years off the loan. An extra $100/month can reduce overall student loan costs by 20% and take over 2 years off the life of a loan**.

Are you ready to get out of debt faster? We thought so. You can learn more by visiting our website and registering to become a Gradifi Paydown Rewards™member.

*Gradifi Paydown Rewards are only earned on non-PIN-based purchases made with a Gradifi MasterCard Debit Card. These are “credit” purchases that can be made in stores and online. To make a non-PIN-based purchase, select “credit” rather than debit at point-of-sale kiosks. The “credit” option is most often pre-selected when making purchases online using a debit card. Online subscription payments may not be considered non-PIN-based purchases. The payment transaction type (signature-based or other) is ultimately decided by the merchant and how the transaction is transmitted to Radius Bank at the time of processing. A Radius Bank Gradifi Rewards Checking account and Gradifi account are required to participate in this program. Radius Bank and Gradifi reserve the right to modify or discontinue this program at any time. If the program is modified, participants will receive a 30 day notice. All deposit accounts are FDIC insured to the maximum allowed per depositor.”

**Estimated savings assume a starting loan balance of $35,000, with an interest rate of 6%, and a 10 year repayment period.