Credit Card-Style Rewards- Now on your Debit Card!
If you’re anything like me (or the rest of the world), you chose your credit card company based on who could offer you the best rewards at the lowest interest rates. Now — imagine you could get those same rewards and more without the interest rates — on any of your existing debit or credit cards. Better yet, imagine you could cash out those rewards in Bitcoin or cash…
Welp, now you can with Pei!
Pei gets you cash rewards on over 38,000 locations (and counting!) by simply linking your cards, and spending as you would. Get more information on our merchants on last week’s blog 32,000 New Locations for Crypto Cash Back!
As you’ve likely noticed with your current credit card company, you receive points for every cent you spend. Visa, Mastercard, Amex, Discover, etc. all offer a number of additional rewards on top of cash for points. Pei works similarly — you earn points, which you can save for additional rewards or cash out in Bitcoin or cash.
According to this study from Mastercard’s 2018 Rewards Panel Consumer Survey, “Over 30% of loyalty users have not redeemed a reward in the last year or more.” It continued by saying, “Less than 50% of respondents could identify any of the benefits available on their cards.”
That is an astonishing statistic for credit card companies whose entire sales pitch is based on rewards programs!
The article concludes by saying “Loyalty programs should make it easy for consumers to personalize their redemption preferences, and use rewards anytime, anywhere and through any device.”
We completely agree, and we think Pei can do it even better.
Unlike the 50% of respondents for Mastercard, you’ll never question where you can receive rewards, how you get them, how to cash out, or where you can spend them with Pei. We offer you rewards without making you figure out how to use them. Your points are displayed clearly on our dashboard, telling you exactly how much Bitcoin or cash you received. (Stay tuned for updates on how to use Pei Points for even more easy-to-discover rewards!)
Pei also takes “personalizing redemption preferences” an extra step further by allowing you to cash out in Bitcoin or cash. (For more on using Bitcoin with Pei, check out our post from the other week here!) We think Lin Dai, co-Founder and CEO of Hooch, said it best when discussing using blockchain for their subscription drink service. Dai says Hooch aims to create a “decentralized model for consumer rewards.” Same Hooch, same!
If you’re looking forward to getting rewards on your debit card and double rewards on your credit cards, head to www.getpei.com to claim your spot on our waiting list! Pei is currently in Beta and invite-only, but we’ll have you on board in no time!
