Gather around for cashback news, trends and who’s using cashback programs and promotional marketing to build new business. We start in India where Paytm is offering consumers cashback in gold to promote sales and savings by consumers. The Aug 9 Amazon Great Indian Sale will also feature many cashback offers and big discounts.
Think luxury goods buyers aren’t concerned about price? Detroit-based startup Jewel shows that cashback is a powerful draw for luxury goods too. Amex and Delta Airlines are offering $160 cashback for $800+ spent on Delta travel using Amex. A cashback offer from a partnership between Zola wedding registry and Backcountry seems like a marriage made in heaven.
Santander introduced with its Ultimate Cashback Credit Card which gives cardholders 1.5% cashback on all purchases. Ebates is offering up to 12% cashback on 300 retailers in a special one-day Member Appreciation Day. Walmart is promoting its Walmart MoneyCard with up to 3% cashback rewards and bank-like features such as bill pay and money transfers.
Paytm: Paytm wants to give you cashback in GOLD
Mobile wallet company Paytm has recently announced that it now offers consumer the option of receiving ‘digital gold’ as cashback on their transactions.
Launched in April, Paytm had partnered gold refiner, MMTC-PAMP to allow consumers to buy gold for as low as Rs 1. Under the partnership, Paytm wallet holders could purchase 24K 999.9 purity gold online and store it in MMTC-PAMP’s secure vaults free of charge.
On buying certain products on the Paytm platform, customers will get an option of a special promo code which will enable them to convert their cash back into Paytm Gold. Paytm pointed out that it has registered a trend over the last couple of months of customers increasing converting their cashback into Paytm Gold for long-term savings. Via economictimes.indiatimes.com
Amazon Great Indian Sale starts August 9: Prime deals, cashback offers, and more
Amazon India is set to host the ‘Amazon Great Indian Sale’ from 12 AM (midnight) on August 9 to 11.59 PM on August 12. The e-commerce platform will be offering deals on popular brands, and users can shop from over 100 million products options across hundreds of categories. These include Smartphones, Consumer Electronics, Fashion, Home & Kitchen, large appliances, Sports & fitness, and more.
Amazon Prime members can avail exclusive Prime-only deals including 30 minutes early access to top deals. People who recharge their Amazon Pay balance from August 4 will get an extra 15 per cent cashback up to Rs 300. The ‘Amazon Pay balance only deals’ will be available for products such as apparel, storage and home. Plus, Amazon will be offering instant 10 per cent to 15 per cent cashback.
During the Amazon Great Indian Sale, SBI will give an additional cashback of 15 per cent on app and 10 per cent on site when users pay with debit and credit card. The site has unveiled a ‘Guess Who’ game along with puzzles, which give users an early sneak peek of the products that will get deals during the sale. The game, puzzle will be live on August 7 and August 8 exclusively on the app. Amazon will put out a new puzzle every hour from 10 AM to 10 PM on both the days. Via indianexpress.com
This Startup is Tackling the Luxury Market In a Surprising City (and Winning) | Inc.com
From the shiny new Little Caesars Arena to the fast growing startup scene – Detroit is exploding with innovation, economic, and retail growth. And as Detroit grows so does its entrepreneurial spirit. The city’s grit, passion, and energy is what inspired a native Detroit entrepreneur to leave the bright lights of NYC to start a company in his hometown. Andrew Landau is the Founder of Jewel, a luxury ecommerce site that provides customers cash-back for shopping online from their favorite luxury stores.
Landau thought of the idea for Jewel by recognizing a trend that luxury retail is one of the most under represented online markets. Landau also has the industry experience – he’s a former Googler, early team member of Jet.com, and founder of VC-backed Chalkfly. And according to research from Walker Sands, online sales are expected to be an $80B market and capture over 40% of the luxury sales by 2020. So far, sounds like a ‘diamond in the rough’ kind of niche.
Jewel is designed so that both brands & consumers benefit through sales. Customers shop the luxury brands they like and get cash back for every purchase they make. For retailers, it’s a win-win, Jewel helps brands attract new online shoppers without degrading their brand in the process. Jewel does receive a commission for referring sales and they give part of that commission back to customers as cash back without any additional markups. They also partner with charities, allocating a portion of every sale (and don’t have membership fees, either). Via Inc.com
Amex Offer: $160 Cashback for Spending $800+ With Delta
Today, a valuable new Amex Offer just posted to certain American Express credit card accounts: $160 cash back when you spend at least $800 with Delta by October 7:
$800 would be a lot to spend on one trip, but the good news is that you don’t have to! The terms require you to spend “a minimum of $800+ in one or more transactions.” And, more than just flight purchases count toward that spending goal. The following add-on fees specifically qualify: upgrade fees, seat selection fees, baggage fees and even Sky Club memberships – as long as “Delta Air Lines is the merchant of record.” Via thepointsguy.com
Wedding registry startup Zola partners with Backcountry
Wedding registry startup Zola has partnered with online outdoor gear retailer Backcountry for an exclusive registry partnership, according to a company press release.
Engaged couples can now register directly for outdoor equipment from Backcountry, but only on Zola. Additionally, Backcountry customers can register for gifts, experiences, and cash funds on Zola. Backcountry will connect to Zola from its homepage.
The outdoor gift category has grown 20% since 2014, as the millennial penchant for experiences over stuff dovetails with the rising number of millennial marriages. Via retaildive.com
Santander Bank unveils Ultimate Cashback
BOSTON — Santander Bank has introduced its new Ultimate Cash Back Credit Card that earns cardholders an unlimited 1.5 percent cash back on all purchases with no cap and no annual or transaction fees.
“The Ultimate Cash Back Credit Card is the most straightforward card on the market. With easy-to-understand rewards and no surprise restrictions buried in fine print, whether cardholders are dining out, gassing up the car, buying groceries, or making any number of routine purchases, big or small, they will get 1.5 percent of their money back without paying any hidden fees,” said Ravi Acharya, Santander Head of Consumer Lending and Innovation, in a company statement. Via itemlive.com
Today Only — Save an Extra 12 Percent at 300 Retailers
There’s a good chance you can get many things you need or want to buy for 12 percent less if you order them today.
That’s because it’s Member Appreciation Day at Ebates. This promotion runs until 3 a.m. ET Tuesday, and more than 300 retailers are participating.
To view a complete list of retailers participating in Ebates’ Member Appreciation Day, visit Ebates’ home page and click on “See All 300+ Stores,” which is written in green next to where it says “We’re Celebrating Our Members With 12% Cash Back.” Via moneytalksnews.com
Walmart MoneyCard Review: A Prepaid Card That Gives You 3% Cashback?
Do you shop at Walmart? If so, you might want to look into the Walmart MoneyCard.
The Walmart MoneyCard, which is issued by Green Dot Bank, has the potential to earn you up to $75 in rewards per reward year (12 consecutive months).
You can choose to have the card issued as either a MasterCard or a Visa. Just like the Walmart Saving Catcher, there are also apps for both iOS and Android devices for the card as well.
The MoneyCard can be used as an alternative to a bank account. It features free online bill pay services, and you can also send money for free to others who have a MoneyCard or another participating card issued by Green Dot Bank. Via moneypantry.com