Digital-only bank platform N26 announced on Tuesday the expansion of its Perks rewards program through a partnership with Dosh, a card-linked offer platform, to help customers easily earn cash back when making purchases with their N26 debit card. N26 reported that through the partnership, account holders are automatically enrolled in the Perks program and can now earn cashback in various categories such as groceries, local businesses, big-box retail, and national quick-service restaurants.
“Unlike other rewards programs, customers will get money added directly back to their account without having to check back to ‘activate’ offers, calculate a confusing points system, or deal with limited ways to use rewards. Account holders are automatically enrolled and receive cash back rewards when spending with participating merchants which will appear as a credit in their main account every 15 days.”
While sharing more details about the program, Alexander Weber, Chief Growth Officer at N26, stated:
“The goal of our Perks program has always been to help customers save when spending with their debit card on brands they love. This is now more important than ever with the impact of the recent pandemic putting financial strain on millions of Americans. With this expansion, customers will earn cash back directly in their accounts when spending on more everyday essential items like gas and groceries.”
N26 then added that in addition to the new rewards offering launched today, it also recently added features that help customers reach their financial goals within the Spaces function, the free personalized sub-accounts that enable customers to save or allocate money how they want. The bank added:
“The new savings features allow customers to automatically set recurring payments from their main account to any given goal, or automatically round up every purchase and deposit the change into a space with an option to double, triple or multiply the round-up by five, offering more ways to help customers reach their goals faster.”