US-based prepaid provider, RushCard has become the latest company to launch a new tool and a cash-back reward which aims to help its member’s budget and save.
The initiative, RushGoals, enables cardholders to create personal financial goals, put money aside in separate sub-account, and track their progress.
Cardholders can also make multiple goals by setting up multiple sub-accounts, all tied to a single Prepaid Visa RushCard.
RushCard said that in each month in which a cardholder maintains an average daily balance of $500 or more across their RushGoals sub-account, the cardholder will be rewarded with $2 that will be applied toward their RushCard fees.
“Millions of Americans have grown frustrated with financial institutions,” said RushCard founder, Russell Simmons.
“With RushGoals, we not only give customers money back, we’ll also help them realise their financial goals. This is just one of the ways RushCard continues to look beyond traditional prepaid card programs to create more tools to improve the overall financial well-being of our members.”