MoneyMe: Bonus $75 Cashback for Approved New Freestyle Virtual Mastercard @ Cashrewards

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[Deactivated] on 28/04/2021 - 18:12 cashrewards.com.au (284 clicks)
Last edited 28/04/2021 - 18:22 by 1 other user

Special Terms

The cashback offer of $75 will be paid to the Cashrewards customer if the customer is approved for a new Freestyle Account. The cashback will be paid to your Cashrewards account after 30 days of opening your new Freestyle Account. You must have an active Cashrewards account to which the cashback can be deposited.

You are not eligible to receive the cashback if your Freestyle Account is closed or in default prior to the cashback being credited to your Cashrewards account.

The offer is not available in conjunction with any other MoneyMe offer and is only available to new Freestyle customers and is limited to a maximum of $75 cashback per customer.

You cannot transfer or assign your right to the cash back to any other person, and we accept no responsibility for any tax implications that may arise from the offer.

We reserve the right to, at any time, withdraw or extend the Offer or otherwise vary these T&Cs.

Participation in the offer is deemed acceptance of these T&Cs.

The Freestyle Virtual Credit Account is provided by MoneyMe Financial Group Pty Limited ACN 163 691 236 Australian Credit Licence 442218 (we/us/our).

Applications are subject to eligibility criteria including credit approval. Other terms and conditions may apply.

You can view the Freestyle Terms and Conditions by clicking here and MoneyMe’s Credit Guide by clicking here.

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• 

  chyawala on 28/04/2021 - 18:21

  They claim when buying with this that you get cash back in two days and paid directly to the virtual card. Is that cashrewards cash back?

  • 

    [Deactivated] on 28/04/2021 - 18:28

    Considering it's tied to the Cashrewards account, I would say yes. Hard to imagine a 2 day cashback from Shopback

  • 

    DerpFactory on 29/04/2021 - 09:54

    Is it 2 days or 30? I see both listed but one section says:

    The cashback will be paid to your Cashrewards account after 30 days of opening your new Freestyle Account.

• 

  z28 on 28/04/2021 - 18:21

  What is this ? Smells like loan shark.

  • 

    ATangk on 28/04/2021 - 18:23

    +1

    So is zip, latitude, afterpay, and the 100 new BNPL programs. It’s not if you can pay if off immediately.

    E: nvm this is straight up a credit card.

  • 

    lbft on 28/04/2021 - 18:27

    It's a plain old credit card, just they issue it virtually instead of sending you a physical card.

• 

  hanofee on 28/04/2021 - 18:25

  Is this a credit card?

  • 

    [Deactivated] on 28/04/2021 - 18:30

    Yes, except that you can't touch & feel it

    • 

      hanofee on 28/04/2021 - 18:36

      thanks, but with the cashback from CR going into the card, that'd function a bit like debit card, isn't it?

      • 

        [Deactivated] on 28/04/2021 - 18:39

        No. The cashback goes into your Cashrewards account, not to the credit card

  • 

    Pcoder on 28/04/2021 - 18:31

    +4

    I think so, although it describes itself as a line of credit (May be similar to an AMEX charge card)

    Here are the details (I don't see any benefit to this other than the no annual fee <= $3000 and No Monthly fee when balance is under $20):
    Limit: Up to $20,000

    Annual fee

    Fee
    Credit limit
    $0 - Up to $3,000
    $49 - $3,001 to $5,000
    $149 - $5,001 to $20,000

    Monthly fee
    $0 - Balance under $20
    $5 - Balance over $20

    Interest-free period
    Up to 55 days

    Interest rate
    16.99% p.a.

    *Other fees and charges may apply.

    • 

      INFIDEL on 28/04/2021 - 18:39

      +2

      The main advantage seems the tie in with CashRewards - for $75 cashback after approval + apparently fast cashback.
      Those Fees would need some management & consideration!
      Will wait for others feedback…
      Set a Reminder to revisit in a few days.

• 

  Bytelover on 28/04/2021 - 18:48

  +2

  $75 for a hit on your credit report.. Probably not really worth it if you're churning cards? Although it does seem pretty quick/easy money, and the CC offers haven't been abundant lately.

  • 

    Pcoder on 28/04/2021 - 19:09

    +2

    I'm a bit the same, I only see the benefit for this as being $75 but the downside being paper work and a hit on the credit report.

    • 

      and on 28/04/2021 - 20:34

      Exactly my thoughts. I shall give it a miss, I am afraid.

      • 

        paragon on 29/04/2021 - 11:25

        Can you guys please explain what you mean by a 'hit on the credit report'?

        I am thinking to sign up for this card, make some purchases and repay my balance immediately, get the cashback and keep my credit <$3000

• 

  coolsteps on 29/04/2021 - 02:37

  wasnt it $250 last time>? im waiting for a bigger offer.

  • 

    thomalfa on 03/05/2021 - 11:35

    is the $250 CB for spending $1k still apply?

    • 

      thomalfa on 14/05/2021 - 10:54

      i think no longer eligible… cant find nowhere…

      better ask from the CS

• 

  DerpFactory on 29/04/2021 - 09:55

  So you don't have to spend anything? Just open the account?

• 

  risaka on 29/04/2021 - 12:37

  +3

  $75 for a hit on your credit report is not worth it compared to ANZ offer with $0 fee + $800 value in credit card. (https://www.ozbargain.com.au/node/614545)

• 

  Juggernauto on 29/04/2021 - 12:55

  +2

  Pulled the trigger on this just for the cashback, but have to admit was a bit uncomfortable having to login to my bank to verify income and send photos of license and face :/

  Changed my bank password afterwards just in case

  • 

    elcheapo on 29/04/2021 - 13:51

    i'm out then definitely..

  • 

    Nom on 29/04/2021 - 14:58

    having to login to my bank to verify income

    LOL, that's a breach of all your internet banking T&Cs - good luck if you get breached and your bank knows you've done this 😁

    • 

      Juggernauto on 29/04/2021 - 16:10

      +1

      I have already changed the password so they can't do anything with the old password anyway

• 

  coolsteps on 30/04/2021 - 14:11

  yep its a worry so many apps now want to link to your bank account to verify income like Wemoney . i guess it saves sending in payslips and you can always change your internet banking passwords. CBA sent me an email warning me to change my password but im not too concerned apps have access as i dont have funds in that account.