Spending super-app HyperJar today launches up to 1.5% cashback on card spending, including the UK’s highest stated cashback cap.
New customers who sign up for a full account between 30 January 2024 and 28 February 2024 will get 1% on all monthly spending up to £500.00 and 1.5% on spending above this for up to seven months2.
The London-based FinTech - and UK’s top-rated digital wallet - launched Cashback Vouchers in Q4 2023, the first digital wallet to offer instant cashback on e-gift cards, straight into the app and ready to spend.
“Our exceptional tech allows for an almost infinite blend of different consumer rewards, discounts, and cashback that work alongside our spending control features. We’re delighted to launch this market-leading offer in one of the toughest months for personal finances,” says Nicola Longfield, HyperJar’s chief commercial officer.
HyperJar Cashback Vouchers
As well as cashback on every spend, HyperJar is the only digital wallet to offer instant money back on ‘Cashback Vouchers’ - or e-gift cards. Each of the 90+ retailers featured in the app offers rates of between 1% and 20% on the Voucher’s value. The cashback is paid immediately into the HyperJar account after buying a Cashback Voucher - so no waiting for points or a minimum amount to transfer - which is stored in the app ready to use in-store or online. HyperJar estimates that, when used for typical spending on things like groceries, fashion and eating out, their Vouchers could add an extra £500 a year to household budgets.
HyperJar key product details from 30 January 2024
• Unique account structure: customers can create unlimited sub-accounts within the app, shown as Jars, all of which can be linked to the smart HyperJar payments card for direct spending
• Up to 1.5% cashback on everyday card spending for up to 7 months
• Up to 20% instant cashback when you buy Cashback Vouchers with over 90 leading retailers
• Shared Jars with any other HyperJar customers to create pop-up digital kitties for group expenses. Set individual permissions for paying in and spending for each sharer and see a full list of Jar transactions showing who’s done what
• No added fees on FX spending, with Mastercard’s best rate passed on directly to HyperJar customers
• Customer deposits kept in safeguarded accounts at the Bank of England and other banks, governed by the e-money regulations of the Financial Conduct Authority