Saveback enables you to earn while you spend. You get 1% Saveback of your eligible card payments invested into the savings plan of your choice. You can earn a maximum of 15 EUR through Saveback each calendar month, i.e. up to a transaction volume of 1.500 EUR per month.
How it works:
You start accumulating Saveback as soon as you order your card and start spending. In order for your accumulated amount to be invested, you need to activate Saveback and select an existing savings plan:
- To enable Saveback, select the Saveback benefit from the Benefits section under Card in your Profile tab.
- To receive Saveback:
- The first time you activate Saveback, you have to set up a 50 EUR savings plan for the next month.
- To keep receiving Saveback in the following months, you must invest at least 50 EUR in savings plans per calendar month (through weekly, bi-weekly or monthly savings plans). Quarterly savings plans don't qualify. The 50 EUR in savings plans can be spread across multiple savings plans.
- You can earn a maximum of 15 EUR through Saveback each calendar month.
- Once Saveback has been activated, 1% of the transactions made with your card are accumulated monthly and invested in the savings plans asset you have chosen. Please see this article Why did I not receive my Saveback? for a list of excluded transactions.
- The amount of your Saveback is invested on the 2nd of the following month (If the 2nd falls on a weekend or non-banking day, the investment will take place on the next banking day) provided you have fulfilled the requirements mentioned above during the previous month, else the reward expires.
- The earned Saveback for the previous month is reset at 2am on the first of the month. This means that if you make a transaction at 1:30am for instance, this will be added to the previous month's balance or not taken into account if you have reached the 15 EUR limit.