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Co-founder at SaveUp here. SaveUp is absolutely free. Think of it as a rewards program that is scalable to any financial instrument. You can earn SaveUp credits
by ssx 15y ago
Co-founder at SaveUp here. SaveUp is absolutely free. Think of it as a rewards program that is scalable to any financial instrument. You can earn SaveUp credits with an type of account ( ING Savings Account, Chase Credit Card, etc).
Basic concept is we reward you for good financial actions. We have sponsors and will get more sponsors to offset the prizes, as well as financial referrals.
- sunchild 15y agoSo, my "reward" is an advertising opportunity for banks, insurance companies, etc.? They better be offering some sweet deals.
- ssx 15y agoYour reward can possibly be $2million or any of the prizes on our site. We will never accept financial products that are not in the best interest of our users. Nor will we ever sell your information. We are just trying create an entirely new rewards program that is free and self sustaining. Our inspiration comes from Prize-linked savings. Check out this article about PLS. http://www.freakonomics.com/2010/11/18/freakonomics-radio-could-a-lottery-be-the-answer-to-americas-poor-savings-rate/ http://www.freakonomics.com/2010/11/18/freakonomics-radio-co...
- sunchild 15y agoIn the end, it will all depend on what offers you can secure from companies that like penny-wise customers. It's a very relevant demographic, for sure. I would think the pitches would be for savings and investment products, insurance, mortgage refi, coupons, group buys, and loyalty programs. It's a good business plan, but it really depends on the quality of the offers. Consumers have been conditioned to distrust financial/insurance products, since they are so often a scam wrapped in a scam – even when offered by the biggest names.