A Stash card is a unique financial tool, formally known as the Stock-Back® Card, offered by the Stash platform. It functions as a debit card that helps users invest passively by earning fractional shares of stock on eligible everyday purchases. This innovative approach integrates spending with investing, allowing individuals to build their investment portfolio as they go about their daily lives.
Key Features of the Stash Stock-Back® Card
The Stash Stock-Back® Card is designed with several distinct features to promote accessible investing:
- Earn Stock on Purchases: Cardholders earn 1% back in stock on every swipe, effectively turning everyday spending into an opportunity to invest in companies they use and like.
- Monthly Earning Cap: There is a generous limit to how much stock can be earned, capped at up to $1,000 per month. This ensures substantial potential for investment growth through spending.
- Integrated with Investment Accounts: The card is seamlessly linked to a personal investment account within the Stash platform. This means the stock earned is directly deposited into the user's investment portfolio.
- Part of the Stash Ecosystem: The Stock-Back® Card is a core component of the broader Stash financial service offering. For instance, Stash+ subscribers gain access to additional features such as:
- Investment accounts designed for kids.
- Retirement accounts, including Roth IRA or Traditional IRA options.
- Automated investing through a Smart Portfolio, which helps manage investments based on user goals and risk tolerance.
How the Stash Card Facilitates Investing
The core idea behind the Stash card is to simplify and democratize investing. Instead of requiring users to actively transfer funds for investment, it leverages everyday transactions. When you use your Stock-Back® Card, a small percentage of your purchase is invested into a stock or ETF of your choice, or a selection of diversified investments based on Stash's intelligent recommendations. This mechanism encourages a habit of consistent, albeit small, investments, which can accumulate significantly over time.
Summary of Stash Stock-Back® Card Benefits
| Feature | Description |
|---|---|
| Card Type | Debit Card |
| Reward System | Earns 1% back in stock on every eligible purchase |
| Earning Limit | Up to $1,000 in stock earnings per month |
| Account Integration | Linked to a personal investment account; part of a comprehensive investment platform including options for kids, retirement, and automated investing through a Smart Portfolio. |
| Investing Method | Passive, everyday investing by turning spending into stock ownership |
By integrating spending with investing, the Stash card offers a practical and accessible pathway for individuals to grow their wealth and participate in the stock market without needing large lump sums or advanced financial knowledge.
