I wrote about 2 in store cashback programs the past few months – Get Pei and Bumped. Let’s look into each one of them.
Get Pei – I think they’re still in beta and a few of you are in it. There were some tracking issues at first, but I think that’s been resolved. I had an issue where it couldn’t find my BoA card even though it’s in my login, but that was eventually resolved too. They seem to respond to support issues and want to make the product better. They also dropped the earnings down to $5 per day per merchant. I’ve given them feedback that no one in the game cares about 5% back at Papa John’s when you can buy a PJ gift card for 20% off on Raise.
This business is tough since there are so many in store cashback programs. The average person has never heard of these companies. And the early adopters and influencers (aka us) want to find holes and hit it hard. So if they make it too generous, they’ll eventually go out of business. If they don’t make it too enticing, we’d never use it and tell anyone about the program. I feel that’s where we’re at with Get Pei.
Bumped – I’ve been using it for 2-3 weeks now. They do make you open a brokerage account since the cashback is in the form of the company’s stock. It take about 2-3 days from charge to when you get a notification that you earned some stock. I’m sure I’ll have to file taxes when I sell the stock (I’m guessing cost basis is $0 too so ouch.) Let me just say this about Bumped –
