Holiday shopping isn’t complete without hitting the big red bullseye store. We can’t be the only ones who go to Target to get shampoo, walk out with a new wardrobe, and still no shampoo. What if there was a way to shop your favorite stores while earning cashback and investing? Well, you’re in luck because this year shopping just got a little bit sweeter with a RoarMoney account from MoneyLion.
Read on to find out more.
How Can I Earn Cash Back at Target?
This year Target is releasing new 2020 Black Friday deals every Thursday all month long. Looking to find the perfect gift for the aspiring chef in your life? This 7-in-1 InstaPot is $40 off both online and in-store. But before you snag this killer deal, find out how you can earn cashback rewards on your holiday purchases.
With a RoarMoney account, you’ll earn rewards, cashback, and points by purchasing from select merchants, like Target, through the MoneyLIon app with your MoneyLion Debit Mastercard or virtual card. Merchants, rewards, and cashback opportunities may change daily, so check the MoneyLion app to verify availability and eligibility.
How Do Cashback Rewards Work?
Below are the ways you can capitalize on MoneyLion’s squad of cashback rewards opportunities.
Shake ‘N’ Bank
Just like it sounds, you physically shake your phone after qualified purchases and bank the cash reward. Follow these easy steps to start shaking and banking!
Download the MoneyLion app and Sign up for a RoarMoney account.
Set up your MoneyLion Debit Mastercard and/or virtual card for instant access.
Make a $10 or more purchase with your RoarMoney virtual card or debit Mastercard.
Receive a push notification prompting you to shake your phone and find your surprise earnings. If you don’t receive a notification, check the Rewards tab in your MoneyLion app. You’ll have 7 days to claim your Shake ‘N’ Bank rewards after a purchase
Earn cash back up to the full amount of your purchase (Max $120).
Rewards get direct deposited into your active MoneyLion investment account.
Watch your investment account grow while you shop.
Keep in mind, you must have an active MoneyLion investment account to receive your direct deposit reward.
Online CashBack Deals
Most people buy their everyday needs right from their phones. If you do this through the MoneyLion app you can bank cashback deals from your favorite merchants, like Target and Macy’s. Here’s how:
Download the MoneyLion app and Sign up for a RoarMoney account.
Set up your MoneyLion Debit Mastercard and/or virtual card for instant access.
Open the MoneyLion app, click the “Rewards” tab.
Scroll down to “Online Deals”.
Tap the merchant you prefer and click “ Activate Deal”.
Press “Shop Now” and browse right through the app or next screen.
Once you’re ready to purchase, use your virtual RoarMoney card or MoneyLion Debit Mastercard to earn points.
Earn points for every dollar spent.
After you’ve earned 2,500 points, you can redeem for $25 cash deposits in your MoneyLion investment account (active investment account is required).
Merchants and percentages are subject to change, check your app every day for updated information.
Priceless Surprises with MasterCard
Anytime the words ‘priceless’ and ‘surprises’ are together you can count us in! For simply using your MoneyLion Debit Mastercard, you’re automatically eligible for surprise rewards ranging from free cash, fun trips, and tickets to events. Mastercard will notify you if you’re one of the lucky ones.
Cashback of the Month with MoneyLion
Still, need to buy a few Christmas gifts? Right now is the perfect time to use your MoneyLion reward with MoneyLion’s Cashback of the Month. November’s offer is 2% cashback at Best Buy and Macy’s in-store or online! This is the perfect way to get some extra entries to qualify for Priceless Surprises.
Why Would I Invest My Cashback Rewards?
Not only is the MoneyLion app easy to navigate, but it’s also convenient and practical to use! You don’t have to jump through hoops to earn some extra cashback.
We’ll direct deposit your online cashback and Shake ‘N’ Bank rewards right into your active investment account to get your investment account kick-started.
Our personalized approach to investing is user-friendly and trouble-free. You determine how aggressive you’d like to invest, how much, and how often.
Once your preferences are all set up (which you can change at any time), you can let your investments grow in the background of life. Add additional funds or withdraw at any time, with zero asset-based management fees and no minimums.
Shop, Earn Rewards, And Repeat
The 2020 holiday season deals are overflowing this year, and savvy shopping is key! When you use your exclusive MoneyLion member cashback rewards, you can double (even triple) dip your rewards.
And if you don’t want to miss out on the hottest gifts of the year because of payday, consider Instacash. Borrow up to $250 with zero interest and no fees – instantly! This year just got a whole lot better!
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Disclosures
MoneyLion is a financial technology company, not a bank. RoarMoney℠ demand deposit account provided by, and MoneyLion Debit Mastercard® issued by, Pathward®, National Association, Member FDIC. RoarMoney is a service mark of MoneyLion. Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International. Funds are FDIC insured, subject to applicable limitations and restrictions, when we receive the funds deposited to your account.
Instacash® is an optional service offered by MoneyLion. Your available Instacash Advance limit will be displayed to you in the MoneyLion mobile app and may change from time to time. Your limit will be based on your direct deposits, account transaction history, and other factors, as determined by MoneyLion. Expedited delivery requires Turbo Fee. See Instacash Terms and Conditions for more information and eligibility requirements.
Rewards are subject to terms and conditions, see here.
Rewards are an optional service offered by MoneyLion
MoneyLion users with an active RoarMoney account are automatically eligible for this promotion. Please see the MoneyLion Cashback Promotional Calendar for the monthly promotional categories or specified merchants and cashback available. Use your Money Debit Mastercard or RoarMoney virtual card for qualified purchases in the category specified for each month between 12:01 a.m. on the first day of the month and 11:59 p.m. on the last day of the month to earn the cashback percentage specified on each transaction charge, up to the maximum monthly cashback available. Qualified purchases are purchases for goods and services made in the specified category for that month minus returns and other credits and do not include balance transfers, cash advances, loan proceeds, ATM transactions, finance charges, fees, interest charges, gambling transactions, peer-to-peer transfers from services such as PayPal, Cash App, or Venmo and unauthorized/fraudulent transactions (as determined by MoneyLion). MoneyLion does not determine which category code a merchant uses to classify itself and will not be responsible for any merchant code determination made by a merchant. Qualified purchases must be authorized during the applicable month to qualify for cashback. MoneyLion is not liable for transaction processing delays caused by merchants or any third-party vendors. Any cashback you earn will be credited to your RoarMoney account on or about the 10th day following the month in which you earned cashback. If your account is not in good standing at the time that the cashback credit would be made, you will forfeit the reward. MoneyLion reserves the right to cancel or modify the terms of this promotion or terminate a member’s eligibility at any time with or without prior notice. This offer is neither sponsored nor endorsed by Pathward, N.A.
MoneyLion does not provide, nor does it guarantee, any third-party product, service, information, or recommendation. The third parties providing these products or services are solely responsible for them, as well as all other content on their websites. MoneyLion is not liable for any third party's failure with regard to those advertised products, services, and benefits. These advertised products and services may not be FDIC insured or bank-guaranteed, and may be subject to a different privacy policy than MoneyLion’s. You should check individual offers, products, and services to become familiar with any applicable restrictions or conditions that may apply. MoneyLion may receive compensation from third parties for referring you to the third party, their products or to their website.
Instacash is a 0% APR cash advance service provided by MoneyLion. Your available Instacash advance limit will be displayed to you in the MoneyLion mobile app and may change from time to time. Your limit will be based on your direct deposits, account transaction history, and other factors as determined by MoneyLion. This service has no mandatory fees. You may leave an optional tip and pay an optional Turbo Fee for expedited funds delivery. For a $40 Instacash advance with a Turbo Fee of $4.99, your repayment amount will be $44.99. Generally, your scheduled repayment date will be your next direct deposit date. An Instacash advance is a non-recourse product; you will not be eligible to request a new advance until your outstanding balance is paid. See Membership Agreement and help.moneylion.com for additional terms, conditions and eligibility requirements.