The Bento Business prepaid debit card is offering something I haven’t seen before on a debit card: 2% cash back on all purchases. In their own words:
No caps, no rules, no exceptions. Just use your Bento card for all your business spending and receive up to 2% Cash Back* on ALL your purchases in November and December.
I’m arriving at this a little late, so I won’t be touching it. And FYI, it seems like you need a registered business to get this and there is no credit card funding, so I’m guessing most of you, if not all, won’t be interested either. Still, in case anybody’s feeling brave and/or bored…
Actually 1% up to $5K, 2% above $5K. I’m gonna give it a shot.
Let us know how it goes!
Not bad at all, my question is, how quick they’ll shut you down? Even you can’t fund it from cc, you can, just a quick thought:
1. buy MO from WMT, $1k cost you 70c, but you get $20 in return.
2. Bill pay at WMT, you can pay any Visa/MasterCard/Discover for $1.88 or less.
3. Payoff citi cards with debit funcation.
4. Payoff Fidelity Amex, that 2% from Fidelity plus 2% from Bento, gets you 4% CB in total.
You’re unlikely to squeeze much out of this small company. They raised $2.5M in February with 8 employees.