New Payment App Offers 4% Back on All Purchases

Paying with a phone
Photo by wavebreakmedia / Shutterstock.com

You may know that buying discounted gift cards on sites like Raise is a great way to save cash on many of your day-to-day purchases. Now, Raise wants you to slide into even bigger savings.

Slide is a new app from Raise that allows you to make contactless payments and earn cash back. Download Slide onto your iPhone, and you get 4% back on purchases you make via the app, whether you are shopping online or in a store.

Add funds in advance to Slide, and you’ll earn an extra 1% back.

Connecting your rewards credit card or Apple Pay to Slide allows you to “stack” rewards, so you earn even more. For example, if you connect a credit card that gives you 2% back on all purchases, you will earn an additional 2% on everything you buy through Slide.

Once you earn $15, you can cash out by having the money transferred into your PayPal or Venmo account.

Slide can be used for payments at more than 150 retailers and restaurants, including:

  • Bass Pro Shops
  • Chipotle
  • Dunkin’
  • GameStop
  • iTunes
  • Lowe’s
  • Panera Bread
  • Petco
  • Ulta Beauty
  • Under Armour

Thus far, Slide only is available for iPhone, although plans are afoot to offer it via Android.

Saving more money when you shop

Getting 4% cash back is a pretty sweet deal, but don’t stop there. Increase your savings by using a few clever gift card tricks.

For example, as we have reported, you typically can score great deals on gift cards at the end of the year:

“Each holiday season, scores of restaurants offer to give you free bonus gift cards when you buy a gift card at the regular price. That makes the holiday season of November and December the perfect time to stock up on these cards.”

So, start saving now to purchase gift cards in a few months from your favorite retailers. That way, you can save more on your 2021 purchases.

For more ways to save, check out “7 Money-Saving Gift Card Tricks You Should Know.”

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