Introducing the Save® Wealth Card, the world’s first high-yield credit card that offers market returns instead of points or cash back
The Save Wealth Premium credit card is expected to have the highest return potential of any premium card available with an average return of 6% per year1 on all purchases with no cap, category restriction or minimum. Card returns are not guaranteed and customer may receive more or less than average returns depending on market performance. The Premium Wealth card has an annual fee of $750 and will also provide access to typical premium card benefits, including increased investment and potential returns for purchases made with favorite brands from Save, Tesla, Apple, Microsoft, Samsung, Amazon, Wholefoods, SoulCycle and Peloton.
The Wealth Map will match client spending with investments in personalized portfolios that are expected to include globally diversified allocations, sustainable investments and alternative assets with managed crypto exposure. Clients keep all investment returns (less the 0.79% Save Wealth management fee), with a minimum return of 0%. The first users of the card will receive $10,000 in equivalent investments2 to register to receive the card. Existing customers can receive $5,000 in equivalent portfolio investments3 for referring others to the Wealth Map. Both receive the returns from these investments after one year.
“We are very pleased to partner with Visa on the rollout of the first Save Wealth credit cards,” said Michael Nelskyla, Founder and CEO of Save. “The Wealth Card is designed for consumers looking for the potential for greater economic value from their credit card in an environment of low interest rates and high inflation.”
“At Save, we believe the benefits of market returns should be extended beyond traditional investment vehicles,” said Adam WattsPresident and COO of Save.
“I am delighted that Visa will be a partner for Save in this upcoming card launch,” said patrick williams, Head of North American Digital Partnerships at Visa. “With the Wealth Card, Save is giving consumers more options to maximize their purchasing power.”
The card also provides access to Save’s enhanced FDIC-backed cash management tools, including a Premium Market Savings Account and a High Yield Checking Account, which currently pays 0.50% interest on cash deposited. No account has a deposit limit outside of the $250,000 maximum eligibility for FDIC insurance provided by Save’s banking partners.5
Save partners with Visa as the payment network for the Wealth Credit Card and Apex Clearing Corporation, member FINRA/SIPC, provides brokerage and clearing services for securities traded with Save. Additionally, Save is partnering with Solid as a FinTech platform provider for Save’s banking and card infrastructure. Save serves as a fiduciary advisor to manage clients’ investments on their behalf. The Save investment advisory fee only applies if the client’s corresponding investments generate a return of at least this amount.
Save invites new customers to order their card now on: https://joinsave.com/
About Backup Advisors
Save Advisers LLC (“Save®“) is an SEC-registered investment adviser that intends to bring sophisticated investing to everyday people who want higher returns on their money without the higher risks of the stock market. Save was created by a team of financial industry veterans and technologists with experience in such highly respected financial companies and organizations such as Goldman Sachs, UBS and NASA. joinsave.com. Follow and Connect with Save On LinkedIn, Facebook, instagramand Twitter.
About the solid
Solid is a modern FinTech platform that offers banking, payment, cards, and compliance as a service. Solid’s mission is to enable every software publisher to become a FinTech company. Solid is headquartered in San Mateo, California, and assembled a global team, with deep industry experience launching and scaling FinTech products. Solid is backed by Headline, Base10, Grishin Robotics, Techstars and Abstract Ventures. www.solidfi.com
1 Average annual returns are based on the hypothetical retrospective performance of the Moderate Savings Portfolio from 2006 to present and are net of fees. To obtain the return of the Save Wealth Card, Save buys a security linked to the strategy whose investment value is equal to twice the dollar spent. Back-tested hypothetical performance is not a guarantee of future performance and actual results will vary. Returns are subject to change daily. The minimum return will always be at least 0%. All return figures shown are for informational purposes only and are not actual customer returns. For more detailed information, please see Hypothetical retro-test.
2 As a bonus to listing, Save will purchase a strategy-linked security with an investment value equal to $10,000.
3 For each successful SEOSave buys a security linked to a strategy for each part whose investment value is equivalent to $5,000.
4 To obtain FDIC insurance coverage on your behalf, Save Advisers partners with various FDIC-insured member banks. The funds you provide will be deposited in accounts at one or more FDIC-insured partner banks. FDIC insurance coverage is limited to no more than $250,000 per qualified customer account per bank. Actual deposit insurance coverage may be lower if you have other funds deposited with the partner bank. You are responsible for determining the amount deposited in each account with partner banks and monitoring the total amount of your deposits with each partner bank to determine the extent of FDIC insurance coverage available under FDIC rules. . Learn more about: https://www.fdic.gov/deposit/deposits. Only the funds you provide will be deposited with partner banks and will be eligible for FDIC insurance. Market returns are held in your Save Apex Clearing account and are not FDIC insured, not bank guaranteed and may lose value. Maximum balance and transfer limits apply. Neither Save Advisers nor its affiliates is a bank. Apex Clearing Corporation is a member of the Securities Investor Protection Corporation (“SIPC”), created by Congress to protect the “clients” of broker-dealers and to promote public confidence in the US securities markets. Clients of a financially unsuccessful SIPC member receive certain benefits under the Securities Investor Protection Act (“SIPA”). These benefits are only relevant if the broker “carrying” a client’s account goes bankrupt and is liquidated under SIPA. At Apex, your investments are protected by SIPC up to a maximum of $500,000 total, including $250,000 in cash balances. Coverage limits apply. To learn more about SIPC coverage, visit the SIPC website at www.sipc.org.