Quick Summary
Sharesies Investback is a unique programme for NZ users where a portion of your eligible everyday spending using your Sharesies Spend card is returned to you as investment credit. This credit is then automatically invested into a diversified fund within your Sharesies account, helping you grow your investments while you spend.
Details
Understanding Sharesies Investback
The Sharesies Investback programme is an innovative feature designed specifically for New Zealanders using the Sharesies platform. It's essentially a rewards system that bridges your daily spending with your long-term investing goals.
Here’s a breakdown of how it works:
- Spend with Your Sharesies Card: When you use your Sharesies Spend card for eligible purchases, a small percentage of your transaction value is tracked.
- Earn Investment Credit: Instead of traditional cashback or points, this percentage is converted into an 'investment credit' within your Sharesies account. The specific percentage and eligible retailers can vary, so it's always good to check the latest details on the Sharesies platform.
- Automatic Investment: Once you accumulate a certain amount of Investback credit (e.g., $5), Sharesies automatically invests this amount into a diversified fund on your behalf. This means your everyday spending actively contributes to growing your investment portfolio without you having to manually invest.
Investback is a fantastic way for Kiwis to passively boost their investments. It encourages smart spending habits and makes investing accessible even through small, regular contributions. To take advantage of Investback, ensure you have a Sharesies Spend account activated. You can explore more about Sharesies and its features, including Investback, by signing up at sharesies.com/r/P6DFSQ.