Quiz Question of the Month (October 2019)

October 16, 2019

Raiz Rewards gives you a cash reward every time you shop with over 200 brands via the Raiz App.

Imagine through Raiz Rewards, you get a weekly $5 bonus in cash rewards invested back into your Raiz account. Assuming returns of 7% p.a., approximately how much would your weekly bonus rewards be worth after 10 years?

A. $1,150

B. $3,750

Show answer

The answer is B!

While $3,750 is your total cash rewards saved, $1,150 is the potential return earned from brands paying you a cash-forward in cash rewards and investment returns!

This is a simple illustration to show the potential of investing small amounts regularly and doesn’t take into account all variables like the time value of money and returns are assumed to be net of fees.

Raiz Rewards is our cashback or rather “cash-forward” loyalty program, accessed on the Raiz mobile app or website. We’ve transformed loyalty by giving you the opportunity to earn cashback with some of your favourite brands.

Raiz Rewards is real cash investments, not points.

Since inception, we have invested over $900,000 back into our customers’ Raiz Invest and Raiz Super accounts, with the average Raiz Reward of $5 invested back into a customer’s Raiz account per reward. With over 200 brands in Raiz Rewards, there’s a high chance we have the brands you already shop with online.

If you have answered this question from our “Chance to WIN – Quiz of the Month” email, you are now in the running to WIN one of 5 x $50 bonuses invested into your Raiz account. If not, simply check for an email titled “Chance to WIN: $50 bonus”, answer this question within the email and you will automatically be in the draw for the month!

What brands do we partner with?

We partner with many local and international brands across a variety of categories in our Raiz Rewards section. We currently have partners in fashion, food, travel, tech and more.

We’re also constantly on-boarding new partners so be sure to check the app and any communications about new partners. This means more opportunities for more cashback into your Raiz account.

Keep an eye out for our new Raiz Rewards interface with an improved experience, including a search bar and categories, rolling out soon!

Start earning cashback through Raiz Rewards now in the Raiz mobile app or web app:

Don’t have the Raiz App?

Download it for free in the App store or the Webapp below:

download-raiz-app — Click to download the Raiz app

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Important Information

The information on this website is general advice only. This means it does not take into account any person’s particular investment objectives, financial situation or investment needs. If you are an investor, you should consult your licensed adviser before acting on any information contained in this article to fully understand the benefits and risk associated with the product.

A Product Disclosure Statement for Raiz Invest and/or Raiz Invest Super are available on the Raiz Invest website and App. A person must read and consider the Product Disclosure Statement in deciding whether, or not, to acquire and continue to hold interests in the product. The risks of investing in this product are fully set out in the Product Disclosure Statement and include the risks that would ordinarily apply to investing.

The information may be based on assumptions or market conditions which change without notice. This could impact the accuracy of the information.

Under no circumstances is the information to be used by, or presented to, a person for the purposes of deciding about investing in Raiz Invest or Raiz Invest Super.

Past return performance of the Raiz products should not be relied on for making a decision to invest in a Raiz product and is not a good predictor of future performance.