NEWS
Rewards app re-launches with instant consumer savings during the costof-living crisis
One of the largest bank-powered rewards app in the UK , Cheddar , re-launches its loyalty app to become the essential financial companion for Brits in the spiralling cost of living crisis .
Cheddar 2.0 is packed with various tools for consumers to regain control of their finances , and make their money go further . Features include cashback immediately landing in the user ’ s bank account with no clunky experiences and wait times and receiving recommendations based on spending patterns .
Available to UK residents nationwide , the new app ensures consumers ‘ never pay full price again ’ – by linking their bank accounts and credit cards to access saving solutions relevant to their spending . New rewards are available on the app at higher return rates from 150 + retail giants such as Amazon , ASDA and Costa , so consumers make savings on essential spending like groceries and fuel .
The benefits don ’ t stop at saving and cashback . Cheddar 2.0 also gives consumers the power to split bills easily with anyone – no matter who they bank with – removing the need for awkward conversations and exchanging bank details . A new cash bonus referral feature has also been launched , to quickly introduce others to effective ways to save .
Luke Ladyman , COO and Co-founder at Cheddar , said : “ With the cost-of-living crisis eroding consumer purchasing power , people need a financial companion to help them spend smarter . Our new app harnesses the benefits of open banking infrastructure and the latest artificial intelligence .” eToro is working with BlackRock to offer retail investors access to core investing solutions
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