Status Cards

Status Cards is a credit card company that helps you build wealth. Its 2% cashback rewards card invests rewards in crypto, stocks, and ETFs -- turning your spending into an investment automatically.

Status Cards has secured all of the commercial agreements needed to launch its credit card and is planning its beta launch in Q4 2022. It has an embedded distribution agreement with Status Money, enabling it to market the credit card to over 500K members.

Americans lose $7B a year to credit card reward program devaluations and inflation. Meanwhile, 60% of Americans live paycheck-to-paycheck and are unable to invest.

The Status create card helps customers build wealth simply by spending. Card members earn 2% cashback rewards on every purchase, which can be automatically invested in crypto, stocks, and ETFs - turning their spending into an investment that can increase in value over time.

Status Cards generates revenue from interchange fees and interest. It has a brand agreement with Visa which provides an effective interchange over 250bps on card spending and earns 50bps of the interest on the receivables with no credit risk.