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The Slide App is made by the same company as the Raise app, used for buying and selling used or unwanted gift cards. So it’s not surprising that the Slide app takes a gift card purchasing approach with its Cash Back App! Similar to another cash back app I recently reviewed, the Fluz App, the Slide app works by purchasing gift cards within the app, then using those gift cards to pay for your purchases. With many cash back apps the amount of cash back from one store to the next will vary. So if you use a lot of different cash back apps, you may have to bounce from one to the next to see which app will give you the greater amount of cash back. Now if you use the Slide app, you know exactly how much cash back you will receive, so you just need to know which stores are available within the app! Well Slide has over 150 stores available to shop from within their app, and there’s no limit to the amount of cash back you can earn!
Also, if you choose to add funds to your Slide balance in advance, meaning just having a balance sitting in the app, you can earn an extra 1% in cash back! This seems like it could be a waste at first glance, considering it would be better to just make the gift card purchase at the time you are actually shopping. But have you seen interest rates at the moment?!?!? There are many banks that don’t even provide 1% in interest at the moment, and by adding cash to your Slide balance, you are essentially earning 1% on the cash you have sitting in this account, in addition to the 4% cash back you will receive for your actual store purchase! Didn’t think about that, did you? But don’t fully treat it like a savings account, you really just want to put money in here that you are planning to shop with anyway. So if you have a set budget for eating out or shopping for the month, and the stores you typically use are available in the Slide app, this would also be a great way to stick to your budget. Almost like a cash envelope system that earns you cash back! How to Use Cash Back
Slide has one of the lowest thresholds for withdrawing your cash back at just $15. Since all transactions have a 4% cash back rate, then you know exactly how much you’ll need to spend in order to earn enough cash back for withdrawal, $375. Many people spend that much each month between online shopping, eating out, and grocery shopping.
Once you spend $375 in total, reaching your $15 cash back minimum threshold, you can use Venmo or PayPal to withdraw your cash. Another option would be to use your cash back balance for future purchases, essentially giving you $4 worth of free purchases for every $100 you spend. In the spirit of the raise app, I wanted to add an old gift card I received as a rebate, and use that to add to my Slide slide balance. This earns me a total of 5% cash back since I’m adding it to my balance, vs going direct to a gift card purchase for a particular store. This old gift card had a balance of $12.82 left on it, so I couldn’t actually use it here. When adding a balance to your account, you have to add a minimum of $25 up to $1000 to your Slide Cash Balance. However when choosing individual stores for the regular 4% cash back, each store will have their own minimum gift card purchase amount. Most are either $5 or $10 as the minimum purchase amount. Cash Back Stacking Strategy
Since Slide requires you to purchase gift cards for your purchases, this limits your cash back stacking options. But have no fear, AJ Mobile Money is here to help you navigate the cash back stacking possibilities.
With every cash back stacking strategy, the 1st and most important factor is starting with a Cash Back Credit Card. Since the Slide App won’t allow you to qualify for any special categories for restaurants, travel, etc..then you want to use the credit card with the highest amount of General Cash Back. For me that’s the Citi Double Cash Card. With the Citi Double Cash Card I earn 2% Cash Back in ALL purchases, no matter the category! This means that on EVERY purchase I make using Slide, I can earn a minimum of 6% and a maximum of 7% cash back!
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