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With the recent increase in online shopping, you have likely heard about cash back sites that return some of your money to you for each purchase you make through their website. I use many of these sites regularly, especially for larger purchases and things like hotels, flights and luggage. I’ve earned over $500 in cash back from Rakuten alone, so I definitely enjoy saving money this way.
After being on the waiting list for almost 6 months, I finally got the invitation to sign up for Bumped Stock Rewards, which is a marketplace that allows you to earn fractional stock (instead of cash back) at a wide variety of stores.
How To Get Started
- Open an Account – Apply for a Bumped brokerage account via the Bumped app.
- Select your Stock – Choose the stock you’ll get rewarded in. My favorite is Chewy!
- Browse hundreds of opportunities to shop online or in-store.
- Shop Online or In-Store. If shopping online, start your shopping through the Bumped app or website, and click on the store you want to purchase from. If shopping in-store, all you need to do is add the in-store offers from the app as shown below, then purchase through your linked credit card.
As I mentioned, we purchase all our dog food and grooming products from Chewy, and we already have stock with them, so I was thrilled to find a way to earn even more stock in their company through Bumped. I was surprised to see just how many stores they have in their marketplace – apparel, food, fitness, travel, electronics and many big box stores as well.
The good news is that there are no fees to earn stock this way, but it can take a while to get a significant amount of stock since you’re usually earning between 1-4% of your purchase price back in stock. Once you make a purchase, it will take a few days for it to show up in your account. When it comes to investing, patience and persistence pay off, so why not try this means of passive investment for purchases you’re already making?
Bumped used to be an invite-only platform, but thankfully now it’s open to everyone, so you can learn more and sign up for your own account here.
Do you know of other fractional stock reward programs? Please share in the comments.
Thanks for reading.