The world’s first high-yield credit card packs a lot of value. Find out how the return potential makes it worth a spot in your wallet despite the annual fee.
Customers deserve better economic value from their credit cards.
That’s why Save is partnering with Visa to launch its first credit card — the Save Wealth Card.
Instead of offering cashback or air miles, the Wealth Card replaces rewards with investments. With an annual return potential of 6%¹ on every single purchase, your earning potential exceeds what leading premium credit card rewards programs deliver (Figure 1).
The card also comes with many other rewards like a signup bonus of $10,000 in equivalent portfolio investments² and a chance to increase your average return potential up to three times when you shop from brands like Tesla, Electrify America, SoulCycle, Amazon, Whole Foods, and more.
But what does this mean in terms of dollar value?
Let’s find out.
Signup bonus of $10,000 in equivalent portfolio investments²
Early adopters will get a signup bonus of $10,000 in equivalent portfolio investments² just for signing up for the Wealth Card. Referrals and bonuses like this have an average 3% return potential.5
Let’s break down what this means:
Once your credit application is approved, at the next trade date, Save adds $10,000 in equivalent investments² to your personalized investment portfolio.
Assuming the average 3% return potential is met, your returns will be about $300 after a little more than a year.¹
Any returns (minus Save’s 0.35% management fee if the annual return is greater than 0.35%) are yours to keep.
For the first year, the annual fee for each card—$750 for the Premium Wealth Card and $300 for the Plus Wealth Card—could be covered up to 40% and 100%, respectively.¹
6% return potential on every purchase¹
Unlike most premium credit cards, the Wealth Card has no category restrictions, exclusions, or cap on returns. Every dollar you spend is eligible for investment matching. This means that you can turn your monthly credit card bill into an investment. Assuming a 6% annual return potential¹ is met, here’s what your returns can look like, depending on your average monthly spend:
|Monthly credit card spending||Monthly earning potential¹||Yearly earning potential¹|
According to the return potential in the table above, spending just over $1,000 each month can almost cover the $750 annual fee of your Premium Wealth Card.
If credit cards are your preferred spending method, chances are you’re spending more than that. With the Premium Wealth Card, you can earn more from the money you’re already spending.
Triple the return potential on some preferred brands
A 6% return potential on everyday spending is great.¹ An 18% return potential3 is even better.
The Premium Wealth Card rewards you with a higher return potential from your investments when you purchase from preferred brands. Whether you’re a frequent Amazon shopper or a devoted Peloton member, there are many ways to earn more. Let’s take a look at how much you could earn with preferred brands using the Premium Wealth Card:
|Brand||Purchase||Return Potential3||Annual Earning Potential3|
|Amazon||$12.99/month Prime membership, Average annual spend for members is $1,000||9%||$14.02 (Prime membership), $90 (annual purchases)|
|Peloton||$39/month all-access membership||18%||$84.24|
|Apple||$1,999 MacBook Pro||12%||$239.88|
|Whole Foods||$200 grocery run||9%||$18|
These are just a few examples of what your investment earning potential can look like. Click here to see all of Save’s preferred brands.
So, does the Save Wealth Card deserve a spot in your wallet? With potential returns like these, it’s easy to see how the rewards and benefits of the Wealth Card can outweigh those offered by other premium credit cards.
¹ For the Save Wealth Card: Average annual returns are based on hypothetical back-tested performance of the Save Moderate Portfolio from 2006 to present and are net of fees. To achieve the return on the Save Wealth Card, Save purchases a strategy-linked security whose investment value is equal to two times the dollar spent. Hypothetical back-tested performance is no guarantee of future performance and actual results will vary. Returns are subject to change daily. Minimum return will always be at least 0%. All return figures shown are for informational purposes only and are not actual customer returns. For more detailed information please see Hypothetical Back-testing.
² As a signup bonus for the Save Wealth Card, Save buys strategy-linked securities whose investment value is equivalent to $10,000. This special promotion is subject to change at any time.
3 To achieve the potential returns for the Save Plus and Premium Wealth Card’s preferred brands, Save purchases strategy-linked securities whose value correlates with [or is determined by] desired portfolio returns. Save will increase each purchase of strategy-linked securities as necessary to create the client’s desired exposure needed to replicate the hypothetical back-tested performance return. For more detailed information please see Hypothetical Back-testing.
4 Average annual return of the Wealth Card is based on hypothetical back-tested performance in the Save Moderate Portfolio from 2006 to present. Return is net of the management fee of 0.79%. Hypothetical back-tested performance is not a guarantee of future performance and actual results will vary. Returns are subject to change daily. Minimum return will always be at least 0%. Save purchases strategy-linked securities whose investment value generates an average of the stated returns since inception. Card comparisons made based on public disclosures available by other issuers, assuming points are worth 1.5%, monthly spending of $3,500, and a $5,000 equivalent portfolio signup bonus for the Save Wealth Card, as well as, other signup bonuses for each respective card as of 11-23-2021.
5 Average annual returns are based on hypothetical back-tested performance in the Save Moderate Portfolio from 2006 to present and are shown net of fees. Hypothetical back-tested performance is no guarantee of future performance and actual results will vary. Returns are subject to change daily. Minimum return will always be at least 0%. The return figures shown are for informational purposes only and are not actual customer returns. For more detailed information please see Hypothetical Back-testing.