Slide sent out an email to users this morning advising of a negative development. When preloading your Slide account you can earn bonus cashback. The rate was previously 1% cashback when preloading with a credit card, Google Pay, PayPal, etc. and 2% with a debit card and Bit Pay.
They’re now dropping the cashback rate for prefunding with a debit card from 2% to 1%, although the 2% for prefunding via Bit Pay remains. Just in case you didn’t get the email, here’s what they’ve advised:
Thank you for being a Slide member! We’d like to inform you about a change to Slide balance. Starting today, July 1, members who add funds to their Slide balance using a debit card will earn an extra 1% cash back on their purchases instead of an extra 2% cash back.
As a reminder, Slide members may also prefund with a credit card to earn an extra 1% cash back or prefund with Bit Pay to earn an extra 2% cash back.
It’s disappointing that they’ve made an abrupt change like this as I’m sure there are some people who’d like to have prefunded their account with up to $1,999.99 with a debit card in order to get that extra 1% cashback before it ended.