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Status Money
p/status-money
Empower People to Achieve Financial Prosperity
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Majd M
The Status Credit Card — Turn your spending into an investment automatically
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Meet the credit card that helps you build wealth. 2% cashback on every purchase that can be auto-invested in Bitcoin or other cryptocurrencies, a suite of financial management tools, and a financial advisor! All with no annual fee.
Replies
Majd M
Maker
Hi hunters, Did you know that Americans earn about $45B in credit card rewards annually? Sadly, they also lose about $7B a year to reward program devaluations (better burn those miles and points fast!). These stats led us to imagine what would happen if all those rewards were automatically invested -- kind of like a 401k, but funded by your spending rather than your income. Fast forward 18 months and we're now launching the Status credit card! It's packed with wealth-building benefits, including 2% cashback on every purchase which can be auto-invested in Bitcoin. Check it out and join the waitlist at: https://statusmoney.com/card Ideas and feedback are greatly appreciated.
Oleg Musin
Excellent project! Btw, do you calculate taxes?
Majd M
Maker
@oleg_musin Thanks! Yes, we calculate and withhold taxes when card members sell their invested rewards. We made it automatic and seamless because no one wants to file taxes for their credit card rewards.
Stuart Winchester
Congrats @majdmaksad and @statusmoneyusa! Great product and a great launch1
Kaan Akkanat
Great to see this coming to fruition - congrats Majd & team.
henricook
You lost me when you described bitcoin as an investment 😂
Failmane
It looks very promising! The minimalistic design of the map is an advantage. I wish you the best of luck with the launch!