1. Program Overview
The Earning Rewards: $250 Cash Milestone Program offers new, verified organization accounts in the United States the opportunity to earn up to $250 in cash rewards by meeting specific spending engagement milestones.
2. Reward Milestones
To qualify for rewards, all milestones must be completed within 90 calendar days of your account opening date:
- Milestone 1 ($50 Reward): Awarded upon successful account opening and identity verification.
- Milestone 2 ($100 Reward): Awarded once the account reaches a cumulative net settled spend of $1,000 on Switch-issued cards.
- Milestone 3 ($100 Reward): Awarded once the account reaches a cumulative net settled spend of $10,000 on Switch-issued cards.
3. Qualifying Spend & Exclusions
"Qualifying Purchases" include the purchase of eligible goods or services, less any credits, returns, or adjustments.
- Settlement Requirement: Transactions must transition from "Pending" to "Settled" to count toward your progress.
- Exclusions: The following do not count: Cash advances, ATM withdrawals, P2P transfers (e.g., Venmo), and wire transfers/money orders.
4. Reward Availability & Usage Limits
- Timeline: Rewards will be credited to your account within 5 business days of a milestone being triggered.
- Non-Withdrawable: Reward funds are non-withdrawable and cannot be transferred off the platform via ACH, wire, or P2P transfer.
- Usage: These funds are exclusively available for debit card purchases using your Switch-issued cards.
5. Expiration & Forfeiture of Funds
- Inactivity Period: To ensure active utilization of the program, reward funds must be used within one year of issuance.
- Reclamation Right: Switch reserves the right to reclaim any untouched reward funds if there has been no debit card activity or fund usage for a period of 365 consecutive days.
6. Eligibility, Abuse, and Fraud
- Account Standing: To receive a reward, your account must be active and in good standing at the time the milestone is triggered and the reward is disbursed.