1. Overview
This promotion offers new, verified organization accounts in the United States the opportunity to earn up to $250 in cash rewards by meeting specific engagement milestones.
2. Program Milestones & Rewards
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.
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Note on Reward Spending: Any reward funds spent on qualifying purchases will be included in the total net settled spend required to reach subsequent milestones.
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3. Qualifying Spend & Exclusions
"Qualifying Purchases" are defined as the purchase of eligible goods or services, less any credits, returns, or adjustments.
- Exclusions: Cash advances, ATM withdrawals, P2P transfers (e.g., Venmo, Cash App), and wire transfers do not count toward spend milestones.
- Returns: Any chargebacks or returns will be deducted from your cumulative spend progress.
4. Reward Activation & Fund Locking
- Activation via Code: Users must activate their rewards during their onboarding call by creating a link in Switch using a specific promotional code (e.g., #promo50) provided by the Switch team.
- Restricted Money Pool: Once activated, reward funds are placed into a restricted spending account or money pool.
- Transfer Lock: The use of the # code mechanism technicality locks these funds within the Switch platform. These funds cannot be transferred to other accounts or off-platform via ACH, wire, or P2P transfer.
- Usage: These funds are exclusively available for debit card purchases using your Switch-issued cards.
5. Tracking & Visibility
- Timeline: Rewards will be credited to your account within 5 business days of a milestone being triggered.
- System of Record: Milestone progress and reward distribution are tracked via Switch's internal systems and external CRM (Airtable).