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With inflation reaching a 40 year high just a few months ago, we've all experienced the very real pain of watching our rent, gas, and food bills rise over the last 18 months. Because of this, it's as important as ever for people to take control of their finances and make sure they are investing for their future. That's why we're thrilled to officially announce the launch of the Apollo Stock-Rewards debit card - a one of a kind card designed to help you fight inflation and build long-term wealth.
Unlike most debit cards, which offer zero rewards, Apollo offers a new class of rewards points - real shares of stock. For every purchase made with your card, you receive a guaranteed percentage back in a stock of your choice. There's no limit to how much stock you can earn. Watch your stocks grow in value over time or easily sell them for cash whenever you want. This makes it easier than ever to start investing in the stock market.
In addition to the guaranteed stock rewards, we wanted even more ways for you to build wealth with your Apollo card. That's why we came up with Stock Packs - an exciting way for you to grow your investments even faster. Every pack contains a random amount of stock valued between $3 and $1,000. Whenever you make a purchase with your card, you'll earn points that can be redeemed for packs.
Yes. When you deposit money into your Apollo account the funds are held in an FDIC insured checking account at our partner bank Piermont Bank, Member FDIC.
Yes. We offer both a free basic rewards plan as well as a paid subscription plan with premium benefits.
Every time you make a purchase with your card we generate a small amount of revenue from what's known as interchange fees. We pass all of this revenue back to you in the form of rewards. We also make money from paid subscriptions to our premium rewards plan.
This is just the beginning for us. Here's some of what you can expect in the future:
- More ways to earn stock with your Apollo debit card
- Buy stocks & ETFs
- Earn stock as APY on your uninvested cash
Have an idea or thought you'd like to share with us? Send us an email at hi@withapollo.com. We love hearing from you!
Thanks,
The Apollo Team
Apollo is a financial technology company, not a bank. Banking services provided by Piermont Bank, Member FDIC. The Apollo Mastercard® Debit Card is issued by Piermont Bank, Member FDIC, pursuant to license by Mastercard International Incorporated. Mastercard is a registered trademark, and the circle design is a trademark of Mastercard International Incorporated. Spend anywhere Mastercard is accepted.
Five Money, Inc and Alpaca Securities LLC ("Alpaca") are not affiliated and neither are responsible for the liabilities of the other. Technology is offered by Five Money, Inc.
Brokerage services are provided by Alpaca Securities LLC ("Alpaca"), member FINRA, a wholly-owned subsidiary of AlpacaDB, Inc. Clearing services are provided by Velox Clearing LLC (Velox) and Vision Financial Markets LLC (Vision). All three are members of the Securities Investor Protection Corporation (SIPC), which protects securities customers of its members up to $500,000 (including $250,000 for claims for cash) per customer. Explanatory brochure available upon request or at www.sipc.org.
This is not an offer, solicitation of an offer, or advice to buy or sell securities, or open a brokerage account in any jurisdiction where Alpaca is not registered (Alpaca is registered only in the United States).View Alpaca's disclosures at: https://alpaca.markets/disclosures