We’re excited to launch Raenest Rewards, a feature that allows eligible users to earn monthly rewards simply by engaging with their accounts. Here’s a full guide on eligibility and how rewards work.
What are Rewards?
Rewards is our way of giving back to active users. Each month, eligible accounts can earn rewards based on their USD wallet activity.
Why is Raenest Introducing Rewards?
Thanks to new partnerships that have helped us reduce costs significantly, we’re able to share these benefits directly with you. Our mission is to be a trusted financial platform for African businesses, offering robust tools to help manage and grow your funds anywhere, anytime. Rewards is our way of thanking you for choosing Raenest as part of your journey.
How Does It Work?
To qualify for Rewards, these key factors are considered:
- Eligible Balance: Only funds in your USD wallet qualify; card balances aren’t included in rewards calculations.
- Monthly Activity: Rewards are influenced by transaction volume and fees paid in the previous month.
- Average Balance: A minimum average balance of $100 in your USD wallet during the prior month is required. This balance may also influence your reward amount.
How Are Rewards Calculated?
Rewards are determined based on the following activities:
- Receive Money: Direct deposits into your USD account.
- Spend with USD Card: Purchases made using your USD card.
- Convert Funds: Currency conversions from your USD wallet to other currencies.
- Average Balance: Higher balances and active usage may lead to greater rewards.
Conditions for Receiving Rewards
- Account Status: Your account should be in good standing, without restrictions or active investigations.
- Reward Credit Date: Rewards are credited to your Rewards wallet on or before the 10th of each month.
Tips for Maximising Rewards
- Stay Active: Regular transactions, including receiving, spending, and converting funds, can positively impact your rewards.
- Maintain Good Account Standing: An unrestricted account is essential for eligibility. Please review our Terms of Service for details.
Frequently Asked Questions (FAQs)
Q: Do funds in my card balance count toward rewards?
A: No, only funds in your USD wallet are eligible.
Q: When will I receive my rewards?
A: Rewards are credited to your Reward wallet by the 10th of the following month.
Q: Can my reward amount vary each month?
A: Yes, your reward varies based on your account activity, transaction volume, and average USD balance.
Q: What types of transactions contribute to my rewards?
A: Receiving money, spending with your USD card, and converting from your USD wallet all contribute.
With Rewards, your account activity works for you. If you have further questions, feel free to contact our support team, support@raenest.com.
