Bumped App Review

Are you looking to turn your everyday spending into investment? Do you want to build up on stock investment rationally? Then you have landed at the right place. There is an app called Bumped which is one of the best ways to maintain investments in stocks. It is an ideal application for those who are looking to earn through stocks. While searching for good investment options Bumped ensures that the users are able to convert everyday spending into investments. The app claims that one can get stock rewards each time they spend their money.

It is essentially a cashback site with a bit of a twist. Yes, you read that right! The twist lies in the fact that instead of earning cash just like on normal cashback sites it allows one to earn in stock investment based on the cashback rewards of the user. But one needs to understand it fully so that it can offer maximum earnings to the user. For that, there needs to be a thorough understanding of the opportunities the app offers. Continue to read so that you can gain useful insight into this app.

Link your credit/debit card

The best way to earn is by linking the credit or debit card under your ownership then you can easily earn the rewards available on your purchases. In order to link the card the user needs to apply for a brokerage account on Bumped. This is a mandatory step since the user needs to have a brokerage account to buy and sell securities like stocks, bonds and mutual funds. The account gets approved within a day or two after that one can link the credit or debit card to start accumulating rewards. Once the user starts using the card for physical or online purchases they can start to earn rewards.

Loyalty programs

It is also possible to earn rewards by joining loyalty programs. The user is able to see the loyalty programs once they log on to the app to earn stocks of that company. After joining the loyalty program the user needs to make a purchase to earn fractional shares of the company that is offering the loyalty program. The number of shares earned depends again on the amount of purchase.

Referral Programs

One can also earn additional rewards by inviting others to join the platform. This is similar to how it is done on other applications as well by sharing the particular invite link with the people you want to invite. This will lead one to earn $1 across the chosen stock picks. But having said that it is also important to note that the people which are being invited are also actually interested in earning from the website and investment.

How to get paid on Bumped App

The user does not get paid in cash while spending on Bumped App. However, earning is in the form of fractional shares of companies which have partnered with the app. While setting up the brokerage account the app asks the user to pick from three different stock options.

When the user makes the purchase which qualifies for a stock reward it will take some days to process the transaction since it gets settled with the bank first. After it is settled it shows up in the Activity tab.

Once the purchase has been processed the app will order the stock rewards earned. The reward status is automatically updated to “stock ordered”. Once the stock has been ordered the stock rewards take a few more days to hit the account. Then, the user is able to do whatever they want to do with the stocks.

The payment system is similar to as compared to other cashback sites and online rewards sites.

How much one can earn

The amount of money earned from Bumped will depend on spending habits. If one uses their credit or debit card often the chances to earn stock rewards increase. This is also true in the case of online shopping. The app has partnered with many stores where one can shop from. The cashback rate is usually from 2% to 5%. However, other cashback sites also offer higher cashback rates. So if one is looking for investing in the long run this is the best option so far.

The app can be both used on Android and iOS app. It is a versatile app. This app is user-friendly which makes it further easy to use and understand and can also be easily used on mobile. Plus there are no pop-up ads while using the app. All the features of the web-based app are available in the app. So, one can easily work in the app without logging on to the website.

Who can join Bumped app?

It is only available in the U.S. The registration process is simple and straightforward. After providing the email address and password it is done but one has to wait for the brokerage account application to be approved first. After the registration process is completed it will take one day for the application to be accepted and approved.

Support Center

If one has any queries regarding the account or website in general the support centre can be easily reached which is easily accessible through the member dashboard. But the support centre also pretty much covers most of the topics so it is advisable to check those first.

Final Verdict

The Bumped App is a legit cashback platform offering something unique that other websites do not offer. It has its good aspects along with a few limitations which also need due consideration. The pros are that it offers unique rewards and the user-friendly aspect of the app. The cons are that it offers limited earning opportunities, not offering cash rewards and has low cashback rates as compared to other cashback sites.

If any investor aims to own stocks of their favourite brands this is the perfect platform to join. For cashback-based rewards, other options are available that offer better rates the Bumped App.