Save Company Credit Card with airSlate SignNow

Save company credit card

merry christmas everybody i hope you guys like my shirt if you're new to my channel hello i'm justin i love technology learning about it and decided to make a youtube channel to tell you guys about it today we're actually going to be looking at a tech company that has made well a bank basically to help canadians save money and earn money so if that sounds like something that you are interested in earning money and saving money stick around until the end of the video uh yes so thank you to everybody that has watched my videos and for the support and if you could support me more by hitting the like button down below that would be amazing because what that is going to do is help my channel to blow up like this prepare to be dazzled okay so yeah if you guys could leave a like down below but enough of that let's get into the video for today's video we're gonna be talking about something very new in fact so new there's not even a wikipedia page about it yet what i'm talking about is neo financial well their founders are a tech company that started them up and it's actually the same ceos that made skip the dishes so if you guys don't know skip the dishes is basically the canadian version of doordash but we also have doordash here so i don't know why skipthedishes was super necessary but the guys that made that were looking at how canadians save money now that they had this skip the dishes app they're always looking for coupons and promotions for their business and they started doing research and they found that over 16 billion dollars in rewards would be that coupons or whatever it is go unused in canada just in canada 16 billion dollars in rewards go unused that's a ton of money and that's just the stuff that doesn't get used and there's so many businesses putting promotions out there and they're not getting a lot of traction neo wanted to find a way to help the small businesses and also the consumers at the same time so they started up this new banking system which is amazing what i like about this is technology in our world we're constantly advancing and it's pushing us forward to think of new ways of going about things in daily lives be that banking or whatever it is we have these preconceived notions of what they should be but technology is pushing us in a new direction and neo has rethought of the way the banking should be so as of right now they have a savings account and a credit card that's it and then it's all controlled on an app on your phone okay so we'll talk about the savings account first because it's really interesting what they've done with the savings account and then we'll get into the credit card this savings account is a high interest checkings account basically neo was thinking why is it really necessary to have a checkings account and a savings account you know checking's account we use for daily withdrawals and daily purchases whatever connected to a debit card savings we just put our money there and it's very limited as to what you can do in a savings account without being charged what neo has done is combine the two so they have a savings account that you can make as many withdrawals as many deposits you can do whatever you want with no fees at all you have a 1.55 interest on the money that you put in there so if you put in ten thousand dollars you're going to get 155 dollars back per year and what they do is they compound this per day and pay you per month from the savings account i don't know if this is true but it says you can earn up to 30 times more than a traditional bank with their market leading interest rate and reach your goals faster it's a pretty high interest rate 1.55 but the nice thing is is you can move money however you want you can pay bills make deposits withdraw transfer all from your savings account there's no monthly fees no minimum balance no transaction limits and you can transfer money between savings accounts with neo to neo accounts or a mobile bank to a bank account and the way that they've designed their whole system is online it's on an app so you can control all from your phone and it's super easy and intuitive just looking at their stats here how it stacks up to a traditional bank their interest rate is a 1.55 savings rate sorry compared to a traditional bank which is .05 zero overdraft fees zero interact transfers zero bill payment fees neo-neo transfers mobile bank bank transfers and mobile check deposits is coming soon the only thing they don't have since it is a savings account is a check system so you can't actually write physical checks if that's something that you are looking to do with this bank but as far as everything else this is basically just a checkings and a savings account merged together which is genius okay now the next thing we're going to look at is the credit card itself so you download the app and you put in an order for a credit card so they send it in an envelope and they give you this along with a card that has an activation code on it to activate your credit card so there's a little pull tab here and the cool thing is i thought that this was going to pull down and your credit card was going to be on this but check this out comes out of the top i mean that's pretty cool right just if you want to impress somebody right off the bat do it from the unboxing of whatever item that it is that's a nice touch so the card itself is very sleek i like it says neo and then on the back i will cover up my credit card number but it has your name up here and then everything else so it is a mastercard and it's just a plastic card a lot of companies are doing now metal cards but this one's just plastic anyways the nice thing about this card is the point system that they have so credit cards they'll give you cash back or points for whatever you're using neo decided to do something interesting where they're trying to promote smaller businesses local businesses by giving you way more cash back on your first transaction at different places so if we open up the app here you'll notice that it has the account system first off so that shows you your credit and also if you have a savings account open which i don't at the moment that'll show you how much money you have there if you go over it'll show you the rewards now this is their big thing so you can search up top whatever you want to search for so let's go food and this will show you all the food in your area that neo has a point system for so they're just starting out they don't have all the companies on but if you've ever heard of the company streets uh street tacos you get four percent cash back when you eat there which as far as a normal credit card goes four percent is a lot so let's scroll through uh save on foods you get one percent back most of the bigger companies you only get one percent back netflix you also get four percent back on all of your purchases so we see 10 back 7 10 made foods 17 cashback on your first purchase now after the first purchase this is where it could get a little confusing is they do basically a punch card system so as it says here you make six purchases of 45 or more within 120 days and you will get six and a half dollars back after your last purchase so each time you go there you have to spend 45 dollars on all of your purchases once you hit that sixth purchase you're gonna get 650 back no matter what so let's just calculate that out really quick let's see here 45 times 6 is 270 6.5 divided by 270 times 100 2 and a half percent back which isn't bad a lot of other places will have more back but this is how their point system goes and small i've noticed that smaller companies have a higher reward so if there's a coffee shop or a comic book store or whatever that you've really been wanting to go to look on here to see if they have a reward system set up with neo a lot of companies do and they're continuing to grow which is really nice now the thing that i have to advise against doing is going onto here seeing a huge reward say 20 back and saying oh yeah let's go there because we'll save money but if you weren't already planning on going there then you're really just spending money on something that you weren't going to do anyways so if you're going somewhere look on the neo app to see if you can save most of the time it'll be on your first purchase there's a huge reward and then after that it's that punch card system but on average neo has calculated out that their credit card gives an average of four percent back across everything which is double that of normal credit cards so let's go through the site here and just see how it compares with normal credit cards so traditional banks have an annual fee neo does not zero dollars four percent cash back on average there is no over limit fee there's no inactive fee and then apr is the same as normal banks so neo has zero fees for everything it's free to download the app you can look through it and see if you want to maybe get a card then what you do is you place an order for the card it'll come in the mail maybe a month later and then you get the code you activate it and you can go through the app if we go here to the card you can add to apple wallet and then that'll just say the instructions that you need to do to add this to your apple wallet so you just go into the apple wallet hit the plus and now you're good to go you can use your neocard whenever you want and this is amazing that a company is wanting to give back so much to promote smaller businesses and also help canadians save money at the same time now if you are skeptical of credit cards or anything like that this has zero drawbacks zero fees nothing to be worried about you don't need a credit score to get this card you don't need anything really i believe you do have to be a certain age but this is a excellent beginner credit card to start building credit and honestly is an amazing way to save money just in a savings account that can be used as a checking account and i think that i'm actually going to start using this to put my money into because why use a savings and a checkings account if you can just use both combined and have the same benefits with no fees so yeah if you guys want to save money especially during this holiday season when you're spending tons of money you can look up what stores have reward systems in the neo app and see what you can get and this company is not looking to exploit you in any way and that's they explain that very clearly i think this is a genius idea and i believe that this type of card will be way more popular in the future as well let me know what you guys think about the new card i will leave the link for it in the description down below but comment if you guys like this idea of a credit card that only gives back and doesn't take anything from you so yeah thank you guys for watching i hope you guys have a great holiday season uh an excellent christmas break i know i am having an excellent christmas break because there's no school and yeah i will see you guys in the next video you