SQ Cash Card Volume Triples

One more way this innovative company keeps paving it’s way to success.

…About a year ago, Square introduced its Cash Card, a debit card that could be linked to its popular Cash App. In May, Square launched Cash Boost, a rewards program for the Cash Card. Cash Boost incentivizes cardholders to use their cards more by offering cash back when they make purchases at merchants, such as coffeehouses and restaurants. What makes the program special is that it comes with no annual fee and is attached to a debit card, not a credit card. While the company does not give monthly updates, it said that by June 2018, just one month after the launch of Cash Boost, spending on the Cash Card had jumped to $250 million, triple the payment volume the card saw in December 2017.