Coverd offers a fee‑free credit card that provides up to 100 % cash back on eligible purchases and real‑time spending insights to help users build better habits. Each transaction automatically enters cardholders into sweepstakes‑style games where they can win additional Coverd Cash, redeemable for cash, prizes, or credit card payments. The platform combines traditional rewards with a gamified experience to make everyday spending more rewarding and transparent.
Funding
$6.2M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
4OFounders
Product
Problem
Consumers often face credit cards that charge hidden fees, provide limited cash‑back rewards, and lack engaging tools to help them manage spending, leading to regret and missed savings opportunities.
Solution
Coverd introduces a credit card that combines traditional financial benefits with a gamified experience. Cardholders earn up to 100 % cash back on purchases while the platform delivers real‑time spending insights to promote healthier habits. Every transaction automatically enters the user into sweepstakes‑style games where they can win additional Coverd Cash, which can be redeemed for cash or prizes. The card is marketed as fee‑free, eliminating hidden costs and simplifying repayment. By turning everyday expenses into a rewarding game, Coverd aims to increase user satisfaction and encourage responsible credit use.
Target Audience
Coverd targets U.S. consumers who use credit cards regularly and seek higher rewards, fee‑free terms, and an interactive, game‑based approach to managing their spending.
Features
- Up to 100 % cash back on eligible purchases with no hidden fees
- Integrated spending dashboard that provides smart insights and habit‑building recommendations
- Automatic entry into win‑back games for each swipe, offering chances to earn extra Coverd Cash
- Sweepstake‑style games with transparent odds and no purchase required to participate
- Redemption system allowing Coverd Cash to be exchanged for cash, prizes, or credit card payments
- Mobile app support with in‑app chat bot for real‑time customer assistance