Catch offers a rewards debit card that allows users to earn cash back on purchases made directly from their bank accounts, eliminating credit card fees and debt. The platform provides automatic store credit at partner brands, enhancing customer loyalty while enabling users to save on everyday expenses.
Funding
$80.9M 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.
+1Founders
Product
Problem
Traditional credit cards often lead to debt accumulation through interest charges and fees, while debit cards lack robust rewards programs, leaving users with limited options for maximizing savings on everyday purchases. Existing rewards programs often require navigating complex points systems or are limited to specific categories, reducing their overall value.
Solution
Catch offered a rewards debit card linked directly to users' existing bank accounts, providing cash-back rewards on all purchases without incurring debt or fees. Users earned a flat percentage back on every transaction, plus additional store credit at a network of partner brands. The platform automatically applied rewards at checkout, simplifying the redemption process and enhancing customer loyalty for participating merchants. By eliminating credit card interest and offering instant rewards, Catch aimed to provide a more financially responsible and rewarding shopping experience.
Target Audience
Catch targeted everyday shoppers, particularly those interested in beauty, fashion, and lifestyle brands, who seek to earn rewards without incurring credit card debt.
Features
- Virtual debit card that links to existing debit cards or bank accounts
- 1.5% cash-back rewards on all purchases made with the Catch card
- Automatic store credit at hundreds of partner brands
- Integration with Apple Pay for convenient mobile payments
- Mobile app for accessing exclusive offers and discovering new brands
- Community features for trading rewards and sharing shopping hacks