Stockback™ is Douugh’s game-changing rewards program, designed to help create positive money habits by investing and building your wealth.
You can earn up to 7% Stockback™ when you Pay Now or Pay Later using your Douugh Card.
Rewards are paid into your chosen investment portfolio every time you accumulate $5 in Stockback™.
Designed to promote smart money moves, there are a couple of ways you can earn Stockback™ :
Daily spending on your Douugh Card.
You can earn up to 3% on your first $100 spent and 0.5% on all eligible spending over $100 on your Douugh card.
Paying back a Spot in full, on time or early.
A bonus of up to 4% Stockback™ can be earned on the first $100 of the last fully repaid, qualifying Spot.
A qualifying Spot is simply a Spot that was paid back in full, on time or earlier (no missed, late or underpayments.)
Let’s walk through an example to demonstrate how powerful Stockback™ rewards can be.
A customer spends a total of $1,000 on their Douugh Card, and pays back a $500 Spot on time in a single month. They would receive the following Stockback™ rewards over the month:
3% of first $100 spent = $3
0.5% of the remaining $900 = $4.50
4% of the first $100 of Spot they paid back = $4
Total Stockback™ for the month = $11.50
Some other things to know;
Stockback™ is earned based on everyday spend with the Douugh card.
A qualifying Spot is a Spot that was paid back on time or earlier (no missed, late or underpayments.)
Stockback™ is paid on settled qualifying transactions only.
When the Stockback™ rewards balance reaches $5, it is invested the next business day (US time).
If you have not chosen a Portfolio then your Stockback™ balance will continue to accumulate and not be invested.
For Stockback™ to be invested, you must select a Portfolio.
Stockback™ cannot be withdrawn as cash (unless it is first invested, then that investment is sold and the funds are withdrawn).
While we have done our best to detail how Stockback™ works and provide a clear example in this guide, as with all financial products, terms apply. You can find these terms here: