Fluz

What is Fluz

Fluz is a financial technology company that offers a mobile application designed to help users earn cashback on their daily purchases. The core purpose of the app is to make earning rewards simple and immediate. Users can get money back by purchasing digital gift cards from hundreds of popular brands or by using a Fluz Virtual Card for any purchase where Mastercard is accepted. The platform combines cashback opportunities with basic money management features, such as transferring funds and paying bills. Founded by Maurice Harary and Stefan Krautwald, Fluz is headquartered in New York and operates as a financial technology company, providing its services in partnership with established banks.

Fluz Features

Fluz provides several features to help users maximize their earnings from regular spending.

• Gift Card Cashback: Purchase digital gift cards from a wide range of brands directly within the app and earn an instant percentage of the purchase price back, with rates up to 25%.
• Fluz Virtual Card: Create a virtual Mastercard in seconds for online or in-store shopping. This card gives a standard 1.5% cashback on all purchases where Mastercard is accepted, with no fees.
• Digital Wallet Integration: The Fluz Virtual Card can be added to Apple Pay or Google Wallet for easy tap-to-pay functionality in physical stores.
• Money Management: Users can add funds to their Fluz balance, transfer money, and withdraw their earnings directly to a linked bank account without hidden fees.
• Bill Pay: The app includes a feature to pay bills to a network of service providers, allowing users to manage recurring payments and one-time fees from one place.
• Referral Network: Fluz has a social component where users can invite friends and build a network. You earn royalties from the purchases made by people you refer, and even from the people they refer.
• High Security: The app uses bank-level security measures, including Face ID or passcode verification for every transaction. Virtual card numbers also expire after use for added protection.

Fluz Pricing Plans

Fluz does not operate on a subscription-based model with different pricing tiers. The application is free to download and use for all its core cashback and money management features. There are no monthly or annual membership fees required to earn rewards. The company generates revenue through its partnerships with merchants. While most transactions, like those funded by a US bank account, are free, there can be fees for specific actions, such as funding your balance with a credit card or for international currency conversion on virtual card transactions.

Fluz Free Plan

Fluz is a completely free application. The entire platform is available to all users without charge. The free access includes:

• Earning cashback on all gift card purchases.
• Creating and using the Fluz Virtual Card for 1.5% cashback.
• Linking bank accounts and credit/debit cards.
• Withdrawing earned cashback to your bank account.
• Using the bill pay and money transfer features.

There are no limits on the amount of cashback you can earn. The only potential costs are optional transaction fees, such as those for using a credit card to add funds.

How to use Fluz

Getting started with Fluz is a straightforward process designed to be quick and easy.

1. Download and Sign Up: Get the Fluz app from the Apple App Store or Google Play Store and create your account.
2. Link a Funding Source: Connect a bank account, debit card, or credit card. Linking a bank account is often recommended to avoid potential fees.
3. Find a Store: Before making a purchase, open the Fluz app and search for the store you are shopping at.
4. Choose Your Method:
   • For Gift Cards: Enter the exact amount of your purchase (e.g., $25.50). Pay with your linked funding source, and Fluz will instantly generate a digital gift card and deposit cashback into your account.
   • For Virtual Card: If a store is not on the gift card list, generate a Fluz Virtual Card. You can use this card online or in-store via Apple/Google Pay to earn 1.5% cashback.
5. Complete Your Purchase: Show the gift card barcode to the cashier or use the virtual card details to pay.
6. Withdraw Your Earnings: Once your cashback balance grows, you can withdraw it directly to your linked bank account.

Pros and Cons of Fluz

Pros:

• Instant Cashback: Unlike many other platforms, rewards are credited to your account immediately after purchase.
• Multiple Earning Options: Users can earn through both specific brand gift cards and a general-use virtual card.
• Stacking Rewards: You can pay for Fluz purchases with a rewards credit card, allowing you to earn both Fluz cashback and your credit card points or miles.
• No Fees: The app has no annual or monthly fees for its core services.
• Strong Security: Features like Face ID verification and single-use virtual card numbers enhance security.

Cons:

• Requires an Extra Step: You must open the app and buy a gift card or generate a virtual card at the point of sale, which can be less convenient than automatic cashback apps.
• Variable Rates: Cashback rates for gift cards can change without notice.
• Lower Base Rate: The 1.5% cashback on the virtual card may be lower than what some high-yield rewards credit cards offer.
• Primarily for US Users: The service and its partner merchants are mainly focused on the United States market.

Fluz integrations

Fluz is a consumer application and does not offer direct integrations with productivity or business software like Salesforce or Slack. Its primary integrations are with financial and payment systems to enable its functionality:

• Plaid: For securely linking user bank accounts to fund purchases.
• Mastercard: As the payment network for its virtual card feature.
• Apple Pay & Google Pay: To allow the Fluz Virtual Card to be used for contactless payments in physical stores.

Fluz Alternatives

• Rakuten: A popular cashback service that focuses on online shopping. Users click through the Rakuten portal before shopping to earn a percentage back. Cashback is paid out quarterly via check or PayPal.
• Ibotta: Primarily focused on groceries and retail, Ibotta offers cashback on specific products. It often requires users to scan receipts after purchase to claim offers, though it also has online shopping and pay-with-Ibotta features.
• Dosh: A more passive cashback app. Users link their credit and debit cards, and Dosh automatically gives them cashback when they shop at participating merchants. There is no need to open the app before each purchase.
• Fetch Rewards: This app rewards users with points for scanning any receipt from any store. Points can be redeemed for gift cards. It is simpler than Ibotta as it does not require activating specific offers.

Fluz API

Fluz does not currently offer a public-facing API for third-party developers. Access to their systems is likely restricted to official business partners and financial service providers. There is no developer portal or documentation available on their website for public use. Businesses interested in partnership may need to contact the company directly to explore potential integration options.

Fluz Affiliate program

Fluz does not have a traditional affiliate program. Instead, it has a robust, multi-level referral program built into the app for all users. When a user invites someone to join Fluz, they become part of their network. The referrer earns a small percentage (royalties) from the purchases made by their direct referrals and also from the purchases made by the people their referrals invite. The program also offers one-time bonuses for new referrals. To participate, users can find their unique referral link or code within the Fluz app and share it directly with friends, family, or followers.