One of the largest bank-powered rewards app in the UK, Cheddar, re-launches its loyalty app to become the essential financial companion for Brits in the spiralling cost of living crisis.
Cheddar 2.0 is packed with various tools for consumers to regain control of their finances, and make their money go further. Features include cashback immediately landing in the user’s bank account with no clunky experiences and wait times and receiving recommendations based on spending patterns.
Available to UK residents nationwide, the new app ensures consumers never pay full price again – by linking their bank accounts and credit cards to access saving solutions relevant to their spending. New rewards are available on the app at higher return rates from 150+ retail giants such as Amazon, ASDA and Costa, so consumers make savings on essential spending like groceries and fuel.
The benefits don’t stop at saving and cashback. Cheddar 2.0 also gives consumers the power to split bills easily with anyone – no matter who they bank with – removing the need for awkward conversations and exchanging bank details. A new cash bonus referral feature has also been launched, to quickly introduce others to effective ways to save.
Luke Ladyman, COO and Co-founder at Cheddar said: “With the cost-of-living crisis eroding consumer purchasing power, people need a financial companion to help them spend smarter. Our new app harnesses the benefits of open banking infrastructure and the latest artificial intelligence.”