New Automatic Investing Credit Card
New Automatic Investing Credit Card
Q1: Wide spread adoption of idea, setting up accounts, automatic investments, fund allocation management, etc.
Idea Description
Create a new cash back/rewards based credit card that provides the following. Instead of getting rewards points or cash back on credit card purchases, have the credit card automatically invest the money into a select group of mutual funds or a stock of choice each month/quarter. Provide the user the ability to manage the money in investments, contributions, etc. as they see fit.
What will you do if you win $10,000 for this idea?
I work for a leading credit card processor. I would submit the idea to my leadership and present it as a solution to provide for member banks. If not adopted, I would use the money to promote the idea to member banks for adoption.
Vote for it now.
Good idea for yours links money-to-money by personal webcashmotor. Regards/Filipe Alves Ferreira (1942)
Programs like this already exist through some of the major financial instiutions. But still a good idea since most of the reward options provided aren't all that valuable to the consumer.