|Seed, 1/2012 |
Entrepreneurs Roundtable Accelerator
|Seed, 8/2012 |
|Debt, 3/2013 ||$100k|
LocalBonus allows consumers to use their existing credit & debit cards to automatically earn cash back rewards at local businesses. Consumers connect their existing cards to LocalBonus once, and automatically earn points towards cash back rewards with every purchase at over 1,000 different merchants. Participating merchants get an easy way to attract and retain customers without having to offer deals or discounts, no POS integration, and no employee training. They are headquartered in New York City, with merchants in Denver, New York City, Portland, Sacramento, and Seattle. For more information on LocalBonus, contact email@example.com or visit www.LocalBonus.com.
How It Works: Sign up on the LocalBonus site and connect your existing credit or debit cards to your account and start shopping at LocalBonus merchants. Points earned from shopping are automatically added to your account whenever you spend money at a LocalBonus merchant. LocalBonus is free to use. Rewards start at 4,000 points ($10 LocalBonus Cash) but the more you save, the more valuable your points become.
Members can also earn bonus points through Facebook and Twitter promotions, as well as through the LocalBonus WolfPack. If 5 or more LocalBonus members shop at a merchant on any given day, members will earn double points at that merchant.
As of April 2012:
5 cities - NYC, Denver, Portland, Sacramento, Seattle 1,000+ merchants