Secured Rewards Program

  1. How does dash.fi offer 3% secured rewards on corporate card spend?

Our ability to provide 3% rewards is based on a risk management approach that reduces exposure for both dash.fi and our banking partners. 


This pricing strategy is known as a “Barbell Pricing Strategy,” is a sophisticated approach used by financial institutions such as Capital One. Traditionally, banks would offer lower cashback rates, such as 2%, while relying on the profitability generated by a subset of customers who carry balances and incur fees. 


In contrast, our model prioritizes higher rewards of 3% cashback but ties this benefit to short-term credit terms and pre-payment that serves as collateral which mitigates non-payment risk. If there are any instances of payment default or non-repayment of outstanding balances, the pre-payment amount covers these potential losses.


Additionally, the 3% rewards rate is capped based on the pre-payment amount. For spend exceeding the qualified cap, the rewards rate is 1.5%. The revenue model for dash.fi depends on a percentage of customers surpassing their 3% rewards cap, rather than charging high interest rates or excessive fees.



  1. What is a pre-payment, and how does it function?

A pre-payment is an upfront amount made to increase your card’s spend capacity. For instance, if you have a $100,000 per day spending limit but anticipate spending $300,000, you would need to pre-pay $200,000 to facilitate this additional capacity. 


As part of the Secured Rewards Program, dash.fi acts on your behalf to make these pre-payments, which are held in reserve until you instruct them to be applied. While these funds await use, they simultaneously serve as collateral to secure the bank and dash.fi against non-payment and other risks.



  1. Do I earn interest or rewards on the pre-payment amount?

Your pre-payment amount does not accrue traditional interest income. Instead, your participation in the dash.fi secured rewards program entitles you to annual loyalty rewards. These rewards payments may be structured similarly to interest but do not legally constitute interest income. Neither dash.fi nor customers earn interest on the funds held in demand deposit accounts (DDAs) at our partner banks.



  1. Where are pre-payment funds held?

Pre-payment amounts are held in demand deposit accounts (DDAs) at banks that partner with dash.fi



  1. Are pre-payment amounts held at FDIC-insured banks?

Yes. Pre-payment funds are securely held at FDIC-insured partner banks, including Security State Bank & Trust, Community Federal Savings Bank, Transpecos Bank, Patriot Bank, Wells Fargo, Community Choice Financial, Metropolitan Capital Bank & Trust. You may verify FDIC insurance for these institutions via the links provided on the FDIC website.


dash.fi’s bank partners do not participate in the IntraFi CDAR’s sweep program to maximize FDIC insurance.



  1. Are pre-payments allocated to accounts under my company’s name?

Yes, pre-payment amounts are applied to your corporate charge card account, where the sponsor bank is TransPecos Bank. Some legacy accounts may have Patriot Bank as a sponsor bank. Please note that our partner banks exclusively offer corporate accounts; personal accounts are not available.



  1. How can I request the return of pre-payment funds?

To initiate a request, please email support@dash.fi or contact your designated account manager.



  1. What is the timeline for returning pre-payment funds?

Pre-payment funds can be reallocated at your discretion. Options include applying the funds to your card balance for spending or requesting their return. Standard returns are processed quarterly on a net-30 basis. Expedited requests may be processed monthly on a net-15 basis, subject to approval. Please be aware that pre-paid collateral is generally locked until the next quarter, with expedited returns available under specific conditions, executed at month-end on a net-15 basis.



  1. What types of instructions can I give dash.fi regarding pre-payment funds?

At your direction, you may instruct dash.fi to:


1. Return pre-payment funds to your operating account.

2. Apply funds to your corporate card balance for spending purposes.

3. Hold funds as collateral while participating in the Secured Rewards Program.


By participating in the dash.fi Secured Rewards Program, moreover, you are agreeing that dash.fi may act as your agent to manage any collateral amounts, facilitate transactions at your direction, and to otherwise manage the sums deposited in the collateral account.  


  1. Is the program a bundled High-Yield Savings Account (HYSA) and unsecured card offering?

No, the Secured Rewards Program is not an HYSA bundled offering. The dash.fi corporate card, issued in partnership with TransPecos and Patriot Bank, provides flexible payment terms, including options for pre-payment. By enrolling, you appoint dash.fi as your agent to manage your pre-payment amounts.


  1. How do I get statements?

You’ll be able to access statements at app.dash.fi or request them by emailing support@dash.fi