Company name change to Super encompasses multi-product savings ecosystem
SAN FRANCISCO, October 18, 2022 /PRNewswire/ — Super Cash, launched today, is the unique debt protection repayment card that allows users to accumulate credit without the barriers of the traditional financial sector. Low credit and credit that invisible individuals will spend $250,000 or more on interest and fees over their lifetime1. Democratizing access to savings, benefits and rewards, SuperCash cardholders earn an impressive 10% cashback at SuperTravel, 5% at SuperShop and 2% wherever Mastercard is accepted. No credit checks, minimums, fees or interest.
“The launch of SuperCash is not just creating incremental improvements, but rather incremental changes that can enable the tens of millions of underserved Americans to improve their credit scores and their lives. It’s time we leveled the rules of the game for all Americans who need access to credit just to participate in everyday life,” says Hussein Fazal, CEO, Great. “We know that 55% of people with low credit don’t have access to the goods and services they need to live the life they want. And that’s not acceptable.”
A poor credit score means more than just access to credit cards: it can mean no access to regular credit, higher interest rates, higher insurance premiums, a greater likelihood weak to be hired for certain jobs, difficulties in renting an apartment, etc. Armed with data indicating that 70% of existing Super consumers paid by debit and 54% requested access to credit, Super seized this opportunity with the launch of SuperCash.
SuperCash is launched by Great, formerly Snapcommerce, is issued by MRV Banks and powered by the Mastercard network. The rebrand, announced today, casts Super as the tech company at the intersection of fintech and commerce that empowers users to spend less, save more, and build credit so they can get the most out of life. The company’s additional offerings are rebranded into alignment under the new primary brand, living on Super.com: Snaptravel becomes SuperTravel and DailySteals becomes SuperShop.
“We know that 57% of underserved Americans are ‘dreadful’ just thinking about their credit score. With the launch of SuperCash, we are building a whole new relationship with our users. We know, understand and design solutions specifically for everyday life As Super, we will continue to implement our vision of enabling everyone to enjoy more of what life has to offer, regardless of income or circumstances,” says Radhika DuggalChief Strategy Officer, Super.
“We are proud to power SuperCash, a product closely aligned with our long-standing commitment to inclusive growth,” says Sherri Haymond, Executive Vice President, Digital Partnerships at Mastercard. “SuperCash has the potential to make a difference in people’s lives with every purchase, and we look forward to working together to bring even more people into the digital economy.”
Greatformerly Snapcommerce, raised over $100 millionoutmoded $1 billion in sales, and saved consumers $145 million nowadays. For more information, visit www.super.com.
Super is the technology company at the intersection of fintech and commerce that empowers users to spend less, save more, and accumulate credit – so they can enjoy more of what life has to offer . Super offers the best prices on everything from everyday discounted items to great hotel deals, as well as the hub that enables rich cashback and credit on every transaction. Super’s product offerings include SuperCash (new product launch), SuperTravel (formerly SnapTravel), and SuperShop (formerly SnapShop). Super is trusted by over 5 million customers worldwide and has helped them save more than $145 million nowadays. Super is supported by Steph Curry and has raised over US$100 million and exceeded $1 billion in sales.
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