Super-Rewards: A mobile app that helps you grow your superannuation
Superannuation is an important part of financial planning, and it’s essential that you make sure your super is working for you. But knowing how to grow your superannuation through additional voluntary contributions can be difficult. That’s why the new mobile app, Super-Rewards, is here to help. With this helpful app, available on the Apple Store and Google Play, you can manage your super goals and reap the rewards from shopping at participating retailers. Let’s dive into all the features that make Super-Rewards so great.
Super-Rewards shopping features
The main feature of the Super-Rewards mobile app is its ability to reward users with cashback on their purchases into their super account when they shop with participating retailers. All you have to do is link your Visa or Mastercard credit or debit card to the app and use it when you shop at a participating instore retailer; read more about our Instore program. Online purchases are made through the Super-Rewards app.
The amount of cashback varies depending on each retailer; some may offer a percentage reward, while others may give you a set dollar amount. This gives users an incentive to shop smartly and save money while still getting what they need. The average cashback offered by the participating Super-Rewards retailers is over 7% across both instore and online spend.
Super-Rewards participating retailers
Super-Rewards offers over 500 of Australia’s leading online retailers, covering key categories of groceries, fashion, travel, beauty, electronic goods, beauty, and so many more. Key online brands among the line-up include Apple, Catch, eBay, THE ICONIC, Country Road, The Good Guys, Adore Beauty, Booking.com and Energy Australia.
In addition to its online offering, Super-Rewards enables shoppers to earn super when they shop at over 800 instore retailers, representing 1500 physical stores nationally. With cashback offers of up to 15%, key everyday brands in the instore offering include Pizza Hut, Salt Meats Cheese, Pablo & Rusty’s and various pharmacies, while popular home and fashion retailers include General Pants, 1001 Optical and Glue Store. The list of participating retailers is growing all the time, but you can start by finding those closest to you here.
Rewards tracking feature
In addition to offering cashback rewards, the Super-Rewards mobile app also allows users to track and monitor their progress towards their long-term goals. With this feature, users can easily check in on their Super-Rewards earnings anytime, anywhere and make sure that everything is running smoothly.
You can see from this extract of a Super-Rewards dashboard that the rewards earned now can be worth so much more.
On the left, we have the present-day value of earned Super-Rewards, of $1,330.18. On the right, we can see this amount could become tenfold, at $12,728.37 over 25 years.**
This ability to increase your super balance by so much – simply by doing what you do daily – makes so much sense.
**Assumes your “Total earned” balance of $1,330.18 plus $5 further Super-Rewards contributions paid monthly, compounding monthly, 25 years to retirement, median net return of 7.4%p.a. (over 10 years, balanced fund category to 31 December 2021 (ChantWest)). Source: moneysmart.gov.au
The Super-Rewards you’ve earned are paid monthly into any super account, including Self-Managed Super Funds (SMSF), thanks to a proprietary payments system that leverages the BPAY payments network.
Super-Rewards takes all the guesswork out of growing your superannuation investments by offering you tracking tools so you can stay up to date on your progress towards your goals. Plus, be rewarded with cashback into your super when shopping with participating retailers.
It’s obvious that Super-Rewards mobile app is a great way to make extra contributions into your super fund. It’s a must-have solution for anyone wanting to build a secure future and set themselves up for retirement with everyday shopping. Download the app from Google Play or Apple Store and start growing your super today.