The 4 red flags of the Tranzact card (why I am saying NO to the Tranzact card…)

I have been getting emails from a bunch of readers asking what I think about the Tranzact rewards debit card. If you haven’t heard, basically it is a debit card that provides “Z-Bucks” that can be used to buy everyday items.

In theory I love what Tranzact is doing, but in reality I will be really surprised if this is still around in a year…

I have some friends who are using it and who are excited about it, but I always do my own due diligence and go with my intuition and I am not feeling good about it.

These are the red flags and the reasons I am passing on Tranzact (and make sure you listen til the last one, because it is the nail in the coffin for me.)…

 

🎯Resources Mentioned:

• Tranzact Rewards Debit Card: An overview of the card, its features, and the claims made by the company - https://tranzactcard.com/ 

• Our Courses: here at SeedTime - https://seedtime.com/courses/ 

• Temu: online marketplace - https://temu.to/m/uzjjld5k7io 

• Richard Smith charged with securities fraud in 2010 - http://www.kleinutah.com/wp-content/uploads/2009/11/Criminal-ProbCauseAff-Aug13101.pdf 

(Please note: links mentioned may be affiliate links which help us support our podcast and website. Thanks for your support!)

Watch this episode on our SeedTime Money Podcast YouTube channel (https://youtube.com/live/KEEkZthci7E)!

 

If you haven’t checked out our best-selling book Simple Money, Rich Life (https://seedtime.com/smrl/), we think you’ll love it. It was named the 2022 Book of the Year by ICFH and has over 600 5-star reviews on Amazon, and is best described as “a money book for people who don’t read money books.” 

You can take it for a test drive for FREE at https://SeedTime.com/sample where you can download chapter 1 of the audiobook, grab the 1st 2 chapters of the ebook version, and even get the 5-week book study companion guide.