Enzo Shuts Down Rewards Program
Update (Mar 10, 2023) – Enzo has shut down its rewards program and informed customers by email. Here’s the content of that email:
Dear Enzo Customer,
We have some sad news to share. Unfortunately, we’re terminating our cashback rewards. Cashback rewards for the month of February will be paid out in the coming days. Rewards accrued through March 10th will be paid out at a later date. All other cashback rewards earned after March 10th that have not been paid out will be forfeited as a result of the termination of the program. Please see the terms and conditions for our rewards program for further details: https://www.joinenzo.com/terms-of-service. Please scroll down to view the rewards terms.
Please note that this rewards program is the sole responsibility of Enzo and not of our banking partner. If you have questions or concerns related to the termination of this program, you may contact us at [email@example.com](mailto:firstname.lastname@example.org) We understand these rewards were important to you and we have a potential partnership in the works that would offer Enzo users most of the same perks you’ve enjoyed. More details will be coming soon.
Enzo Customer Care
Original article (Oct 18, 2022) – Enzo is one of the few services that offers cash back for rent payment. However, that option is ending soon. The announcement was made today, but they are giving current users a bit of time before the program is shut down.
Here’s the text of the email:
We have made the difficult decision to focus more on our high-yield checking offering and sunset the rent rewards component of Enzo effective 6/30/23. We recognize this will be disappointing to many of you so as a thank you for being an early adopter, all current Enzo customers will continue to receive rent cashback until 6/30/23, but new customers who join after 10/14 will no longer be eligible for the rent cashback program. All customers will continue to earn 1% on all qualifying Enzo Debit Card purchases**.
Enzo also announced that the interest rate on its account is projected to go up:
We will continue to raise rates as the Federal Reserve continues to raise rates, with the next FOMC decision on 11/2. Based on current market expectations, the Enzo interest rate is projected to increase to 3.57% APY on 11/3.
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