Enzo Ending Rent Rewards
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.
You can join here.