Sign-up to Blossom Plus via Referral & Fund Minimum $5,000 in 1 Lump Sum, Get $50 Bonus Each for Referrer & Referee @ Blossom

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Go to Deal

hanofee on 07/11/2024 - 15:18 blossomapp.com (131 clicks)
Last edited 07/11/2024 - 16:23 by 1 other user

Just got an email

We're excited to announce the launch of our new Blossom Plus referral program! To celebrate, we're offering a $50 bonus for you and your referral for two weeks only -from November 7 to 21!
That's right - when you refer a friend to Blossom and they fund their Blossom Plus account, you'll both receive $50!

How to refer:

1. Share your unique referral link
2. The referred friend funds their Blossom Plus account with a minimum balance of $5,000 in one lump sum before the promotion deadline
3. You both receive $50 - simple as that 🙌

Just read the T&C and one key thing is (so maybe not that interesting for some):
https://www.blossomapp.com/blossom-plus-referral-program-spe…

Eligibility:
To participate, you must have an active Blossom account and use your unique referral link to invite friends. Referred friends must open a Blossom Plus account and fund it first (i.e. before any Blossom Save account) with at least $5,000 by the close of business on November 21st, 2024. Close of business means earlier than 4:00pm AEST, which is when Blossom processes our final batch of payments with the bank.
‍

Note:
Blossom is an investment model, so DYOR. Please refer to the older thread for some discussions

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Blossom

• 

  CodeXD on 07/11/2024 - 15:22

  +3

  DYOR = Do Your Own Research

• 

  gamesnepal on 07/11/2024 - 15:28

  +1

  I just joined and funded my account with 10 bucks.

  • 

    hanofee on 07/11/2024 - 15:29

    +1

    Sorry, I just read the T&C (and edited my post), need $5000 for the higher bonus, not sure what happened if you deposit less (I assume it'd still earn you the standard bonus of $10). Apology

    • 

      bobwokeup on 07/11/2024 - 15:39

      +1

      The email says “Your friend funds their Blossom Plus account first (that's key!)” I’ve got the app but have used Plus??

      • 

        hanofee on 07/11/2024 - 15:45

        +1

        Oh true, they have 2 different products now, Save (no minimum) and Plus (min $5000). I don't think it'd work if you're already a member (with Save), but yeah, it's not that clear from reading the terms

        • 

          bobwokeup on 07/11/2024 - 15:51

          +1

          @hanofee: Yeah true. I might have to contact support and ask. I could also deposit more and then take it out later. Are there any fees for Plus?

  • 

    hoslpgtl on 07/11/2024 - 16:45

    +1

    Is this better than bank saving?

    • 

      drfuzzy on 07/11/2024 - 19:13

      +1

      Bernie Maddoff says yes.

• 

  LeDangles on 07/11/2024 - 17:33

  +3

  What the hell is this product? A 1.3% management fee for investing in Bonds / Fixed Interest on your behalf? No thanks.

  If you're after a managed investment with a fancy website use Stockspot and let them buy ETF's on your behalf instead.

  Or alternatively just buy them directly yourself through Vanguard / Betashares Direct

  • 

    thankyou38 on 07/11/2024 - 20:47

    -1

    Spot on!

• 

  GeoK on 07/11/2024 - 17:39

  -1

  This sounds like a scam. Definitely not worth the risk for an extra 1-2% than UBank guaranteed funds.

• 

  capslock janitor on 07/11/2024 - 17:47

  +1

  5K deposit to earn 1% bonus .. ?

  • 

    hanofee on 07/11/2024 - 17:50

    +1

    I supposed can just deposit closer to 21 Nov and keep it a few days if you want to? But yeah, not sure if it's worth the hassle if you're not going to use the product

• 

  drfuzzy on 07/11/2024 - 19:09

  +1

  The only thing that will Blossom here is the scammer's bank balance.

  • 

    jwl81124 on 09/11/2024 - 12:59

    you are very right.

• 

  Yuppieshrink on 08/11/2024 - 06:33

  +1

  They’re a good company, I regularly put money in, diversification

• 

  angels888 on 08/11/2024 - 20:21

  +1

  They’re 100% legit, YES they’re better than Ubank and all other banks…

  I’m not a saver, but I appreciate earning a few cents daily interest on my bill money (or a few dollars a month) compared to earning almost nothing in my savings account which I don’t really use…

  Use the earnings calculator on their website and app to see how much compound interest you can get on your savings, the profit is wild

  It perfectly marries with Ubank, I’m transferring money between them almost daily, instant transfers.

• 

  jwl81124 on 09/11/2024 - 13:01

  No, they are not, they even couldn't calculate the interest right.

• 

  NotDavidJones on 11/11/2024 - 14:38

  "Returns of capital are not guaranteed."