Coverd reposted this
Today is a big one for us. After months of building heads-down, the Coverd team just launched a credit card that gives users up to 100% cash back rewards. Personal finance and especially credit card rewards have been broken. A stagnating, ossifying industry has spent decades collecting fees while handing back restrictive, infantilizing "perks" that rarely deliver real value. Points that are hard to use. Lounges that you get to use maybe once a year. Fine print that works against the user. Innovation stalled — and we kept asking ourselves why nobody was fixing it. So we decided to. Coverd flips the script. We're rebuilding rewards around the user: optionality, agency, and full transparency. You get up to 100% cash back rewards through a transparent matrix — a live, regularly updated grid where users can see exactly how to get to 100% cash back, with full optionality and nothing hidden behind fine print. Every swipe is an entry into the rewards pool, and everything that happens on the platform is visible in real time. This is real agency and control — no $900/year fees, no settling for B-tier lounges. Getting here took a lot from a small team, and seeing 50k+ people join the waitlist before we'd shipped a thing told us we were onto something real. Today, we start letting people off the 50k+ waitlist! Today, we start turning the personal finance space bottom-up. Today, marks the first act by this team. Eric Ding Haamed Filip Davis Malachi Anirudh