Dave Cash Rewards Program Terms and Conditions
Dave Operating LLC (“Dave”) offers a Cash Rewards program (the “Program”) that allows enrolled members with a Dave Checking Account to earn money on Eligible Transactions, made using the Dave Debit Card associated with their Dave Checking account. Cash Rewards will generally be reflected in the Mobile App within a few business days after making an Eligible Transaction with the Dave Debit Card, though they may be subject to delays.
Evolve Bank & Trust, Member FDIC (the “Bank”), offers the Dave Checking Account and issues the Dave Debit Card pursuant to a license with MasterCard®, but has no liability or responsibility for the Program.
Program Overview
Please review the details in the full Program terms and conditions below (“Program Terms”).
Reward Amount | Percentage of your Eligible Transactions, as stated in your offer on the Rewards screen in the Dave Mobile App, used to calculate your Cash Rewards. These amounts accrue, rounded up, to the nearest 100th decimal place, up to a maximum of $10 per month. |
Spending Categories | Select Merchant Categories, as stated in your offer on the Rewards screen in the Dave Mobile App, eligible for Cash Rewards. |
Cash Rewards | Statement credits, based on the Reward Amount, that are automatically transferred to your Dave Checking Account within 2 business days after the qualifying transactions post, provided your account is open and in good standing. |
Eligible Transaction(s) | Purchases that qualify for earning Cash Rewards according to the terms of your Program, which may be restricted by purchase type, as identified by the transaction Merchant Categories, and generally excludes certain transactions like cash withdrawals, balance transfers or transaction fees, if applicable. |
Merchant Categories (“MCC”) | Classifications assigned to businesses that define the type of goods or services they provide, such as groceries, dining or travel, using a four-digit code, based on the predominant business activity of the merchant. Dave has no responsibility for the assignment of Merchant Categories nor evaluates what code should be assigned to any merchant. Dave is also not responsible for awarding Cash Rewards for Eligible Transactions in Spend Categories at merchants who report with an inaccurate Merchant Category. Qualifying Merchant Categories for the qualifying Spending Categories are: Phone + Internet: 4814, 4816 Groceries: 5411 Gas: 5541, 5542 Restaurants: 5812 (includes food delivery services such as Doordash), 5814 (fast food) All Merchant Purchases: all MCC codes qualify except for the following MCCs for ATMs and money transfers: 4829, 6010, 6011, 6012, 6050, 6051, 6532, 6533, 6536, 6537, 6538, 6540 |
Bonus Rewards | From time to time, Dave may offer bonus Cash Rewards for making certain purchases, which will be governed by this Program. This may include spending a certain amount within a specific timeframe or making purchases in certain categories that offer higher rewards rates. |
Program Terms and Conditions
1. Earn Cash Rewards on Eligible Transactions.
There is no minimum dollar amount of Eligible Transactions required before earning Cash Rewards, but there is a Cash Reward limit of $10 per month ($120 per year). Transactions resulting in fractions of Cash Rewards will be rounded up to the nearest whole cent. Cash Rewards earned do not expire although they may be forfeited in accordance with these terms.
From time to time, Bonus Rewards may be available for certain Eligible Transactions, and may include spending thresholds or limits, time period restrictions, or other factors. Bonus Rewards will be subject to the terms and conditions of the Bonus Rewards offer made to you in addition to these Program Terms and may be modified or cancelled at any time at Dave’s discretion.
2. Track Cash Rewards.
Information about your Cash Rewards, including estimated Cash Rewards earned to date, will be shown in the Dave Mobile App, under the Home screen, and the Dave Checking accounts screen in the Mobile App and on your DDA monthly statements. Until the Cash Rewards are calculated and transferred to the Dave Checking Account, any amount of earnings accrual shown in the Mobile App are estimates and may be changed based on additional Eligible Purchases and adjustments.
Cash Rewards will not appear or be reflected on your transaction receipt from the merchant at the time of purchase. Subject to eligibility verification and settlement of the Eligible Transaction, estimated Cash Rewards will typically appear in the Mobile App within approximately 2 business days of the Eligible Transaction, but may be subject to delays.
3. Cash Rewards Adjustments.
Adjustments may be made to your Cash Rewards as the result of canceled transactions, refunds or other credits from merchants, and other credits to your Dave Checking Account (including those resulting from successful transaction disputes). An adjustment also may occur if these Program Terms are violated by you or we believe you are abusing or gaming the Program. An adjustment may reduce Cash Rewards in an amount up to the amount of any Cash Rewards originally earned on the Eligible Transactions. Adjustments may cause a negative balance in your Cash Rewards. If there are negative Cash Rewards at the end of a Statement Period, no Cash Rewards will be earned.
4. Dave Checking Account Suspension or Closure.
- If your Dave Checking Account is suspended for any reason: You will not be able to earn Cash Rewards during any time your Dave Checking Account is suspended for any reason even if a transaction is made that would otherwise be an Eligible Transaction.
- If your Dave Checking Account is closed by you or by the Bank for any reason: Your participation in the Program will be terminated, you will cease to earn any Cash Rewards and any Cash Rewards earned but not transferred to your Dave Checking Account will be forfeited.
5. Transaction Eligibility.
Not all transactions with your Dave Debit Card are tracked by MasterCard, which may affect your Cash Rewards. You acknowledge that MasterCard may be unable to monitor every transaction made with your enrolled Dave Debit Card, including PIN-based purchases, purchases you initiate through identification technology that substitutes for a PIN, payments made through other payment methods (such as a digital wallet or a third party payment Mobile App, where you may choose your MasterCard as a funding source but you do not present your Dave Debit Card directly to the merchant), payments of existing balances, balance transfers, or transactions that are not processed or submitted through MasterCard payment systems, and that transactions that cannot be monitored are not eligible.
6. Dave Debit Card.
Cash Rewards cannot be processed if your card number expires or changes while the statement credit is pending and not settled, or your Dave Checking Account is not open or in good standing. Dave has no responsibility or liability for the failure of Cash Rewards to be posted, or for any finance or other charge, or impact on any rewards, feature, or term of your account resulting from the Program. In no event shall the applicable card network be considered as maintaining any type of financial obligation or deposit or another asset account, or holding funds or other value for you for distribution to you.
7. Other Conditions.
You acknowledge that the Program is a promotional program, which Dave may modify or terminate as stated in Program Modifications, as to which no consideration has been paid to you. Unless and until the Cash Rewards are transferred to your Dave Checking Account and used in accordance with those account terms, no tangible or intangible right, title, or interest in the Cash Rewards has been earned. Nothing herein requires Dave to credit Cash Rewards to any Dave Checking Account or transfer any Cash Rewards to your Dave Checking Account if the Program has been canceled, terminated or suspended. The Program, including these Program Terms, is subject to the Governing Law and Arbitration provisions of the agreements governing your Dave Checking Account Deposit Agreement and Disclosures. You consent and authorize Dave and any of its subsidiaries and affiliates or any non-affiliated third parties with whom they contract to manage the Program to share information about you and the Program with its bank partner(s) and, as necessary, to effect, administer, enforce, service, or fulfill the terms of the Program. The Program is void where prohibited by federal, state, or local law. Cash Rewards will be forfeited at Dave Checking Account closure if the account was delinquent or if the Dave Checking Account was closed for fraud or other misuse.
8. Program Modifications.
Dave reserves the right to add, modify or delete any benefit, service or feature of the Program or discontinue the Program entirely at any time in its sole discretion, without prior notification. Changes to the Program may include, among other things, adding or changing a cap to the amount of purchases in Spend Categories that will qualify for Cash Rewards, modifying or removing Eligible Transactions or Spend Categories, excluding transactions, imposing additional restrictions or terminating the Program. Dave reserves the right to remove any participant from the Program in the event of fraud or abuse in connection with the Program.