You register your credit card on the site, and Envaulted will sign you up with a 1 percent flat cashback program. Once you accrue $10, you can request a check once a month, no strings attached. You simple spend freely on your card and the startup will send you a check. It almost sounds too good to be true.
On top of the cashback program, Envaulted will track the stores where its community spends and try to negotiate deals and offers on users behalf. The concept behind Envaulted is that it wants to rewarded for what you’re already shopping for, by the brands you are already loyal to. Envaulted has raised $1 million in seed funding.
[via crunchbase]