# Bumped App Review: A Bright Side of Investing
Investment apps have been making waves in the financial industry, making it easier for people to invest in stocks and other assets. One of the latest players in this field is Bumped, an app that allows users to earn stocks as rewards for their purchases. In this Bumped app review, we will take a closer look at the features and benefits of this app.
## What is Bumped App?
Bumped is a mobile app that rewards users with fractional shares of stock for their everyday purchases. Users can choose from a variety of retailers and restaurants to earn rewards. Once a user earns a stock, they can either hold onto it or sell it for cash.
## How does Bumped App work?
To start using Bumped, users need to follow these steps:
1. Download the app from the App Store or Google Play.
2. Create an account and link a debit or credit card.
3. Choose the brands you want to earn rewards from.
4. Make purchases using the linked card at the selected brands.
5. Earn fractional shares of stock as rewards.
## What are the benefits of using Bumped App?
Here are some of the benefits of using Bumped:
– It is free to use: Bumped does not charge any fees to its users.
– It is easy to use: The app is user-friendly and straightforward.
– It rewards users with fractional shares of stock: Users can earn stocks from popular companies such as Amazon, Apple, and Tesla.
– It encourages responsible spending: Users are rewarded for their everyday purchases, which can help them save money and invest in stocks.
– It offers a unique way to invest: Users can invest in stocks without having to pay a commission or a minimum amount.
## What are the drawbacks of using Bumped App?
While Bumped has many benefits, there are some drawbacks to consider:
– It is only available in the United States: Bumped is currently only available to users in the US.
– It has a limited selection of brands: Bumped only offers rewards from a limited number of brands, and users may not find their preferred retailers on the list.
– It is not a substitute for a financial advisor: Users should not rely solely on Bumped for their investment decisions and should consult with a financial advisor.
## FAQs
### Is Bumped safe to use?
Bumped takes security seriously and uses bank-level encryption to protect users’ personal and financial information. The app also does not store users’ card information on its servers.
### How long does it take to earn a stock reward?
It can take up to ten business days for users to receive their stock rewards after making a purchase.
### Can I sell my stock rewards?
Yes, users can sell their stock rewards for cash. However, they may need to pay taxes on the gains.
### What types of stocks can I earn?
Users can earn fractional shares of stocks from popular companies such as Amazon, Apple, and Tesla.
### Does Bumped charge any fees?
No, Bumped does not charge any fees to its users.
## Conclusion
In conclusion, Bumped is an innovative investment app that allows users to earn stocks as rewards for their purchases. The app is free to use, easy to navigate, and offers a unique way to invest in stocks. While it has some drawbacks, such as a limited selection of brands and availability only in the US, it is a great app for those looking to invest in stocks without paying fees or minimum amounts.