It Is Legit!!! My Sakura Debit Card Arrived Today – With The $200 Bonus Attached
It Is Legit!!! My Sakura Debit Card Arrived Today – With The $200 Bonus AttachedA week ago Shawn wrote about an unbelievable offer from Sakura. It is a new debit card aimed at business owners. But the amazing part is that the card comes with a $200 bonus attached. If you sign up for the account they will ship you a card with $200 already loaded. It sounded too good to be true but I went ahead and applied anyway. Well my Sakura debit card arrived today via FedEx and when I activated it and logged in the $200 bonus was on my account!
UPDATE: It appears they are no longer taking applications for the time being.
Details
When Shawn originally wrote the article there was supposed to be an extra $50 for filling out a survey. I have never seen the survey so they may have pulled that but the juicy $200 bonus is real!
I filled out the application for the card in a few minutes. And like Shawn I did not add my banking info, which was optional. You do need to put in your social security number though. I have not received any notification of a hard pull for it and Sakura confirmed that in our post via the comments section.
I was approved quicker than anyone else at Miles to Memories even though I signed up later but I have no idea why. The approval email came 10/11 and I received the card from on 10/14. So they ship it out pretty quickly.
I called in to activate the card and then logged into my account online to see this:
Final Thoughts
It is still unclear how useful this card will be going forward. Depending on how you can load it and what they roll out in the future it could be useful. We will have to wait and see. But I will gladly give it a shot when it comes with a $200 bonus offer. This added to the SoFi Money bonus and SoFi Investing bonus, I have done pretty well for myself over the last week!
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If you’ve still got credit on your Sakura card (if you haven’t used that free $200 yet), you better get on it! As of Jan 31, 2020, they’re throwing in the towel. They are saying that they’ll send a check for your balance but I am certain that they’d love those checks to get ‘lost in the mail’. Cash out now is my advice!
Applied on the 11th and just got my approval today. They say that my card should be arriving in 2-5 days.
Excellent – congrats Michele
And guess what showed up a day later? A new card with $200 on it. Yay!
$$$$ 🙂
Got the card & $200 ! Great deal!
Awesome – congrats Rob!
Waiting for my card now with anticipation.
Hope it comes soon!
Per their website: “We’re sorry, but at this time we are no longer accepting new applications for the Sakura Reloadable Visa”
Hopefully they bring it back when they get through their backlog. Updated the post already – thanks
Looks like they’re not accepting any more applications at this time. 🙁
Boo – I guess I shouldn’t have waited to do one for my wife 🙁
I’m having trouble getting mine activated…
I called in and entered my card number and it activated right away. Is it giving you an error when you call?
I managed to get through to a representative and she helped me get it activated, she says they’re investigating the issue I had with automated activation system. I believe it’s because they’re a relatively new company so they still have some issues to work out as all new companies do.
Awesome – glad to hear it!
Do you happen to still have the activation number?
Sorry I don’t I threw all of my paperwork away. Maybe someone else can help.
855-568-7596
Thanks!!
Awesome – thanks Michele!
It says it is issued by sutton bank. How can i find out more about sutton bank?
From Shawn’s initial article
After digging a little I found that their prepaid card program is run by the same bank that does Cash App, Robinhood and many others. Additionally the CEO and other principals came from Square. It does seem legit.