When you sign up for Snap, you get a $99 credit card in the mail, but it doesn’t actually make you any money!
It’s not the money you would expect from a credit card, but a $100 gift card is what’s inside the box.
The gift card comes with a Snap logo, a Snap coupon code, and a $0.00 credit card fee.
The card will then be charged off in 30 days, and you’ll receive the $99 bonus the next time you sign in.
The $100 credit card will also be credited to your account within 10 days.
The company says that, on average, it takes approximately four weeks to process the payment, but you can apply it to any existing Snap credit card or your own account.
It’s unclear how much of a savings you’ll get from the $100 bonus.
We’re told that the $95 gift card offers a $200 value bonus, but we haven’t seen that offer listed.
We’ll update this article if we find out more.
Snap said it was “actively testing” the new gift card program and said it would release more details as it became available.
We’ve reached out to the company for comment and will update this story if we hear back.