Step Black Rules and Disclaimers

* 8% cash back on purchases up to a max of $6000 annually with select Step Black Partners. After hitting the max, you will continue to earn standard cash back multipliers (3% cash back on dining/food delivery and charitable donations, 2% cash back on entertainment, and 1% cash back on everything else). Rewards are tracked as Points and each 100 Points earned is equal to $1 in rewards. Minimum of 500 Points is required to redeem Points for cash. See more information in the Points Terms.

* Your Step deposit account is not an interest bearing product. The savings percentage is not interest, but instead earned as cash rewards directly funded and managed by Step. The rewards, if calculated as an APY, would be 5.00%. This percentage is variable and may change over time. See our Step Premium Rewards terms for more detail. 

* Ability to earn $500+ in the form of credits on purchases or statement credits for purchases with select Step Black partners, as will be advertised. Enrollment may be required.

* To receive $4.99 per month in statement credit, a minimum of $500 in qualifying direct deposit(s) in each 30 day period is required. Enrollment in Step Black is required. Statement credits are applied within 2 business days.

* Investing and advisory services for the purchasing and selling of stocks (including certain ETFs) are provided by Step Advisers LLC, a SEC-Registered Investment Adviser (“Step Advisers“). Investment accounts are held by DriveWealth, LLC, a member of the Financial Industry Regulatory Authority (FINRA) . We provide investment advisory services by making non-discretionary recommendations on a client's investment outlook. We do not manage client funds or hold custody of assets.

* Step Visa Card is designed to help build positive credit history. Positive history is reported on and related only to your Step Visa card activity, subject to your account remaining in good standing, to Transunion®, Experian®, and/or Equifax®. We do not have control over your credit scores generated by the credit bureaus. Even when we report positive credit history on your Step Visa card, your overall credit history and scores, as built by the credit bureaus, may be impacted by your financial activity outside of your Step Visa card (including any other Step loan products or other external activity). The Secured Card is not designed for a user to carry balances (i.e. debt) from month to month. The full balance is due at the end of each month.

* All deposits are held by Evolve Bank & Trust, member FDIC. Through Evolve’s Sweep Network, Step Black users are eligible for up to $1,000,000 in FDIC insurance coverage. Learn more at LINK