Understanding Your Rewards: A Comprehensive Guide.
Discover the features and benefits of your Stock Rewards module in this quick overview video!
Learn how to track, manage, and maximize your stock rewards with ease. Whether you're new to stock compensation or looking to make the most of your portfolio, this video guides you through the essentials, helping you stay on top of your financial growth.
Want some step by step instructions?
Step 1: On the top of the page, your currently selected stock is displayed. You can observe the stock's name and the percentage of stock rewards earned on all purchases made from your selected stock.
Step 2: A colorful timeline is of your total purchases is also available, with each color representing a different stock. These colorful tabs show the exact dollar amount earned from each stock. Notice, that the last orange section, combines stocks with significantly smaller purchase amounts into one section color.
Selected Stock Details
Step 3: Your selected stock will automatically be displayed once you enter the "Rewards" module. Click on the "i" icon to learn more about the stock selection process.
Step 4: On the top of your selected stock box, the percentage received back in rewards from stock purchases can be reviewed. The minimum about of purchases required to redeem your stock reward is also displayed.
Step 5: You can also find useful information about the stock, such as its short description, current price, dividend yield and market cap.
Step 6: There are various different stocks available in your brokerage. These can all be viewed by scrolling through the stocks in the box on the left on your screen.
Redeeming Stock Rewards
Step 7: The stocks in which your purchases have reached the minimum capacity for rewards, will have the option to redeem your reward. To do this, click on the green "redeem" option to initiate a successful redemption. A pop-up notification will confirm that the rewards are on their way and should appear in your Bits of Stock brokerage account within two business days.
Step 8: Note that not all stocks have redeemable rewards in your brokerage at all times. For instance, in the example of the tutorial, the Microsoft stock needs a minimum of 1.5 dollars in purchases, which is yet to be reached for a redemption.
Rewards History
Step 9: By scrolling further down the rewards history page, you can view your rewards history page. Here, all your reward activities are displayed.
Step 10: The status of recently redeemed rewards in displayed on the right. For instance, the newly redeemed Walmart stock we have redeemed in this walkthrough is currently "pending". Once the redemption process is complete, the status will change from "pending" to "redeemed".
Step 11: Each stock activity also has a date on the left on your screen, making tracking your redemptions easier. Moreover, missed rewards can be identified by checking which stocks have the "unredeemed" status.
Step 12: The reward history can be sorted by different statuses. You can sort by: "pending reward", "unredeemed", "pending redemption", "already redeemed rewards", and "expired rewards".
It's that simple, so go ahead and enjoy the benefits of the stock rewards program!
