Baselane Cash Back Agreement

Updated as of November 16, 2023

These Terms and Conditions give you detailed information about how the Baselane Cash Back Rewards Program (the “Program”) works. This is a separate and independent agreement from the Baselane Business Visa Debit Cardholder Agreement (the “Agreement”).  The Program is operated by Skylight Financial, Inc. (“Baselane”) and for the avoidance of doubt, is not provided or sponsored by Blue Ridge Bank, N.A. or Thread Bank (the “Bank”).

By registering for an account for the Baselane services and opting into the Program, you accept these Terms and Conditions. The word “Account” or “Debit Card” means your Baselane Business Visa Debit Card (the “Card”).


You must have a Baselane Business Checking Account and Baselane Business Debit Card (each provided by the Bank), and each must be active and in good standing, for you to be eligible for the Program. For the avoidance of doubt, “active” and “in good standing” shall mean that your account does not have a negative cash balance and you are not in breach of any agreements between you and Baselane (e.g., you have not engaged in any illegal or fraudulent activity related to your account or the Program and you have not misused your account or the Program in any way).

Earning Cash Back Rewards

You earn five percent (5%) Cash Back Rewards when you, or an authorized user, use a Card to make up to $2,000 of purchases per year (minus refunds and returns) with eligible home improvement merchants and then one percent (1%) thereafter minus refunds or returns (“Bonus Cash Back Rewards”). For all other purchases, you earn an unlimited one percent (1%) Cash Back Rewards when you, or an authorized user, use a Card to make most Purchases of goods and services, minus refunds and returns. For Bonus Cash Back Rewards at 5%, this equates to Five Cents ($0.05) in Cash Back Rewards for each One Dollar ($1) spent on eligible home improvement purchases, and for other Cash Back Rewards this equates to One Cent ($0.01) in Cash Back Rewards for each One Dollar ($1) spent. For example, if you spend One Hundred Dollars ($100) on purchases eligible for 1% Cash Back Reward, we will calculate One Dollar ($1.00) in Cash Back Rewards. Your rewards will be rounded to the nearest cent.  Cash Back earnings will be displayed on the Baselane platform, when the purchase transaction has posted, which may be after your purchase date. Some merchants may compile purchases and post them at a later date, which may be different than the day the purchase was initiated.

Purchases with the following select merchant codes are eligible for the Bonus Cash Back Rewards at five percent (up to a maximum of $100 in Bonus Cash Back Rewards on a maximum of $2,000 in eligible purchases): 5200 – Home Supply Warehouse Stores and 5251 – Hardware Stores.

Merchants are assigned a merchant category code (“MCC”) which is determined in accordance with Visa procedures based on the kinds of products and services the merchants primarily sell. We don’t control the assignment of these codes and are not responsible for the codes used by merchants. When you use your card to make a purchase, we are provided an MCC for that purchase. We group similar merchant codes into categories for purposes of making rewards offers. Sometimes you may expect a purchase to fit within a rewards category, but if the code assigned to the merchant wasn’t grouped into that category as recognized by Baselane, your purchase will not qualify for additional rewards. For example, you won’t earn additional points for hardware purchases made at a grocery store if the grocery store is not assigned a “hardware store” code. We reserve the exclusive right to determine which purchases qualify for additional Cash Back Rewards.

Additionally, certain transactions do not count as Purchases for purposes of earning Cash Back Rewards:

  • Fees of any kind, as applicable
  • Unauthorized or fraudulent charges
  • Cash Advances (such as the purchase of cash or cash equivalents, including casino chips, lottery tickets, or money orders) or ATM disbursements
  • Person-to-person money transfers
  • Transfers from checking or other deposit accounts
  • Transactions with MCC Codes: 6012 – Financial Institutions – Merchandise and Service; 6211 – Security Brokers/Dealers; or 6051 – Non-Financial Institutions – Foreign Currency, Money Orders (not wire transfer) and Travelers Cheques.

Purchases made through third-party payment accounts, mobile or wireless card readers, digital wallets or similar technology will not be eligible if the technology does not provide sufficient transaction details for rewards qualification. Additionally, to earn rewards, your Account must be open and in good standing with a positive cash balance. Your Account must also not be used for any illegal transactions.

When refunds or returns are posted, the respective Cash Back Rewards will be debited from your Cash Back balance. This may lead to a negative Cash Back Reward balance if the debit is larger than the existing Cash Back balance.

Redeeming Your Cash Back Rewards

You can redeem your Cash Back Rewards at any time after they have been displayed on your account by visiting the Baselane platform. Your Cash Back Rewards will be deposited into your main account at Baselane in accordance with the method of calculation as described above. You may redeem your Cash Back Rewards starting at Ten Dollars ($10), and there is no maximum redemption limit. When you elect to redeem your Cash Back Rewards your funds will generally be deposited into your account instantly.

Expiration of Cash Back Reward

As long as your Account is active and in good standing (as defined above in the Eligibility section), your Cash Back Rewards will not expire.

When You Will Not Be Able to Earn or Redeem Cash Back Rewards

We may temporarily suspend your Account from earning Cash Back Rewards, or redeeming Cash Back Rewards you have earned, if any of the following occurs:

  • If we believe you have engaged in fraudulent activity related to your Account or the Program.
  • If we believe you have misused the Program in any way.

When You May Lose Your Cash Back Rewards

If you lose your Cash Back Rewards pursuant to these Terms, we will not reinstate them unless we have made an error. You will immediately lose any earned Cash Back Rewards if your Account status changes, or your Account is closed for Default, for any of the following reasons:

  • You fail to comply with these Terms or other agreements you have with us related to your Account.
  • We believe you have misused the Program in any way.
  • We believe you have engaged in fraudulent or illegal activity related to your Account or the Program.

If your Account is closed for any other reason, you will have at least thirty (30) days from the date your Account is closed to redeem your Cash Back Rewards; provided, however, that you have not already lost your Cash Back Rewards for any of the reasons outlined in these Terms. If you do not redeem your Cash Back Rewards before the end of the redemption period we provide you, you will lose any remaining earned Cash Back Rewards.

Changes to the Terms or Program

Generally, we may make changes to the Program, and this Agreement, at any time. For example, we may:

  • Add new terms or delete terms
  • Change how you earn Cash Back Rewards
  • Change how you use or redeem your Cash Back Rewards

We may also temporarily prohibit you from earning Cash Back Rewards or using any other feature of the Program. We may supplement this Agreement with additional terms, conditions, disclosures, and agreements, which will be incorporated into this Agreement.

We may provide you notice of these types of changes in writing, which, at our option, may be delivered to you electronically through email or through our online services.

Other notices. We will provide notice of other changes to the Program or this Agreement by posting an updated copy of this Agreement when you log into our website at

Termination of the Program

Modification; Suspension; Termination.  We reserve the right in our sole discretion to modify, suspend, or discontinue the Program, or any features or parts thereof, whether temporarily or permanently, at any time with or without notice to you in our sole discretion.

Effect of Termination.  Notwithstanding anything contained herein, you acknowledge and agree that your sole remedy in the event that we discontinue the Program shall be an automatic payout of your earned and remaining Cash Back Rewards.   To the fullest extent permitted by applicable law, we shall have no additional liability or obligation to you in such event.

Authorization to Retrieve and Use Third-Party Information On Your Behalf

By enrolling in the Program and agreeing to these Terms, you expressly authorize us to act on your behalf as your agent and representative to access your consumer financial information in your Account and Card pursuant to Section 1033 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. Through this authorization, we will collect information about your financial transactions on your Account and your Card for the purpose of facilitating the Program and your participation in it. Your consumer financial information will be collected, maintained, stored, and shared in accordance with our Privacy Policy, available at