2% cashback on inventory purchases

The offer

New Shield card clients earn 2% cashback on eligible inventory purchases in Beauty, Trading Cards, Commodities, and Apparel, on up to $100,000 in eligible purchases. The 2% is the 1% base cashback that applies to eligible business purchases on the Shield card, plus an extra 1% promotional cashback funded by Shield.

All other eligible business purchases earn the 1% base cashback. The 1% base rate also applies to every category once the Promotion ends.

Who qualifies

• US-registered businesses that apply for a Shield card between October 1, 2026 and October 31, 2026 and are approved.
• Applying does not guarantee approval. Every application is subject to Shield's review.
• New card clients only. Businesses that already held a Shield card before October 1, 2026 are not eligible.
• Your account must be in good standing and your card payments up to date.

What counts

Eligible purchases are business inventory purchases made with your Shield card in the listed categories during the Promotion period. Returns, refunds, reversed or disputed charges, and declined transactions do not count. Shield determines eligibility from merchant category and transaction data.

The $100,000 limit applies once per business for the whole Promotion. It is not a monthly limit.

Promotion period

You can apply for a card from October 1, 2026 through October 31, 2026. Only eligible purchases made from the day your card is activated through October 31, 2026 earn the extra 1%. Purchases made after October 31, 2026 do not count, even if you applied during the Promotion.

When and how you are paid

Cashback is paid after your card payment date. By default, card payments are collected on the 10th of each month unless you have asked us to change your payment date. Once your full payment settles, the base 1% cashback is awarded to your card by CapitalOS, which administers the cashback program (not First Internet Bank of Indiana).

Shield's extra 1% is calculated on the full month of eligible purchases and paid after your payment date as well. We will pay it to your card, to your Shield account, or by wire, based on your preference, and we will ask you which you prefer. Timing can differ between clients because payment dates differ, so payouts may not arrive on the same day for every business.

When cashback can be withheld

Shield may withhold or reverse cashback if we find fraud, misuse, purchases made only to earn cashback, resale of cards, a breach of the Shield Terms of Service, or if your account is closed or restricted before payout.

Changes to the Promotion

Shield may change, pause, or end the Promotion at any time. We will post updates on this page. Changes will not reduce cashback already earned on eligible purchases made before the change.