Earning Carry Credits
How carry credits work and how to earn 0% carry
Carry credits reduce the carry share on your investments. You can even earn 0% carry through the referral program.
What Are Carry Credits?
Carry credits are rewards that reduce or eliminate the carry percentage on your investments. Carry (carried interest) is the fund manager's share of any profits — typically 20%. With a carry credit, you keep a larger portion of your profits.
For example, if a deal normally has 20% carry and you have a 0% carry credit, you pay no carry on that investment. If the deal generates a profit, you keep 100% of your investor share.
How to Earn Carry Credits
Refer others
When someone signs up through your referral link and makes their first investment, you earn a carry credit. No limit on how many you can earn.
Get referred
If you joined Play Money through someone else's referral link, you also receive a carry credit for your investments.
Admin-granted
The Play Money team may grant carry credits as part of special promotions, events, or platform activities.
The 0% Carry Program
The "Earn 0% Carry" program is Play Money's initiative to make angel investing more accessible by eliminating the carry share. Access the program details from the user menu by clicking "Earn 0% Carry."
The 0% carry benefit means that on the investment where the credit is applied, you pay zero carry — any profits are fully yours (minus the platform fee).
How Credits Are Applied
You do not need to manually apply credits — the system handles it for you during the investment flow. When you invest, the platform automatically applies the best available carry rate to your investment.
- If you have a 0% carry credit, it reduces your carry to 0% on that investment
- Each credit applies to one investment
- If a deal already has a lower carry rate than your credit (rare), you get the lower rate
Viewing Your Credits
You can see your current carry credits and their history on the Referrals page:
- Click your avatar and select "Referrals" from the user menu
- The Carry Credits Earned stat card shows your total
- The Earned Carry Credits table shows each credit with the date, percentage, and associated person
You can also see the carry rate applied to each investment on your investment detail page.
Common Questions
Do carry credits expire? No. Carry credits do not have an expiration date. They remain available until you use them.
Can I use carry credits on any deal? Yes. Credits can be applied to any deal, regardless of the deal's normal carry rate.
How do I know if my credit was applied? The fee breakdown on the review screen shows the carry percentage. If a credit was applied, you will see the reduced rate (e.g., 0% carry).
Can I give my carry credits to someone else? No. Carry credits are tied to your account and cannot be transferred.
Can I use multiple credits on one deal? Each carry credit applies to one investment. Multiple credits are used one at a time across separate investments — they do not stack on a single deal.
Last updated 2 weeks ago
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