Debit Cards: Are You Earning Cash Back?

Are you earning cash back with your debit card? For a lot of people, the answer to that question is no. Sure, debit cards don’t come with the debt that credit cards produce, but they also don’t usually provide the same rewards. Recently, though, that fact has changed. More and more debit cards now come with cash back options and other rewards. The key is knowing where to look.

Why You Need a Cash-Back Program

You use your debit card for your day-to-day purchases. Why shouldn’t you get the same rewards you could get with a credit card? With debit cash-back programs, you can put up to 1% of the money you spend back into your pocket. Over time, that money can go a long way. Some people put their cash-back reward money into a savings account. Others use it to make more essential purchases. In any case, having a cash-back program for your everyday purchases can make a difference in your financial life.

What About Other Rewards?

Debit card rewards aren’t limited to cash back. In some cases, you can earn many of the same rewards that you’d earn by using a credit card. Sometimes, those rewards consist of “points” that you can exchange for gift cards and similar prizes. In other cases, you can earn airline miles to reduce some of your travel expenses. If you’re using the right debit card, you can earn the rewards that you deserve.

Where to Look for Cash-Back Programs

You’ll want to find the debit card that meets your needs. To find your ideal debit card, start by looking into local banks and credit unions. Credit unions may be especially helpful in this case. They’re owned by their members, and they’re built specifically for the needs of their membership. If a lot of members need reward-based debit cards, then a credit union is likely to implement a rewards program for debit card users. Community banks, meanwhile, care a lot about community needs. They’ll often offer rewards products if their communities show a significant need for them.

Let Us Help

Looking for the debit card that will meet your needs? Ready to find out how to earn more rewards and cash back? We can help you find what you need. Take a look at Bundlefi today. We connect our users with their local community banks and credit unions. With Bundlefi, you can compare debit card options and make the choice that will work best for you.