Have you ever heard of a debit card with a cash reward and several handy perks?
If you are one who hates to carry cash or prefers shopping online but is not much of a fan of credit cards, then a great alternative can be a debit card, which might suit you well.
You must have seen Cash Back Debit Card with pleasing offers, although debit cards are a bit slow in that regard. But now Cash back
You will be glad to hear that we have listed 10 debit card with cash-back rewards, points, and investment schemes.
Top Online Debit Cards With Cash Rewards:
App | Offer | Link |
Paypal 3% + 2% cash back | Learn More | |
Bank of America 15% cash back | Learn More | |
Chime Advance 2-day paycheck | Learn More | |
Discover Up to $3000 /Month | Learn More | |
Varo Money | Learn More | |
Empower Cash up to $250 | Learn More | |
Citi Get up to $2,000 bonus | Learn More | |
BMO Loan up to $50 – $250 | Learn More | |
Axos Cash Back No Fee | Learn More | |
Upgrade Cash Advance Up to $1,000 | Learn More |
Paypal: 3% + 2% Cash Back
Paypal cash back MasterCard offers 2% cash back and 3% back on purchases. The card offers two kinds of rewards rates one with unlimited 3% cash back on checkouts and 2% back on purchases with MasterCard.
You can check out from PayPal card on eBay, Zappos, Netflix, Etsy, and several other travel companies like Airbnb and American & United Airlines.
PayPal Cashback MasterCard: Basic
Annual fee: $0.
Overdraft Fee: $0
Rewards: 3% cash back on purchases from PayPal, 2% back on all other purchases.
Sign-up bonus: if your friend uses a referral link and spend at least $5 each, both of you can earn $10 (1,000 points) Paypal Referral Bonus. Refer ten friends and you can earn up to $100 cash back (10,000 points).
Foreign transaction fee: 3%.
PayPal Debit Card Pros | PayPal Debit Card Cons |
Fee: No annual or monthly fee is required. | You have to be a member or customer to get the reward. |
Reward: High reward rates on shopping and each spend. | You will be charged with foreign transaction fee when making transfers abroad. |
Bank Of America: 15% Cash Back
Bank of America presents a simple debit card with offers and deals. BankAmeriDeals programs offer cash back deals to customers on selected merchants.
Card Type: Business
Minimum Deposit: $100
Overdraft Fee: $0
Monthly Fee: $16 which can be waived if you maintained an amount of $5,000 on average monthly balance or make use of your debit card to pay at least $250 in new net purchases every month.
Reward: Cash back up to 15%on selected merchants.
Bank Of America Debit Card Pros | Bank Of America Debit Card Cons |
Fee: No fees for the first 200 transactions. | If you do not maintain the required amount in the account, you may have to pay a $16 monthly fee. |
Reward: 15% or more cash back | You have to keep a minimum of $100 deposit to open an account. |
Chime: Advanced 2-day Paycheck
Chime has raised over $12 million in venture funding and is the banking partner for Bancorp Bank. Chime empowers people to make better financial choices.
Chime has an automatic saving account which gives your savings a bump. It also provides fee-free ATM service with no maintenance fee at all. Chime reward programs give its users the incentive to save money easily.
Card network: Visa
Card Type: Debit
Minimum Deposit: None
Overdraft Fee: $0
Monthly Fee: None
Reward: Get a fee-free overdraft of up to $200 with SpotMe and 2-day paycheck advance with direct deposit.
Chime Debit Card Pros | Chime Debit Card Cons |
Fee: No annual or monthly fee is required. | You can’t make a Joint account or secondary card. |
Reward: Get advance paycheck up to 2 days early using direct deposits. | No CDs |
ATMs: 60,000+ fee free ATMs | No branches. |
Discover: 1% Cash Back + Advance Paycheck
Discover Cashback Debit card is among the ones that do not offer any annual fee and offer rewards. While the cashback is low being 1%, users can take advantage of rewards on purchasing up to $3000 each month. And earn up to $30 through purchases monthly.
No minimum deposit is required to open an account with 60,000+ Fee Free ATMs to withdraw money anytime you want.
Card Type: Business
Minimum Balance: $0
Overdraft Fee: $0
Monthly and Maintenance Fee: $0
Reward: Cash back up to 1% on debit card with $2000 every month. Users can access paycheck up to 2 days early.
Discover Debit Card Pros | Discover Debit Card Cons |
Fee: No annual or monthly fee is required. | Can only be used with selected merchants such as Canada, Mexico, and the Caribbean |
Reward: 1% cash back on $3000 in debit card purchases. | You will be charged with foreign transaction fee when making transfers abroad. |
Empower: Cash up to $250
Empower is a mobile application founded in 2020 based in San Fransico which offers advance cash to its users. This app has high fees although it’s up to you if you want the subscription ( $8 subscription fee) or not. You can get advance amounts of up to $10 – $250.
You can qualify for Empower Advance by having your income, banking history, balances, and transactions reviewed by the Empower company.
Card Type: Debit
Minimum Deposit: $0
Overdraft Fee: $0
Monthly Fee: $8 or $0 if you want to opt out ( email their customer support)
Reward: $10 – $250 advance payment.
Empower Debit Card Pros | Empower Debit Card Cons |
Fee: $0 or $8 (depending on your choice) | Advance is smaller as compared to other apps. |
Reward: Advance payment of up to $10 – $250 | The app does not explicitly notify you when withdrawing repayment. |
Features: Budgeting and credit-building features. | The optional subscription fee is high. |
Citi: Get up to $2,000 bonus
Citi Bank offers the best debit card which is dedicated to bringing you the most awesome and flexible payment experiences and exclusive earning packages with global privileges altogether.
It offers easy payments and free transactions on domestic and overseas ATMs which is a must-want feature of any debit card.
Card Type: Debit
Minimum Deposit: $0
Overdraft Fee: $0
Monthly Fee: The fee can be waived with a minimum balance required.
Reward: You can get up to $2000 Citi Sign Up bonus.
Citi Debit Card Pros | Citi Debit Card Cons |
Fee: No annual or monthly fee is required. | Limited feature depending on the residency or state. |
Reward: up to $2000 welcome bonus. | Minimum balance required to use checking accounts. |
BMO Harris: Loan up to $50 – $250
BMO Debit card comes with a handful of credit card features that you must want to try. BMO lets you access your fund quickly and shop in-store and online easier through the Debit Mastercard.
It also has the feature of linking to your mobile wallet, in this way, you can your domestic bills by simply swapping your phone.
BMO Debit Mastercard comes with a BMO chequing and saving account and is not a simple credit card.
Card Type: Debit
Minimum Deposit: $100
Monthly Fee: $16 which can be waived if you maintained an amount of $5,000 on average monthly balance or make use of your debit card to pay at least $250 in new net purchases every month.
Reward: Cash back up to 15%on selected merchants.
BMO Harris Debit Card Pros | BMO Harris Debit Card Cons |
Fee: No annual or monthly fee is required. | No credits |
Reward: Loan up to $50 – $250. | You will be charged with foreign transaction fee when making transfers abroad. |
Easy Payment: Tap and go payment options | No access to credit since it’s a debit MasterCard. |
Link: Attach and link with your mobile wallet. | No such rewards. |
Axos: $2000 Sign Up Bonus + 1% Cash Back
Axos Bank Cash Back Debit Card is a good free option that offers 1% cashback when you spend up to $2000 worth of purchases each month. Form which you can earn up to $20 in rewards each month.
You have to keep a minimum deposit of $50 to open an account. Whereas, no monthly fees for maintenance is required for account or ATMs.
Card Type: Business
Minimum Deposit: $50
Minimum Balance: $0
Monthly Fee: $0
Reward: Cash back up to 1% on $2000 worth of purchases from the account. Maintain a daily balance of $1500. Or else you can earn 0.5% on cash back for each month.
Axos Debit Card Pros | Axos Debit Card Cons |
Fee: No annual or monthly fee is required. | Digital accounts are not provided with debit cards. |
Reward: 1% on $2000 shopping. | An amount greater than 10 crore requires a difficult method to calculate interest. |
Upgrade: up to 2% Cash Back
Upgrade offers the best Cash Reward cards with 1.5% cash back on paying for your purchases. The Cash Card also offers a $200 Upgrade Sign Up Bonus after making three or more qualifying purchases within 60 days of making the account.
Upgrade charges no annual or foreign transaction fee from its users, which can make it the most demanding card among customers.
Card Type: Debit
Minimum Deposit: $0
Monthly Fee: $0
Reward: $200 Sign Up bonus + Cash back up to 2% on simple purchasing.
Upgrade Debit Card Pros | Upgrade Debit Card PayPal Cons |
Fee: No annual or monthly fee is required. | Overdraft payments have no protection. |
Reward: $200 welcome bonus + 2% cashback | No cash deposits allowed. |
ATMs: Fee-Free ATMs | No branch access. |
Conclusion:
If you are one who loves to earn Cash Back rewards on purchases, then you must try these debit Cash Back cards.
We have listed some of the Best Debit cards to provide you with the best solutions to your needs. Check out the features of all of them before selecting the one for you.
Whereas, in terms of reward points discovers ranks the highest. Although, you can have a card that fits your requirement and must not go after bonuses and reward points.