Best Debit Cards That Offer Rewards

How To Choose The Best Rewards Debit Card?

Choosing the right rewards debit card can be a financially savvy decision, provided you align your choice with your spending habits and preferences. To make an informed selection, it's essential to consider several factors that will maximize the benefits you receive. When selecting the best rewards debit card, consider the following factors:

• Cashback Percentage: Opt for a debit card with a competitive cashback rate, as a higher percentage allows you to earn more on your everyday purchases.
• Limitations/Caps: Be mindful of any limitations on cashback rewards. Some cards may have a maximum earning limit, or their higher rewards may only apply for a limited time. Ensure the card's terms align with your spending habits.
• Redemption Options: Different cards offer various redemption methods, such as direct deposit, statement credits, or gift cards. Choose a card with redemption options that suit your preferences and convenience.
• Fees: Examine the account fees associated with each cashback debit card. Some cards may charge annual fees or transaction fees, which could diminish the value of your cashback rewards.

Best Debit Cards That Offer Rewards

If you're interested in earning rewards while making purchases without relying on credit cards, cashback debit cards can be a fantastic option. These debit cards, sometimes called rewards checking accounts, let you earn cashback on your everyday transactions without the usual fees associated with cashback credit cards.

Here are the top cashback debit cards based on their reward rates, account features, fees, and minimum requirements.

• Discover Cashback Debit Card
• Axos Bank Cashback Checking Debit Card
• Serve American Express Prepaid Debit Card
• Ando Visa Debit Card
• Extra Rewards + Credit Building Debit Card

Discover Cashback Debit Card

Discover's Cashback Debit Card is a fantastic choice for those who want to earn cashback rewards while making everyday purchases without the burden of monthly fees or minimum balance requirements. The Discover Cashback Debit Card is a solid choice for cashback rewards:

• Rewards: It offers a 1% cashback rate on purchases, which applies to the first $3,000 spent each month. (Check their website for specific details.)
• Monthly Fee: You won't encounter any monthly fees.
• Minimum Deposit and Balance: There are no requirements for minimum deposits or maintaining a minimum balance.

This account stands out due to its minimal fees. There are no monthly maintenance fees, non-sufficient fund (NSF) fees, or charges for account closures, check re-orders, or official bank checks. Moreover, it provides free access to various useful checking account features like Zelle, online bill pay, standard checks, mobile and internet banking, and early access to funds with direct deposits.

You can easily open the account online, and they offer 24/7 customer support. Discover also boasts an extensive network of fee-free ATMs, with over 415,000 locations, ensuring convenient access to your funds.

Axos Bank Cashback Checking Debit Card

Axos Bank's Cashback Checking Debit Card offers a unique way to earn money while you spend. With a 1% cashback rate on signature transactions, this debit card rewards your everyday purchases.

• 1% Cashback Rewards: Enjoy a straightforward 1% cashback on transactions that require a signature, making it easy to earn as you shop.
• No Monthly Fees: Say goodbye to monthly maintenance fees, ensuring that you keep more of your cashback rewards.
• Generous Cashback Limit: You can earn up to $2,000 in cashback per month, allowing you to maximize your rewards.
• Additional Benefits: Benefit from features like check writing, unlimited domestic ATM reimbursements, peer-to-peer payments, and easy bill pay.
• Referral Bonuses: Boost your cashback earnings by inviting friends to join Axos Bank. You'll receive a $50 bonus for each successful referral.

Serve American Express Prepaid Debit Card

 The Serve American Express Prepaid Debit Card offers a unique way to earn cashback on your purchases. Unlike traditional debit cards, it's a prepaid card, which means you load funds onto it before you spend.

• 1% Unlimited Cashback: Enjoy unlimited 1% cashback on all your purchases, allowing you to earn while you shop.
• No Monthly Fees: Say goodbye to monthly fees, ensuring you keep more of your hard-earned cashback.
• Immediate Cashback Access: As soon as you make a purchase, your 1% cashback becomes available for immediate use, so you can reap the rewards right away.
• Added Benefits: This card offers additional benefits like FDIC insurance and a range of Amex perks, including purchase protection, emergency assistance, and roadside assistance.
• Customer Support: Access American Express's highly-rated customer support team 24/7, providing peace of mind and assistance whenever you need it.

Ando Visa Debit Card

The Ando Visa Debit Card is an excellent choice for eco-conscious individuals looking to earn rewards while making a positive impact.

5% Cashback for Sustainability: Ando is dedicated to environmental preservation, investing solely in green initiatives. With this card, you can earn 1.5% cashback on your everyday purchases.

No Monthly Fees: Say goodbye to monthly fees and minimum balance requirements, keeping your banking hassle-free.

Fee-Free ATM Withdrawals: Enjoy fee-free withdrawals at MoneyPass ATMs, saving you money.

High-Yield Savings: By meeting specific criteria, including debit card transactions, direct deposits, and referrals, you can earn an impressive 5.00% APY on your Grow More Savings account balance.

Security and Insurance: Rest assured, Ando accounts come with $250,000 of insurance through Community Federal Savings Bank, Member FDIC, providing financial security.

Extra Rewards + Credit Building Debit Card

The Extra Rewards + Credit Building Debit Card stands out by helping individuals enhance their credit score while also earning cashback, all without the need for a credit check.

Credit Building: Extra connects to your bank account and uses your average balance to determine your spending limit. It pays for your purchases and then repays itself the next business day, subsequently reporting your transactions to credit bureaus each month to improve your credit score.

Up to 1% Cashback: Enjoy cashback of up to 1% on all your purchases, which you can redeem for popular items such as Apple AirPods through the Extra app.

Monthly Fee: Extra comes with a $25 monthly fee or an annual fee of $199, providing access to its unique credit-building and cashback features.

Alternative Approach: While there might be more lucrative cashback cards if your primary goal is earning cash, Extra offers a valuable option for those focused on secure credit improvement.

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How To Get A Rewards Debit Card?

Earning rewards while making everyday purchases can be an attractive financial opportunity. One way to achieve this is by obtaining a cashback debit card. These cards offer cash rewards based on your spending, without the need for a credit card. 

• Research different banks and financial institutions to find a cashback debit card that matches your needs.
• Depending on the bank, you may have to open a checking account, often available for online application.
• Expect to share essential details, including your Social Security Number (SSN), driver's license, name, date of birth, and address.
• When your debit card arrives, follow the bank's provided activation steps before using it for purchases.
• Use your debit card for everyday spending to accumulate cashback. Understand your bank's criteria for optimizing cashback earnings.
• Cashback offers may change, so regularly check your bank's website or app for new opportunities. Keep an eye on your spending and rewards to ensure accuracy.
• Your bank may automatically deposit your earned cashback into your account. Alternatively, they may provide various redemption choices, such as products or travel miles. Select your preferred option.