10 Best Cash Back Debit Cards

by MMC
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Yes, there are many cash back credit cards available. But you may prefer a cash back debit card over a credit card if you can’t pay your credit card bill in full each month or if you struggle with impulsive spending.

Below, you’ll find 10 checking accounts with cash back debit cards available nationwide. Several of these accounts are also among the best rewards checking accounts.

Axos CashBack Checking lets you earn up to 1% cash back on signature-based debit card transactions.

To get 1% cash back on eligible debit card purchases, you’ll need to maintain an average daily balance of $1,500 or more in your checking account. Otherwise, you’ll get 0.50% cash back on eligible purchases. The maximum amount of cash back you can earn each month on signature-based transactions is $2,000.

With the Discover Cashback Debit Account, you can earn 1% cash back on up to $3,000 in eligible debit card purchases per month.

However, certain types of debit card transactions are not eligible for cash back. For example, if you purchase a money order or make a loan payment, you will not be able to get cash back for the purchase. You also can’t get cash back for peer-to-peer payments (like Apple Pay Cash) or for a purchase made using a payment app (like Venmo or PayPal).

With SoFi Verification and Savings, you can earn up to 15% cash back on eligible debit card purchases at participating stores and restaurants. You’ll need to link your debit card and sign up for cash back to see a list of participating businesses and earn rewards.

The Juno Basic checking account offers 5% cash back on up to $10,000 in debit card purchases per year with select brands. The full list of participating brands is available on the Juno website.

Only certain debit card transactions are eligible for the cash back benefit. For example, gift card purchases, prepaid card purchases, cash advances, peer-to-peer payments, and traveler’s check purchases are not eligible for cash back.

Your account must also remain open and in good standing to benefit from the checking account cash back feature.

Upgrade Rewards Checking Plus offers up to 2% cash back on everyday debit card purchases at convenience stores, gas stations, monthly subscription services, restaurants, and utility and phone providers.

To earn 2% on everyday purchases and 1% cash back on all purchases, your checking account must receive direct deposits of $1,000 or more each month. The 2% cash back benefit is limited to $500 in cash back per year. After the $500 limit, you’ll earn 1% cash back on debit card purchases for the rest of the year.

If you don’t receive direct deposits of $1,000 or more each month, you’ll earn 1% cash back on everyday debit card purchases and 0.50% cash back on other types of purchases by debit card.

You will not be able to earn cash back on gift card purchases, loan payments, money orders, ATM transactions, wire transfers, or payments made through digital wallets or payment apps.

With LendingClub Rewards Checking, you can earn unlimited 1% cash back on eligible signature-based debit card purchases.

To be eligible for the cash back feature, your checking account must have a daily balance of $2,500 or more.

You will not be able to use the checking account for purchases that are returned or deemed to be cash equivalents (such as gift cards or prepaid debit cards).

The ONE Account lets you earn 3% cash back up to $50 annually at Walmart stores or Walmart.com.

To get cash back, you’ll need to receive direct deposits of $500 or more each month or have a total account balance of $5,000 or more.

Gift card and prepaid card purchases are not eligible for cash back. You also won’t receive cash back at Sam’s Club or restaurants or vendors located in Walmart stores.

Primis Perks Checking has a cash back debit card. You can get $0.50 back on all debit card transactions except ATM transactions.

Salem Five Direct eOne Checking lets you earn $0.05 on all signature-based debit card purchases.

Quontic Rewards Checking offers 1% cash back on eligible debit card purchases (up to $50 cash back per statement cycle).

The following types of purchases are not eligible for cash back: cash on portions of sales transactions, peer-to-peer payments, loan repayments, purchases through payment apps, or ATM-based transactions.

Yes, some checking accounts have debit cards that give you cash back when you make eligible purchases. Some examples include (but are not limited to) Axos CashBack Checking, Discover Cashback Debit Account, and LendingClub Rewards Checking.

No, credit cards aren’t the only way to get cash back on your purchases. Some debit cards also offer cash back benefits, and some of the best apps to earn money also offer cash back features.

ONE Finance has a hybrid checking/savings account that offers 3% cash back (up to $50 per year) on Walmart purchases. ONE Finance is owned by fintech company Hazel, created by Walmart and investment firm Ribbit Capital.

Regular debit cards don’t offer any cash back. However, cash back debit cards typically offer between 1% and 3% cash back on eligible debit card purchases. A few banks offer higher percentages for cash back benefits – for example, SoFi lets you earn up to 15% cash back on eligible debit card purchases at participating retailers with SoFi Checking and Savings.

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