
Almost everyone has credit cards however most people do not make money using them. I will give you tips to make money using your debit card.
Debit cards are as much a part of life as credit cards, most people do not use cash anymore. You might as well take advantage of your debit card usage and make some money from it.
Many debit cards will pay you a percentage cash back when used in stores to buy items. Most pay between 1-5% and some pay a fixed figure like 10 cents per use. If you take advantage of this feature and use your debit card instead of a credit card, check or cash you can make quite a nice sum of money within a years time. Many debit cards also have rewards programs that issue points.
Taking advantage of the loopholes and getting paid cash and reward points can quickly add up. Always sign up for these features and take advantage of them to put cash in your pocket.
References
- Federal Trade Commission. "Using Debit Cards." Accessed Jan. 11, 2020.
- Santa Clara County Federal Credit Union. "Both Sides of the Card: Understanding Credit and Debit Cards." Accessed Jan. 11, 2020.
- Consumer Financial Protection Bureau. "Understanding the Overdraft “Opt-in” Choice." Accessed Jan. 11, 2020.
- Washington State Department of Financial Institutions. "Debit Cards Frequently Asked Questions." Accessed Jan. 11, 2020.
- Consumer Financial Protection Bureau. "Checking Account Basics," Page 7. Accessed Jan. 11, 2020.
- Consumer Financial Protection Bureau. "Bank Accounts Key Terms." Accessed Jan. 11, 2020.
- Congressional Research Service. "Regulation of Debit Interchange Fees," Page 2. Accessed Jan. 11, 2020.
- Federal Trade Commission. "New Rules on Electronic Payments Lower Costs for Retailers." Accessed Jan. 11, 2020.
- Visa. "Visa Debit Cards Are Fast, Easy, and Convenient." Accessed Jan. 11, 2020.
- Consumer Financial Protection Bureau. "Am I Responsible for Unauthorized Charges If My Credit Cards Are Lost or Stolen?" Accessed Jan. 11, 2020.
- Experian. "How to Avoid Paying Credit Card Interest." Accessed Jan. 11, 2020.
- Experian. "What Affects Your Credit Scores?" Accessed Jan. 11, 2020.
- Visa. "Visa Traditional Credit Card Benefits." Accessed Jan. 11, 2020.
- Discover. "Checking Account." Accessed Jan. 11, 2020.
- Winslow Community Federal Credit Union. "Debit Card Holds." Accessed Jan. 11, 2020.
- Consumer Financial Protection Bureau. "What Is the Difference Between a Prepaid Card, a Credit Card, and a Debit Card?" Accessed Jan. 11, 2020.
- Consumer Financial Protection Bureau. "What Should I Do If My Prepaid Card or PIN Is Lost or Stolen or I See Unauthorized Charges?" Accessed Jan. 11, 2020.
Writer Bio
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