Cashback was usually considered an advantage of credit cards. However, debit cards now offer the same benefit. Check this guide and learn how to use your debit card to cashback to the fullest!
Are you interested in earning some extra dollars just by swiping your debit card? You just need to learn how to strategically use the cashback to your advantage.
This used to be only a credit card feature, but with debit cards, like Discover Cashback Debit, you can also earn cashback just by making purchases with your card.
But, how can you get the most out of your cashback?
First, you need to search for a rewards program that matches your needs and spending. With debit cards like the one offered by Discover, you can earn 1% cashback on purchases up to $3,000.
To maximize the cash back you should make a plan and, in order to save the money without feeling tempted to use it, set an automatic deposit of your cashback to your savings account.
Once you get your debit card, you should base your purchases on your cashback plan. One of the best things you can do to get high cashback is to offer your friends or family to make group purchases, like dinners or vacation rentals. This way, you can make large purchases, getting the most out of your debit card cashback.
Lastly, one thing you need to keep in mind is that you should always make sure you have enough money in your account to cover your purchases. Otherwise, you will be spending more than you have and end up paying overdraft fees.