Best debit card rewards?
laredotornado
I'm done a little Googling, but wanted to get some opinions -- what
kind of rewards do you get for using your bank debit card? At a
couple of places I shop, they only accept cash or bank debit cards, so
I'm looking to maximize my rewards by using a debit card.
Thanks, - Dave
SMS
The best you can do it so buy prepaid Mastercard debit cards from USAA
with a USAA credit card. You get rewards on the credit card because the
reloading of the prepaid card is treated as a purchase, not a cash
advance (only if you use a USAA credit card to refill it, not any other
card from any other bank).
Since USAA charges no fees on their prepaid cards, and you can get cash
with the debit card at Cardtronics ATMs with no fees, you can earn a lot
of points if you want to go through the trouble, though they might shut
you down if you abuse this.
Unfortunately, USAA has been worsening their credit card offerings
lately. The card I have raised the number of points for a $500 r/t
flight from 25,000 to 30,000 on April 1. You can still get 1% cash
though. This card is no longer offered. The replacement cards are
essentially a 1% reward for airline tickets, and a 0.83% cash reward.
I'm hoping that Schwab continues with their 2% cash back Visa Signature
card, but I'm not confident that they'll keep that program going for
very long.