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Debit Card Rewards

Posted on 6/12/14 at 1:52 pm
Posted by SwatMitchell
Austin, TX
Member since Jan 2005
2312 posts
Posted on 6/12/14 at 1:52 pm
I just read through the entire "Credit Card Rewards" thread and there was no mention of these.

We have been using the BofA Alaska Airlines Debit Rewards card for years and that plan has been discontinued within the month.

Is anyone aware of any similar offers out there?

We are in Austin and would consider any bank with a single branch here and also consider online only options.
Posted by htownjeep
Republic of Texas
Member since Jun 2005
7612 posts
Posted on 6/12/14 at 2:17 pm to
I used to have the Continental/Chase debit card but those went away some time ago. I am not aware of any debit rewards cards out there. You can thank the Dodd-Frank Act.
Posted by htownjeep
Republic of Texas
Member since Jun 2005
7612 posts
Posted on 6/12/14 at 2:18 pm to
Maybe try this?

LINK
Posted by lsu13lsu
Member since Jan 2008
11474 posts
Posted on 6/12/14 at 2:18 pm to
I have Capital One Premier Rewards Checking. It is rewards on debit card and epayments.
Posted by Joshjrn
Baton Rouge
Member since Dec 2008
26982 posts
Posted on 6/12/14 at 2:21 pm to
Out of curiosity, why would you want this over a credit card?
Posted by SwatMitchell
Austin, TX
Member since Jan 2005
2312 posts
Posted on 6/12/14 at 2:40 pm to
quote:

Out of curiosity, why would you want this over a credit card?


It is more of a hardline budgeting tool, my wife and I have a joint account and she does most of the spending.

Also, to keep our credit scores high by keeping a low utilization rate on our credit cards - which we use for online, hotel and autopay items. We do have a UPromise MC credit card (personal) and Chase Rapid Rewards Visa (business purchases).

Posted by lsu13lsu
Member since Jan 2008
11474 posts
Posted on 6/12/14 at 3:16 pm to
quote:

Out of curiosity, why would you want this over a credit card?


I have both. I get points on my debit card if I ever randomly use it plus I get points for any payments that have to go through there like Entergy. They build slowly but they do build.
Posted by LSUsuperfresh
Member since Oct 2010
8329 posts
Posted on 6/12/14 at 3:20 pm to
I was building up points for a little while on my USAA debit card, but I can't find them anymore online. I figured they just did away with the debit rewards
Posted by BACONisMEATcandy
Member since Dec 2007
46643 posts
Posted on 6/12/14 at 3:26 pm to
Dodd-Frank changes basically made debit cards even less profitable for banks. Doubt debit card rewards will be around much longer

ETA: Besides CC rewards are much better. For the concerns you have just prepay your bill each month
This post was edited on 6/12/14 at 3:34 pm
Posted by igoringa
South Mississippi
Member since Jun 2007
11875 posts
Posted on 6/14/14 at 12:12 am to
quote:

Out of curiosity, why would you want this over a credit card?


As a small business owner, I send an awful lot to Uncle Sam 4 times a year.

The fees on CC are high (1.89% as the lowest) while debit is more flat fee $4.

Should get 4 round trip tickets to Orlando for the family this year off tax payments alone.

That is why I use it. Don't use it for much else.
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