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I have a Discover Bank Cashback Checking Account. I get 10 cents per debt card transaction. https://www.discover.com/online-banking/checking/ https://www.discov
by nommm-nommm 10y ago
I have a Discover Bank Cashback Checking Account. I get 10 cents per debt card transaction. https://www.discover.com/online-banking/checking/ https://www.discover.com/online-banking/checking/
It's not unique, there's a few Cashback checking accounts out there.
Other banks require a certain amount of debt card transactions a month to remain fee free.
- acveilleux 10y agoThat's cool but that's a fixed 10 cents, so basically Discover is forwarding to you some of the money they receive for handling the debit in the first place. I have yet to see a debit card do a 1% cash back, which is really common in credit. Here in Canada, the debit charge (handled via the interbank Interac "sort of coop") are really low, 6 cents per transactions is about par. There's nowhere to tack on even a 10 cents cash back.