Are you looking for a checking account that rewards you for your everyday spending? If so, the Discover Bank Cashback Debit Account is a great option to consider. This account offers a competitive 1% cash back on up to $3,000 in purchases each month, plus a variety of other features that make it a great choice for savvy shoppers.
What is a cashback debit account?
A cashback debit account is a type of checking account that is linked to a debit card. When you use your debit card to make purchases, you earn cash back on those purchases. The amount of cash back you earn will vary depending on the account you choose, but it is typically a percentage of your spending.
Why choose the Discover Bank Cashback Debit Account?
There are many reasons to choose the Discover Bank Cashback Debit Account. Here are just a few:
- Earn 1% cash back on up to $3,000 in purchases each month. That’s up to $360 per year in cash back!
- No monthly maintenance fees. Keep your hard-earned money in your own pocket.
- No minimum balance requirement. You don’t have to keep a certain amount of money in your account to avoid fees.
- Free ATM access at over 60,000 ATMs nationwide. You won’t be charged a fee to use your debit card at most ATMs.
- Mobile check deposit. Deposit checks from your phone using the Discover Bank app.
- Fraud protection. Discover Bank offers a variety of fraud protection features to help keep your account safe.
How to earn cash back
To earn cash back with the Discover Bank Cashback Debit Account, simply use your debit card to make purchases. You’ll earn 1% cash back on all of your qualifying purchases. Qualifying purchases include:
- Everyday purchases: groceries, gas, clothing, etc.
- Travel: flights, hotels, rental cars, etc.
- Entertainment: movies, concerts, sporting events, etc.
How to redeem your cash back
You can redeem your cash back in a variety of ways:
- Direct deposit to your checking account. This is the easiest way to redeem your cash back.
- Statement credit. Have your cash back applied as a credit to your account balance.
- Discover Gift Card. Receive a Discover Gift Card that you can use to make purchases anywhere Discover is accepted.
Who should get the Discover Bank Cashback Debit Account?
The Discover Bank Cashback Debit Account is a great option for anyone who wants to earn cash back on their everyday spending. It is especially a good choice for people who:
- Spend a lot of money on debit cards. If you use your debit card for most of your purchases, you can earn a significant amount of cash back with this account.
- Want a no-frills checking account. This account is a great option for people who are looking for a simple checking account with no hidden fees.
- Are looking for a rewards checking account with no monthly maintenance fees. There are a few other rewards checking accounts on the market that offer 1% cash back, but most of them have monthly maintenance fees.
Overall, the Discover Bank Cashback Debit Account is a great option for anyone who wants to earn cash back on their everyday spending. With its competitive cash back rate, no fees, and variety of features, this account is sure to please.
Additional benefits of the Discover Bank Cashback Debit Account
In addition to the benefits mentioned above, the Discover Bank Cashback Debit Account also offers a number of other benefits, including:
- 24/7 customer support. You can reach customer service by phone, online chat, or email.
- Online banking and mobile app. Manage your account online or from your mobile device.
- Bill pay. Pay your bills online or by phone.
- Zelle®. Send and receive money with friends and family.
How to open a Discover Bank Cashback Debit Account
Opening a Discover Bank Cashback Debit Account is easy. You can apply online or in person at a Discover branch.
To apply online, you will need to:
- Provide your personal information. This includes your name, address, Social Security number, and date of birth.
- Verify your identity. You will need to provide a copy of your driver’s license or other government-issued ID.
- Link your checking account. You will need to link your checking account so that Discover can deposit your cash back rewards.
Once you have completed the application, you will be able to start using your account immediately.