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best rewards debit cards

Best Rewards Debit Cards and Cash Back Debit Cards

In this article I am going to discuss some of the best reward debit cards and cash back debit cards. I am also going to briefly explain what a rewards debit card is and the benefits of having a rewards debit card (or more than one).

Note: Are you in trouble with your credit cards? Do you overspend and carry a credit card balance? Do you feel trapped or scared sometimes that you have too much debt? You’re not alone. I want to help you get out of credit card debt and borrowing and move to financial stability and financial peace. And not just that—I want to help you move to financial freedom and financial awesome. Read this article for information about how to stop relying on credit card debt.


Tip: Save the image above to be able to easily refer later to this article on some of the best rewards debit cards.


Benefits of Reward Debit Cards

Americans love their credit cards—a little too much. According to a recent report by CNBC, the average American has a credit card balance of $6,375. And that means they’re paying a lot of money in credit card interest for stuff that probably isn’t even around anymore (meals already eaten, clothes already forgotten, and gadgets already outdated). L The credit card debt in America is at a record high, and that is not good news for American families because credit card debt threatens your financial well-being and stability. It weakens your ability to prosper financially and build wealth over time.

I know credit cards may feel like nearly a necessity for many people in our society, but you really don’t need them. You can do virtually everything with a debit card that you can do with a credit card, and when you sign for your purchases, you have all of the same protections offered by a credit card (such as fraud protection)—but you’re not tempted to overspend.

If you have credit card debt (if you don’t pay off your credit card bill every month), you’re really better off without credit cards. If you love the rewards that you get from your credit card, try these reward debit cards, instead! You get the benefits of having a rewards credit card, with cash back, miles earned, or other rewards, but you don’t have the potential trap of overspending your income.

Note: Check out this article for help to stop overspending.


What Is a Rewards Debit Card?

Similar to a rewards credit card, a rewards debit card is a debit card where you earn cash back, miles, or points that are good toward other purchases or gift cards (or other benefits) each time you make a transaction with your debit card. But unlike a credit card, your debit card is connected directly to your checking account (or some are prepaid), so you don’t have the risk of spending more money than you have available. I’m a big fan of debit cards and reward debit cards in particular, and we’ve had the same rewards debit card for close to a decade now (it’s one of the cards described below).

Below I talk about seven of the best rewards debit cards around.

7 of the Best Rewards Debit Cards

If one of the reasons you have a credit card (or you’ve kept your credit card) is because of the rewards programs that some of them offer, then look into getting one of these rewards debit cards, instead! You get the same types of benefits, without the temptation (or the ability!) to overspend! Here are some of the best debit card reward programs currently available:

The PayPal Debit MasterCard (for businesses) is the rewards debit card that I have had and used for years now. It earns you 1 percent cash back on all signature-based purchases (where you don’t use a PIN). Opening an account with PayPal is easy and free, and another advantage that I really like is that you can link your PayPal card to various checking accounts and transfer the money from whichever account you want into your PayPal account to cover your purchases, or they will just pull the money from the default account you designate if you don’t have any money in your PayPal account (I generally don’t’). There are no minimum balances and no fees.

Discover Bank has a checking account that pays 1 percent cash back on debit card purchases. There are no monthly fees or minimum account balance requirements.

American Express Serve cash back debit card offers 1 percent cash back for every $1 you spend with your prepaid debit card. There is no cap on the amount of cash back you can earn.

Green Dot Cash Back Visa Rewards Debit Card pays you 5 percent cash back on all purchases you make with your card, up to $100 a year. Though it caps out after you spend $2,000, it’s still a great incentive program.

The SunTrust Delta SkyMiles World debit card offers 1 mile for every $1 you spend on PIN point-of-sale transactions and 2 miles for every $1 you spend on direct purchases from Delta.

The UFB Airlines Rewards Card offers you 1 mile earned for every $3 spent with point-of-sale debit card transactions. For now they are partnered with American Airlines, but in the future, they may open up opportunities with other airlines as well.

The Key Bank rewards debit card offers one reward point for every $6 you spend on qualifying purchases, and there is no cap on the amount of points you can earn.

If you want a list of even more rewards debit cards that are available, check out the article “15 Best Debit Card Reward Programs,” from GoBankingRates.com.



The 7 cards listed above are some of the best rewards debit cards available today. Though there aren’t nearly as many debit card rewards programs as there used to be, they still exist, and if you love the rewards but have trouble managing your spending with credit cards (that is, you carry a balance on your credit card), then getting a rewards debit card is a great alternative.


Do you have a favorite or best rewards debit card? Which one do you like or recommend? Leave a comment below and let me know! I would love to hear your thoughts!


Invitation to Share

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