Many people believe that cashback has only positive aspects, but they do not notice that often in order to get it, a purchase is required and there may also be a minimum purchase amount. So, learn the pros and cons before using cashback on a regular basis.
How can I get cashback with a debit card?
You probably know that when you pay for purchases with a debit card at a physical retailer, you often have the opportunity to receive physical cash. This way you can withdraw cash from your checking account during the transaction without any fees.
Note, however, that getting cash with a debit card may cost you money. Some stores set a minimum purchase amount before you can get cash back, so some people buy what they don’t need. What’s more, you can also pay a debit card withdrawal fee in order to cover the expenses of the store.
Where can I get cashback with a debit card?
You may not know this, but a large number of stores and retailers provide cashback when you shop with a debit card. Therefore, it is recommended to study further information in order to avoid extra ATM fees.
- Grocery stores
Note that you can get cash back at the grocery store if you pay with a debit card instead of credit or cash. Many grocery stores allow you to withdraw money from your checking account when you swipe your card and enter your PIN during checkout. Moreover, as many stores do not charge a fee to withdraw money from your checking account, this is one of the best options for both saving and getting cash.
However, remember that most stores have a limit on withdrawal amounts, so in this case an ATM may be a more acceptable option for you if you need, for example, $ 500. If you need less cash, you can visit stores such as Aldi, Hannaford, Publix, Albertsons and others.
- Gas stations
Since gas stations are located almost everywhere, you can easily get cash. The maximum withdrawal amount is usually lower here, and in some places it is only $ 10. If you are looking for a gas station to get cashback then you should consider the following options: 7-Eleven, Chevron, Citgo, Valero, Ampm, BP and many others. However, please note that the rules may differ from store to store, so it is recommended that you call ahead to inquire about limits and fees.
- Department stores
Many people don’t know about this, but in addition to grocery stores and gas stations, you can also get free cashback on your debit card at some department stores. Some people only know this about department stores like Walmart or Target, but there are many more. However, the minimum purchase requirements must be considered (sometimes it is enough to pay with a debit card for a small and cheap item).
What are the places where I can’t get cashback?
If you want to receive cashback much more often, you should also pay attention to places where a debit card cashback is not possible. These often include home furnishings stores, home goods stores, most clothing stores, and so on. In this way, most likely if you want to buy new clothes or household goods, you will have to find another place in order to do it.
Should I get cash back with a debit card
Of course, using a debit card to make purchases is a convenience, and cashback is just an added bonus. Its main advantages are that it is instant, simple, and has little or no fees. However, you also need to pay attention to the disadvantages: in order to get cashback you need to make a purchase, and some stores even have a minimum purchase limit. It’s up to you whether cashback is worth it or not.