There’s a debit card that I’ve been using for the past 4 years and it beats out some of the cash back credit cards. It’s the Cash app debit card. I haven’t heard people talk about it in the card community and it could save people a bit of money - 10% cash back. I posted about it on my Instagram HerMillennialMoney if you want to learn my tips and tricks with the care.

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Eh. I looked at it a while back and wasn’t enticed.

Drawbacks:
- 10% is only on 1 category/vendor at a time
- $1,000/mo max spending
- Not FDIC insured
- Fraud protection way less robust than credit card

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You can switch the boosts as many times as you want and they switch each Friday. I use it to stock up on gift cards to Walmart. I usually get 10% to 20% cash back at Walmart and then I can use the gift cards for groceries and gas.

The $1,000 limit is for an ATM withdrawal. This shouldn’t be used as your primary bank as you have to link your primary bank’s account and debit card. It’s also not meant to be used as an everything card, because you only get a benefit for shopping at retailers with boosts. I recommend this in conjunction with a card like the Citi double cash back card or a travel card for all those other purchases.

Just like Venmo, I don’t keep a balance in there. I transfer money when I need to and withdraw to my regular checking out when I’m done.

I trust Square just like I trust Venmo’s security, so I personally don’t have an issue and haven’t had any issues.

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