Debit Card Reward Programs?

[Anonymous]

I'm seeking options for debit card reward programs. I'm especially interested to know if you are aware of any travel points related debit cards! I'm interested in knowing about other debit card reward programs that might be of interest too. Thanks in advance.

[Anonymous]

I have rewards through my Capital One checking debit card; just cashed in for some gift cards. It does offer option to redeem for travel but I don't earn enough points to reach that redemption level.

It's good for a small treat but I really get more out of my CC rewards; free flights through my Barclay USAirways and points through my Citi Thank You card; i use the Thank You card points for my Amazon shopping.

[Anonymous]

Anonymous wrote:I have rewards through my Capital One checking debit card; just cashed in for some gift cards. It does offer option to redeem for travel but I don't earn enough points to reach that redemption level.

It's good for a small treat but I really get more out of my CC rewards; free flights through my Barclay USAirways and points through my Citi Thank You card; i use the Thank You card points for my Amazon shopping.

Thanks. I will check these out. I have seen that on Capital One's site. What interest rates are you paying for your credit cards? I know it's based on credit scores, but am curious.

Please tell me about the Thank you points from Amazon. Unaware of those and I have Amazon Prime.

Thanks again.

[Anonymous]

Just a word of warning, be cautious about using debit cards as opposed to credit cards. While the credit card industry was revisited by the Credit Card Act of 2009, which gave significantly more consumer protections to credit card holders/users, those protections are not extended to debit cards. Debit card fraud, loss and theft are largely the consumers responsibility and you can be held responsible for a large amount of debt from using a debit card. You are protected for loss, theft or fraud of your credit card; you are responsible for no more than $50. However, with debit cards, you are responsible for up to $50 if reported within 48 hours, up to $500 from 48 hours to 60 days and unlimited if you don't report the loss/theft to the bank within 60 days.

So, for example, if you were one of the victims of the Target electronic information breach and someone has your debit card info and uses it sparingly but you don't alert them within 60 days, then suddenly they charge the $10K on your card. You are stuck paying the whole loss. With a credit card, that loss is insured and the owner pays no more than $50.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I have rewards through my Capital One checking debit card; just cashed in for some gift cards. It does offer option to redeem for travel but I don't earn enough points to reach that redemption level.

It's good for a small treat but I really get more out of my CC rewards; free flights through my Barclay USAirways and points through my Citi Thank You card; i use the Thank You card points for my Amazon shopping.

Thanks. I will check these out. I have seen that on Capital One's site. What interest rates are you paying for your credit cards? I know it's based on credit scores, but am curious.

Please tell me about the Thank you points from Amazon. Unaware of those and I have Amazon Prime.

Thanks again.

Not the PP but I have the City Thank you Card. It's not as good as it used to be in terms of points earned but I do like how easy it is to redeem points. The only caution about using the points for Amazon is that the points don't go as far as other rewards do - so for example, 2500 points will get you a 25 dollar gift card to Home Goods/TJ Maxx but it will only get you 20 dollars (just guessing) to Amazon. However, Amazon knows that you have this card and you can just use the points when you check out with Amazon, it's very easy and tempting to do.

I heard great things about the Capital One card and a bonus is that there are no foreign transaction fees if you use it abroad. I hear they have a good reward program as well. It's a card that I"m thinking about getting.

[Anonymous]

Our credit union has a rewards system with the debit card--you can exchange points for gift cards, hotels, etc. We use our USAA account more now so I haven't looked at it for a while.

[Anonymous]

Anonymous wrote:Just a word of warning, be cautious about using debit cards as opposed to credit cards. While the credit card industry was revisited by the Credit Card Act of 2009, which gave significantly more consumer protections to credit card holders/users, those protections are not extended to debit cards. Debit card fraud, loss and theft are largely the consumers responsibility and you can be held responsible for a large amount of debt from using a debit card. You are protected for loss, theft or fraud of your credit card; you are responsible for no more than $50. However, with debit cards, you are responsible for up to $50 if reported within 48 hours, up to $500 from 48 hours to 60 days and unlimited if you don't report the loss/theft to the bank within 60 days.

So, for example, if you were one of the victims of the Target electronic information breach and someone has your debit card info and uses it sparingly but you don't alert them within 60 days, then suddenly they charge the $10K on your card. You are stuck paying the whole loss. With a credit card, that loss is insured and the owner pays no more than $50.

+1
Cc offer the best protection and have the most rewards.

Plus, on the news people are kidnapped and taken to atms to get $. W cc, they just steal the wallet or info. I never use my debit card. Dont carry it w me and have no idea what my pin #s are. Do not know why some people are in love w debit cards.