I was delighted to learn that my bank now offers points based on debit card use. I have two bank accounts, which means two debit cards. I've already earned a few thousand points with those cards without even trying. See, I was automatically signed up for this when they began offering the points awhile back. And that's OK with me!
The point redemption tiers are as follows:
- 2,000 points = $10
- 5,000 points = $25
- 10,000 points = $60
- 20,000 points = $125
To get the points, I have to choose "credit" instead of "debit" when making purchases in order to earn the most points. But, I can still earn some points for using it as "debit". The money all comes from the same accounts, so it makes little difference which I choose.
To receive the cash bonus from the points, I'll need to fill out a form at the bank. I think I'll let them accumulate for awhile longer before I redeem them, though. I'd like to get a large lump sum sometime after the first of the year.
