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Surprise there is another debit card out on the streets that are offering a new way to earn cashback! The Point debit card is similar to Cash App and Oxygen in that you can earn an elevated amount of money back at a variety of merchants. What’s really interesting about Point debit card is the promotions that keep coming up ~ including a lucrative welcome & referral opportunity. Learn more below in this basic breakdown!
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What is the Point Debit Card
It’s a new Debit Card account that offers a variety of elevated opportunities to earn cash back. Many popular merchants are included like 3x at Amazon and 5x at Best Buy at the time of writing this post. Each point earned is worth 1 cent and can be redeemed for cash back. Essentially, the 3x and 5x examples above are 3% and 5% off purchases!
Welcome and Referral Promotions
The current promotion requires new users to open an account via a referral link and spend $200 before 12/5 in order to earn 10,000 Points ($100) for your free year. For folks who refer five friends or family members, they will earn a new Rimowa Bag.
Yes, there is an Annual Fee
There is a $99 Annual Fee that is not waived. However, if you open via a referral link and spend $200 before 12/5/2021, you’ll receive 10,000 Points (Worth $100).
Other Point Earning Opportunities
Steaks (Make five Purchases Five Days in a Row)
There are constant promotions being run through Point Debit Card which are super easy! For example, recently they offered $30 for making a purchase five days in a row which would almost cancel out the annual fee. Bananas anyone?
Points Debit offers some competitive earning rates for a variety of stores like Amazon and Target. There has been a handful of promotional 10X (10%) Point offers this year which I’ve taken full advantage of. Even the standard 5X is a fantastic return.
Click here to Open a Point Debit Account (Mobile Works Better than Desktop to ensure you earn the 10,000 Points)
How much have I earned from my Point Debit Card this year?
- 10,000 Points for Opening the Account ($100)
- 10,000 Points for Referring Lisa ($100)
- 3,500 Points – July Streak Reward ($35)
- 5,000 Points – Amazon 10X Promotion ($50)
- 3,000 Points – August Streak Reward ($30)
- 3,000 Points – September Streak Rewards ($30)
- 4,050 Points – Target 10X Promotion ($40.50)
- 3,000 Points – September/October Streak Reward ($30)
As of writing this, I’ve earned $415.50 from these promotions since signing up in July. Even with the annual fee this card has been very lucrative for me. Especially given that this is times two since Lisa also has maximized all of the promotions above!
Another option to earn cashback added to my basic toolbox. At this point, this card will most likely be a one-year and done due to the annual fee but certainly will prove to be net positive in those first 12 months. Who knows, maybe I’ll get a retention offer next year to keep a member for year two!
Let us know!
Have you opened a Point Debit Account?!
I’d love to hear down in the comments below or over in our 6,300+ Member Basic Travel Facebook Group!
More Basic Reading
- 10 Reasons Why I LOVE the Chase Ink Business Preferred Card
- Basic Guide to Small Business Credit Cards
- Step-by-Step Guide to Completing a Small Business Credit Card Application
- 16 Side Hustles that can Qualify for a Small Business Credit Card
- Top Business Credit Cards of The Month
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