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Sometimes Credit Card rewards don’t make sense. Yes, I said it. Me the credit card guy who eats, sleeps, and dreams about points & miles. I’m a sucker for earning the most back on my purchases and the Oxygen Bank Cashback Program is actually pretty great. Learn more about what I love about this program below!
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Oxygen is a fee-free debit account that offers a variety of options for earning cashback on everyday purchases.
Earn $200 cash back once you spend $500 on purchases within the first 3 months from account opening. This card also comes with no annual fee which is always a win in our book. We even like the extra 5% cash back on up to $1,500 each quarter you activate in combined purchases on rotating categories.
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Earning Cashback on Oxygen
At the time of writing this review, there are 11 different options for earning cashback with Oxygen bank. To earn cashback; simply login to the Oxygen mobile app and activate the offer prior to making the purchase. After $10 in cashback has been earned, it can be added directly to the debit balance for future purchases.
Don't quite need Airline or Hotel credit cards just yet? If you are looking for a Cash Back Credit Card, 0% intro APR or a Balance Transfer Card, we've got you covered with our Top Credit Card Offers.
Example of Oxygen Cashback Offers
- Gaming (5% up to $5.00 per purchase)
- Trader Joe’s (5% up to $5.00 per purchase)
- USPS, FedEx, UPS (5% up to $5.00 per purchase)
- Whole Foods (5% up to $5.00 per purchase)
- Fast Food and Coffee ($1 off of a $3.00 Purchase)
- Gas (5% up to $5.00 per purchase)
- Meal Delivery (5% up to $5.00 per purchase)
- Pharmacies (5% up to $5.00 per purchase)
- Rideshare and Transportation (5% up to $5.00 per purchase)
- The Container Store (5% up to $5.00 per purchase)
- Walmart (5% up to $5.00 per purchase)
Basic Travel Tip – When transferring Money into the Oxygen account; PayPal and Venmo are much quicker than a traditional bank account.
Frequency of Use
Each Oxygen Bank offer varies on how frequently it can be redeemed. For example, the Walmart Oxygen offer originally could be redeemed once every 24 hours. However, recently the offer was changed to once every five days. You can see the terms of each offer by activating it within the Oxygen Bank mobile app.
Basic Travel Tip – Only one Oxygen cashback offer can be activated at once. Remember to activate the offer prior to making a purchase in order to receive the cashback.
Oxygen Bank Signup Bonus
As of writing this, Oxygen Bank is offering a $25 bonus for new users. To earn the $25, the new user must open a new Oxygen Bank Debit account through a referral link, transfer $200 into the account and make five purchases using the debit card.
Unique Feature of Oxygen Bank
A unique feature of the Oxygen Bank mobile app is having the option to generate disposable virtual debit cards. The virtual card numbers will change after each purchase. This is great for online purchases if you are worried about account information being compromised.
Random Spending Offers
I’ve been targeted for a few random spending offers via my email to earn some Oxygen swag. The first offer was to spend $1,000 to earn a free Oxygen T-Shirt. The second offer was for an Oxygen branded Yetti after spending $3,000. What’s strange about these offers is that there is no tracking option in the app or notification that you earned the swag. For me, I was pleasantly surprised to receive two packages from Oxygen on a random winter day. I’ve got to say that I am very impressed with the quality of the Yetti!
This is another great tool for your basic travel cashback toolkit! The Oxygen Bank debit card has some unique aspects to the program like disposable cards and solid cashback percentages at select merchants. I’ll be adding Oxygen Bank to our master list of Top Bank Accounts and Unique Options to Earn Cashback Webpage.
Let us know!
Are you going to open an Oxygen Bank Cashback Account? If you’ve already opened one what’s your favorite aspect? I’d love to hear from you down in the comments or over in the 4,700+ Member Basic Travel Facebook Group!
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Basic Travel Couple, LLC has partnered with CardRatings and MileValue.com for our coverage of credit card products and may receive a commission from card issuers. Editorial Disclaimer: Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.
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