Enjoying your 1-2% Cash Back Card? Here's How I Get 10%...
Post date: Jul 28, 2020 4:39:30 AM
I thought I was smart using my credit cards to earn cashback and travel points. Why not take advantage of the bank's generosity and use those account credits, free flights, and other travel perks? Turns out, I was falling right into their trap. Thinking of the rewards inspired me to spend over my budget, and soon I found myself with a balance and monthly minimum payments. Even when I did pay the cards off, was 1.5% on my Quicksilver really worth all this hassle?
When I got out of debt, I decided to use only my debit card for spending and destroyed my credit cards. While liberating, I began to feel like I was not getting my best value without those rewards. On the bright side, I was spending less, not wanting to deduct too many individual purchases from my ledger.
It was the Joe Rogan Podcast that first referred me to Cash App. I listened to the promo a few times before I finally got it. It's a debit card, not a credit card; you can use it as a bank account, even sending your direct deposit money; you can send and receive money like Venmo; and it's the only card that comes with BOOSTS! Boost save you money at popular retailers. More on that in a bit.
I was skeptical at first but finally joined. It's funny because I didn't use it in time to get the sign-up bonus. That's how unsure I was. But now I use it all the time and save 10% nearly every time. In fact, before I spend money, I check my Cash App for boosts. If there's no active boost, I'll reluctantly shop or wait for a better deal.
Boosts are subject to change, but currently feature 15% off DoorDash, and 10% off Playstation/Xbox, Subway, Jack in the Box, Chick-fil-A, Taco Bell, and any grocery store. See the photo above for my boosts in the last few weeks.
People who use credit cards often cite security concerns as a reason. If someone steals your credit or debit card, you are not liable for the charges; however, when your debit card is used, the money comes right out of your bank account. With a credit card, you usually have 30 days for the bill to come due, and by then the charges are rectified. If someone skims or steals my Cash Card, there is no money on it to take. Any charge will be rejected, and I will get an immediate notification in the app. The Cash Card solves the security concern and keeps you out of debt.
How does it work? You sign up using my link, connect your bank account, look for boosts, and shop. At checkout, add the necessary funds to your card in the app, then swipe. The full amount gets charged, but the boost gets applied back to your account to be used later or transferred back to your bank.
Currently, using my link will net us each $5 to our accounts, so this is another referral win/win. Let me know if you have any questions.