You also have the option to invest your rewards automatically if you’re a college student interested in building up your investment portfolio. The Stash debit card lets you earn cash back on every purchase you make, ranging from 0.125% to 5% back, depending on where you shop. ![]() Rewards: Earn 0.125% stock on all of your everyday purchases, and up to 5% at certain merchants with bonuses.įee: $1, $3 or $9 per month depending on your subscriptionĬhecking account: Stash banking account and brokerage accountĪTMs: 19,000 fee-free ATMs in US network otherwise a $2.50 charge If you’re not a frequent Target shopper, you should review the other picks on our list. Payments may take two to three business days to reflect in your checking account though, so if you’re not on top of your spending, it’s easy to accidentally overdraw with this card.īecause you’ll only earn rewards on Target purchases, and can’t use this card outside the US or at nonparticipating retailers, it’s not exactly a good substitute for all of your debit card needs. Other perks include free shipping on most purchases and an extra 30 days to make returns. The Target RedCard debit card earns the same rewards as the Target RedCard credit card - you’ll save 5% at checkout on all Target purchases, online or in store. With supplies such as notebooks and project materials, clothing, snacks and dorm furnishings, Target sells a wide range of the biggest needs for college students. ![]() If you don’t mind switching banks, this checking account is free, has no overdraft fees and has access to over 60,000 fee-free ATMs.ĪTMs: Not applicable Cash withdrawal up to $40 at Target checkout One drawback is that you’ll need a Discover checking account to use this card - it doesn’t connect to any check account like other debit cards picks on this list. Though there’s a monthly cap on the rewards you can earn, it’s much higher than some competitors - plus, you won’t be limited to getting rewards on only certain purchases as with other cards. While there are other debit cards for college students that offer 1% cash back, many come with a monthly fee or require you to maintain a sizable minimum checking account balance. The Discover® (Member FDIC) CashBack Debit Card earns you 1% on all qualifying purchases for up to $3,000 in spending per month. Rewards: 1% in cash back on up to $3,000 in purchases per month (see website for details). Though this list is tailored toward cards that maximize rewards on your college expenditures, you don’t have to be a student to take advantage of these debit cards. Keep in mind that not all of these cards allow you to withdraw cash, so you may need to hang on to your bank-issued debit card for cash access. Some debit cards have monthly or annual fees, but most of our picks for college debit cards do not. But you still have to be careful not to go below your bank’s minimum balance requirements in order to avoid overdraft fees. ![]() Still, there are a handful of third-party and bank-issued debit cards that let college students earn some rewards and even build credit risk free.Īn advantage to debit cards over credit cards is that you can’t accumulate debt, and you don’t have to worry about making on-time payments. ![]() Most banks will issue you an ATM or debit card when you open a checking account (and sometimes even a savings account) so that you can withdraw cash, but you won’t be able to access a line of credit.ĭebit cards give you low-risk access to your money, with your purchases drafted right from your linked bank account, but they generally won’t offer rewards or incentives like a student credit card will. Unlike credit cards, debit cards typically link to a checking account and won’t charge interest or require a credit check.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |