We've all seen the flashy ads promising instant riches deposited straight to your debit card. But let's be honest, those are most likely too good to be true.
However, there are some legitimate ways to get some bonus cash on your debit card, and while it might not be instant riches, it can add up over time.
This guide compiles a breakdown of ways you can potentially see some bonus money appear on your debit card, but with a dose of reality about the effort involved.
Are There Debit Cards With Free Money On Them?
A debit card with "free money" isn't quite accurate. Debit cards themselves don't hold or generate money. They function by accessing funds already in your checking account.
How To Get Free Money On My Debit Card Now
Getting a debit card with free money on it close to impossible, as earlier mentioned. However, here are some ways to get free money on a debit card:
1. Debit Cards with Cash Back Programs
Many banks and financial institutions offer debit cards that reward you with a percentage of your spending back in cash. This cashback can accumulate over time and be deposited directly to your debit card. However, the rewards rate is usually minimal (think 1-2%), so it's a slow and steady earner, not a quick fix.
2. Cash Back Apps
Apps like Rakuten or Ibotta allow you to earn cashback on purchases at specific stores or on certain categories of items. You then link your debit card to the app, and the cashback gets deposited into your account after a purchase (with some restrictions). While not immediate, it can add up with strategic use.
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3. New Bank Account Promotions
Some banks offer sign-up bonuses for opening a new checking or savings account. These bonuses can range from $25 to $hundreds but typically require meeting specific criteria, like maintaining a minimum balance or making a certain number of transactions within a set timeframe.
4. Referral Bonuses
Certain financial apps or services might offer referral bonuses when you sign up using a friend's code. While not a massive sum, it can be a small, quick deposit to your debit card. However, this relies on convincing someone to sign up as well.
5. Subscription Services
Some subscription services offer a free trial period. You can potentially use these trials to access premium content or features for a limited time without spending anything. However, be mindful of cancelling the subscription before the trial ends to avoid getting charged.
Maximizing Existing Rewards
Important Note:
While these methods can generate some "free money" on your debit card, it's not a get-rich-quick scheme. It requires effort (like strategically using cashback apps or managing subscriptions) or patience (waiting for cashback to accumulate).
Conclusion
There's no magic trick to instantly filling your debit card with free money. However, by being a smart consumer and utilizing available programs, you can see some bonus cash accumulate over time. Remember, responsible financial management and building good habits are more sustainable than chasing unrealistic promises of instant wealth.
