dcsimg

Debit Card Rewards: Not Dead Yet

Written by admin - Leave a Comment

Debit card reward points may be harder to come by than their credit card counterparts, but they’re not dead yet according to MainStreet.com. This is because they are popular with consumers and banks want to retain their customers. “The point of rewards is to drive spending. If you cut the rewards, you cut the incentive to spend and banks won’t want to do that” says Curtis Arnold, founder of CardRatings.com.

However, banks are upping the dollar amount at which points are earned where for example, it may take $6 to earn a point that used to be earned at $4. It is believed though that most banks will at least wait until the Fed issues its final regulations before implementing changes that could affect debit card rewards. As of now, banks such as TD Bank and Beneficial Bank said they have no plans to remove their debit card programs in the near future.

Share and Enjoy:
  • del.icio.us
  • Digg
  • Facebook
  • LinkedIn
  • Twitter
  • Yahoo! Buzz

Comments (scroll down to add your own):

None so far - share your thoughts and be the first!

Leave a comment

Subscribe without commenting

Get free updates...

Articles via e-mail:

Search this site...

Sponsors...


Credit card resources...


Recent articles...

Recent comments...

  • Carol J. Henry: Meade & Assoc.has already been paid off for ER Physicians...
  • Leigh: Title says 35 secrets, but there is only 10…?
  • George: Personally, I think that credit cards should be paid off first since...
  • John: Hi , could someone tell me how much my credit card is worth ,, I have a...
  • mark Kesler: Where is the link to sign up online? I can’t find an...
  • teresa swett: my business was needing IRS 1040 – Schedule E earlier...
  • Marie: Hello, I have vintage credit cards I would say from the 1960’s...
  • 118 118 Money: Get more information about how 118 118 money loans work : Who...

Most talked about...

Disclaimer...

    The terms of third-party offers referenced on this website are subject to change without notice. While we strive to maintain timely and accurate information, offer details may be out of date. Visitors should thus verify the terms of any such offers prior to participating in them. Please see our terms of service for additional details.