The Balanced Spreadsheet-Financial News, Budget Advice, Debt help, Financial Tips, and other advice

August 13, 2009

Debit rewards up, while credit rewards down

Filed under: News Review — Tags: , , , , — thebalancedspreadsheet @ 8:12 pm

I came across this article today titled “Rewards Shift”. It is an interesting article focusing on the increase in debit card reward program usage while also noting the decrease in credit card reward program usage. This is good news to me personally because I am a big proponent of the debit card and do not use credit cards. Currently I have a reward checking account with Charter bank out of New Mexico that pays 4.01% APY provided that I use my debit card 13 times a month. It will be interesting to see in this current economic climate if this will continue. Debit card use is on the rise so it would be nice to see the banks offer some sweet offers to gain your business.

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