Cashback debit cards enable consumers to earn rewards on everyday spending. Grit Financial provides a unique VISA Debit Card that earns 0.5% cashback on all purchases without a PIN and 3% APY interest.
We provide cashback debit cards with your Grit Account. Grit is like an online checking account. The amount of money available in your checking account is what you can spend. There are no high-interest rates like credit cards or monthly fees like traditional bank accounts.
With some rewards cards, the cashback earned is accrued in a rewards account. But when you make purchases with a Grit Debit Card, your cashback is deposited directly into your Grit account daily, making it convenient and hassle-free.
Benefits of Grit Visa Debit Card
No Cost: We don’t charge monthly or annual fees. The only charges are incurred if a member loses their card or withdraws cash from an out-of-network ATM (see terms for more details).
Limit Debt: You earn 0.5% cashback on all your everyday purchases without the PIN, which is added to your account. This is a better alternative to using a credit card, which accumulates high-interest debt.
Other Features: Besides the benefits outlined above, a Grit account pays you 3% interest on your account balance, which means we pay you for your deposited funds. The card also offers fee-free ATM withdrawals within the AllPoint network, such as Walgreens, CVS, Target, RiteAid and more retail locations.
Comparing Grit Visa Debit Card with Rewards Credit Cards
Our card is the only one of its kind to provide cashback rewards on all your daily expenses and more, with a stack of other financial benefits:
Grit does not check your credit score. You can open a Grit Account with a low credit score. A credit card company, however, does a credit check to determine your eligibility. Frequent credit checks will further decrease your credit score.
Grit does not charge you interest. Instead, we pay you a 3% APY interest on your account balance up to $10,000. Credit card firms, on the other hand, set a high interest on debt repayment.
Utilizing a Grit Card has no impact on your credit score. However, failing to repay your credit card debt will have a detrimental effect on your credit score, potentially leading to more significant financial challenges.
Grit promotes financial inclusion by not charging monthly or annual maintenance fees. Rewards credit cards usually charge an annual membership fee and are targeted towards those who can afford the fees.
A Grit Visa Debit Card combines the best of most rewards credit cards and offers a better package without the risk of hidden fees and high-interest debt.
With benefits like 0.5% cashback, 3% APY interest on your account balance, no hidden fees, no minimum balance requirement, no monthly service fee, no overdraft fee, fee-free ATM withdrawals, credit score monitoring and more, Grit offers you a unique and practical way to get ahead financially. Sign up now.