2011 Debit Card Rewards Survey
checking
5 options to morphing debit card rewards

Debit Cards » 5 Options To Morphing Debit Card Rewards

Play the waiting game
Next
Slide 3 of 6
Previous
text

Don't make any sudden moves.

Financial institutions recognize your frustration with rising bank fees and shrinking rewards, and they still need your business. As the banking industry settles in to the new norm under recently enacted laws, you may want to hold out for a few months as banks determine how to attract your business.

In some cases, attracting your business may mean passing the buck -- literally.

"We are seeing a shift toward merchant-funded programs," says Greg McBride, CFA, Bankrate's senior financial analyst.

Many of these programs give account holders cash back or points for spending with certain retailers. Outside of new programs, be sure to keep your eyes open for promotional incentives.

Lundquist says the bank sees the ability to continue offering a debit card rewards program as a window of opportunity to attract new customers. In fact, the bank recently launched a marketing initiative offering double cash rewards for debit transactions through the end of 2011.


Next
Slide 3 of 6
Previous

 

 

advertisement

Show Bankrate's community sharing policy
          Connect with us
advertisement
advertisement
advertisement

Blog

Claes Bell

2 reasons Brexit is very bad news for savers

The fallout from Brexit won't stop at the U.K.'s shores. American savers will likely see a return to normal yields further delayed for these 2 big reasons.  ... Read more


Connect with us