Better Than a Credit Card: 10-15% Cash Back with Cash App Boosts!

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A few years ago, Cash app released their cash app card, a debit card which you load up with your cash app balance, kind of like a prepaid card.

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About the Cash App Card (0:00)
App Demo & Boosts (3:00)
Benefits of Cash App Card (5:15)

I’ve always been a fan of using credit cards for daily spend (such as grocery store, restaurant and miscellaneous purchases), however, in this video, I am going to show you why the cash app card is a much better alternative to a credit card for that kind of spending.

Why its better - breakdown of cash app boosts
10% off walmart, grocery stores
15% walgreens
10% door dash, lyft
15% chick fil a, dominoes, taco bell, mcdonalds
10% chipotle
10% playstation network and Xbox
15% off any one restaurant!
10% off home depot

So these are called boosts, and you just load them on your card one at a time. When you use a boost and purchase something at the retailer, the cash back is immediately applied. And the great thing is that these boosts tend to either reappear immediately once you use them or within a week of using them.

I’ve been using the cash app card with boosts for the past 4 days, So far I’ve made $116.36 of purchases, sprouts doordash and home depot. Over that 4 day period, I saved $11.63, making my actual expenditure $104.73! so , yea I basically saved 10% on all my purchases over the last 4 days. And I didn’t have to wait for the statement to close to see the cash back since its instantly applied to the purchase!

Cash App card is on the visa network, accepted nearly everywhere. Can’t say this about discover credit cards or Amex cards! For example, American express usually has some of the best credit card rewards, however, a typical merchant is 40% more likely to accept a VISA card. So what's the point of having an expensive AMEX card with an annual fee if you can only use 70% of the time?

Next, rewards vs a big bank debit card. There's really no competition. Big bank debit cards, (think Wells fargo, chase) have not and probably will never offer any kind of cash back or rewards for using their debit cards. Case closed!

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Next, let's talk about the cash app card rewards vs one of the best daily spend/carry cards, Citi double cash. Citi double cash has a flat 2% cash back rate, 1% for when you make a purchase, and 1% for when you pay it off.

We are getting 10%+ on most common purchases made with Cash app card with boosts enabled. With the citi double cash, you’re looking at 2% flat rate cash back, thats it!

Next, rewards vs the best cash back and rewards credit cards from amex (for daily spend). If you use the amex platinum card for daily spend on things like groceries, restaurants, things you usually purchase on a daily basis, you’re only getting a 1% cash back rate. Terrible!

However, for travel programs and travel rewards, stick with your chase and amex cards to maximize rewards. These cards will always win out on travel and rewards travel.

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-Disclaimer: There may be affiliate links in the description above, which means I may receive a small commission which really helps the channel!

-Disclaimer: I am not a financial, investing, tax or legal advisor. The information presented is for entertainment and should not be taken as financial, investment, tax or legal advice. I invest based on my own research and principles. I am not responsible for any financial losses that may result from following my actions. Do your research and develop your own investing philosophy!

#cashback #cashappboost #cashcard

Видео Better Than a Credit Card: 10-15% Cash Back with Cash App Boosts! канала Ian Seabrook