Rewards debit cards Australia

What is a rewards debit card?

Examples of debit cards with rewards

Banks are changing their rewards and offers all the time, but here are a few current examples:

• HSBC Everyday Global: Cash bonus when opening an account and 2% cashback on tap&go purchases
• Virgin Money Go Account: Earn Virgin Money Points as you spend with your debit card
• ING Orange Everyday: Earn 1% cashback on your utility bills.
• NAB Classic Banking with Platinum Visa Debit Card: Complimentary travel insurance and cashback on tap and go purchases

What types of rewards can I get with a debit card?

Here are the most common types of rewards you can get:

Points when you spend.

You can earn points when ou spend money. This could be points for a particular frequent flyer program, or the bank's own points program.

Cash bonus.

You can get a onr-off cash bonus straight into your account when you open a new bank account. These range from $20 to more than $100.

Cashback offers.

You can earn cashback when you use your debit card, such as 1% of the transaction amount back into your account.

Fees waived.

Some accounts will waive certain fees if you meet some conditions, such as waiving the account fee if you're a student, or waiving the international transaction fee if you meet a monthly deposit condition.

How do I compare debit cards that offer rewards?

• Fees. Don't get caught up in the rewards alone! Remember to check to see if there's a monthly account keeping fee, and other fees like ATM fees.
• Joint accounts. If you want to open a shared account with someone, not all accounts can be opened as a joint bank account.
• ATM access. Although cash withdrawals are usually not a part of the rewards program, you will still want to be able to easily access funds without having to pay extra fees.
• Daily limits. Look closely to ensure that you are not limited in how much you can purchase daily using your reward debit card.

Frequently Asked Questions

• Do any debit cards give cash back?

  Yes, some debit cards in Australia offer cashback rewards on eligible purchases. Examples include ING's Orange Everyday Account and HSBC's Everyday Global Account.

• What is a cashback debit card?

  A cashback debit card offers you some form of cashback when you spend. If a card has a 2% cashback on eligible transactions, then a $200 purchase would result in $4 cashback. Debit card cashbacks are typically limited to a small percentage of what you spend and only for certain transactions. There's often a cap on how much cashback you can earn in a month or year.

• Can you get cash back on a debit return?

  If you make a purchase with a debit card and then return the item, most stores will either refund the purchase on your debit card or offer store credit. You won't get a cash refund. Any cashback you earned will also be removed from your account, or the balance of the purchase refunded (minus the cashback that was already paid).

• How to get money back from a debit card?

  You can request a chargeback for a purchase made with a credit or debit card in certain circumstances, such as not receiving something you paid for, or being charged incorrectly. You can also try resolving the issue with the merchant first.

Written by

Alison Banney

Editor

Alison Banney is the money editorial manager at Finder. She covers all areas of personal finance, and her areas of expertise are superannuation, banking and saving. She has written about finance for 10 years, having previously worked at Westpac and written for several other major banks and super funds. See full bio

Alison's expertise

Alison has written 634 Finder guides across topics including:

• Superannuation
• Savings accounts, bank accounts and term deposits
• Budgeting and money-saving hacks
• Managing the cost of living