Originally Posted by
particlemn
Banks are allowed to issue rewards for debit, however banks issue rewards to try to influence your behavior to their more profitable products, since debit cards fees have been reduced for the banks they are not as profitable and so banks do not want to incentivise their use, since so many people make mistakes using credit cards they are very profitable to the banks, the banks in turn want to promote people using them so they offer rewards.
i would be real careful signing up for a devit card that offers rewards and see if the cost is worth the rewards. so at .5 miles per dollar and spending 1500 per month on debit gives you 750 per month or 9000 per year for a 50 dollar fee you have to ask if its worth it?
Yeah, when I looked at the Delta debit card that was suggested, the .5 miles per dollar along with an annual fee didn't seem like it was worth it to me. If anyone knows of any debit cards that earns airline miles that DON'T have an annual fee or of any checking account that I can earn miles, I would appreciate it.