Jul 7, 2020
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When it comes to credit cards, cash-back is king. You earn money just for doing stuff you normally do, like getting groceries, buying gas, and shopping online.
However, qualifying for one of these cards isn’t easy. Most credit card companies expect you to have a ridiculously high credit score if you want to get decent cash back, and a lot of people don’t make the cut.
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But there’s a little-known way to earn money on all your purchases, even if you don’t have a perfect credit history: get a cash-back debit card with Aspiration’s Spend & Save account.
Earn cash back for using your debit card
With a Spend & Save account from Aspiration, you’ll get paid up to 10% cash back whenever you shop at stores like Walmart, Target and CVS.
There are no hidden charges or monthly maintenance fees, and you get to decide how much to pay Aspiration for their services, even if it’s $0.
You can also say goodbye to annoying ATM charges — your Spend & Save debit card comes with unlimited free withdrawals at more than 55,000 Allpoint ATMs. That’s more than Bank of America, Wells Fargo and Chase combined.
And if you’d like to stash away some of the money you’re saving, your Aspiration account will earn you up to 1.00% APY on anything you set aside for the future — 25 times more interest than you’d get with a checking account, and almost 17 times more than a traditional savings account, according to the FDIC.
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Make $100 just for signing up
In less than five minutes you can set up an Aspiration account and be on your way to a $100 signup bonus.
Just enter your email address and Social Security number to verify your identity (standard practice when opening a new account), then connect your bank using Plaid. It’s the same system Venmo uses, and is completely secure.
To collect the $100 bonus, use this special link to sign up.
All you have to do is spend $1,000 within the first 60 days — which your groceries alone should cover — and Aspiration will automatically add $100 to your account using Paypal or direct deposit.
It’s free money, just for doing your usual shopping.
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Shane is a reporter for Moneywise. He holds a bachelor’s degree in English Language & Literature from Western University and is a graduate of the Algonquin College Scriptwriting program.
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