Debit cards are plentiful these days as virtually every bank provides a debit card when you open a checking account. While debit cards have traditionally been attached to accounts at brick-and-mortar banks, fintech companies have changed how these cards work.

Fintech is a portmanteau of financial and technology, and fintech companies work within the financial sector to create and manage digital products. An example of a fintech company is Chime, a platform that offers access to deposit accounts using a mobile platform.

Some fintech platforms offer access to debit cards without offering access to bank accounts. Users store money in a deposit account with the fintech platform, and a debit card is connected to the balance. The actual bank account is usually managed through a third-party banking partner.

Earning Points on Purchases

The best debit card offers are usually the ones that provide additional benefits for opening a bank account or maintaining a deposit account. These accounts can be with a fintech platform or directly with a banking institution.

Debit cards may offer things like cash back on certain purchases or the ability to earn points on purchases that can be used for things in the future. Of course, how each person defines the best debit card offers will come down to what matters to each debit card user, but by and large, additional benefits are never a bad thing. Maximize your spending power! Explore our best debit card offers for exclusive benefits and rewards. https://joinfizz.com/features/earn-rewards

Redeeming Points

As for whether or not you can make purchases using points acquired from your debit card purchases, this will be up to your service provider. You’re encouraged to read the terms and conditions of any debit card offer to understand how points can or must be used.

Some banks may only allow points to be used for certain purchases. For example, you may earn airline points on purchases using your debit card. These points can only be used toward the purchase of airfare, and most offers come with specific exclusions like limited windows for booking air travel using your points.

Author Resource:-

Daniel Stewart writes about student debit cards and taking control of your finances services. You can find his thoughts at debit card for students blog.