Using My Debit Card More Will Get Me a Higher Interest Rate on Checking. Should I Go For It?
Tom from Illinois says: "I know how much you hate 'piece of trash' debit cards. However, my credit union offers 1.75% [interest] on my checking account up to $25K as long as I can use my debit card 12 times per month.
“My wife and I both take advantage of this and earn close to $900 a year in interest. I don’t make unnecessary purchases just to get my interest every month. In this low-interest rate environment, it seems like the best place to put some excess cash to work.