Why Cash Back is the Smart Financial Move

couple buying things at a store

Summary

  • Cash back debit cards earn you a percentage of your money back on every purchase.

  • You can save your cash back earnings and use them towards other ventures.

  • Other benefits of Cash Back Checking include getting paid early, no monthly fees, and easy access to Zelle®.

Here’s the Deal

Ever feel like your money could be working harder for you? It can. With First Services’ new Daily Cash Back Checking1 account, every purchase you make earns you cash back, turning your everyday spending into a powerful savings tool. Find out why cash back checking should be in your financial playbook and how you can make the most out of it.

The Basics of Cash Back

Cash back means getting a small percentage of the money you spend back into your account. It’s basically a tiny reward for every purchase you make. Whether you’re buying groceries, filling up your gas tank, or shopping online, you’re earning money just by spending money.

Redefining How You Spend and Save

Why is cash back such a big deal? Here’s the lowdown:

  • Extra Income Without Extra Effort

Who doesn’t love the idea of earning a little extra without having to do anything extra? With cash back, you’re essentially getting paid to shop. It’s effortless income that accumulates over time.

  • Build Savings 

Those small amounts of cash back might seem small, but they add up quickly. Over a month, or a year, you could see a boost in your savings, all from your regular spending.

  • Encourages Smart Spending Habits

Knowing you’re getting a reward for every purchase can make you more mindful of your spending. It turns budgeting into a more rewarding experience but it should also encourage you to think about your purchases.


happy couple looking at their savings account

Real-Life Benefits of Cash Back

Let’s talk about how cash back can benefit you in real life. Here are some scenarios where you’ll see the value.

  • Daily Coffee Runs

If you’re like most humans who needs caffeine before work, you grab a coffee every morning for $3. With cash back, a portion of that $3 is returned to you. It might not seem like much at first, but over a month, those small amounts add up to noticeable savings.

  • Grocery Shopping

Your weekly grocery bill could be another great way to earn cash back. Spend $100 on groceries, and a percentage of that goes right back into your account. 

  • Online Shopping

Love shopping online? With Daily Cash Back Checking, every online purchase earns you cash back. Whether you’re buying clothes, gadgets, or gifts, you’re getting rewarded for it.

How to Maximize Your Earnings with Cash Back

Use your cash back card for all your regular expenses like groceries, gas, bills, and dining out. The more you use it, the more cash back you earn. Keep an eye on your cash back rewards to see how much you’re earning. It’s motivating to watch those rewards grow and can help you plan your spending better.

happy barista at cafe

Ready to Earn Cash Back from Your Spending?

Explore Daily Cash Back
[1]
You may earn Daily Cash Back Account rewards of 0.15% on qualifying purchases using your Daily Cash Back Account debit card. The cash reward earned is calculated and posted to the account of your choice daily. Qualifying debit card purchases include point-of-sale purchases and online purchases made with any debit card linked to your account. Debit card transactions that are not eligible for Daily Cash Back Account rewards include: transactions conducted at an ATM, peer-to-peer (P2P) payments, any cash portion of a point-of-sale purchase, loan payments or account funding made with a debit card. Courtesy Pay funds are not eligible to earn rewards. There is no maximum cash back reward amount. Refunds processed will result in a reduction of the daily cash back amount equal to the daily cash back earned for that specific transaction. If the account is closed for any reason, any cash back earned on the day of account closure will be forfeited. Program may be subject to change.