Cash App Credit Card: A Comprehensive Guide
Are you considering applying for a Cash App credit card? If so, you’ve come to the right place. In this detailed guide, we’ll explore the ins and outs of the Cash App credit card, covering everything from its benefits to its fees and how to use it effectively. Let’s dive in!
What is the Cash App Credit Card?
The Cash App credit card is a Visa credit card issued by Green Dot Bank, a member of the FDIC. It’s designed to be used with the Cash App, a mobile payment service that allows users to send, receive, and spend money. The card is available to Cash App users who have a verified account and meet certain eligibility requirements.
Benefits of the Cash App Credit Card
Here are some of the key benefits of the Cash App credit card:
- Free Card: There’s no annual fee for the Cash App credit card.
- Free ATM Withdrawals: You can withdraw cash from any ATM without incurring a fee, as long as you use a network ATM.
- 5% Cash Back on Select Categories: You’ll earn 5% cash back on purchases made at select merchants, including Walmart, Target, and more.
- 1% Cash Back on All Other Purchases: For all other purchases, you’ll earn 1% cash back.
- Free Purchase Protection: The Cash App credit card offers free purchase protection, which covers eligible purchases in the event of theft or damage.
- Free Extended Warranty: You’ll receive an extended warranty on eligible purchases, doubling the original manufacturer’s warranty.
How to Apply for the Cash App Credit Card
Applying for the Cash App credit card is a straightforward process:
- Download the Cash App if you haven’t already.
- Sign in to your account.
- Tap the card icon at the bottom of the screen.
- Tap “Get a Cash Card”.
- Follow the prompts to complete the application process.
- Wait for approval. Once approved, your Cash App credit card will be mailed to you.
Using the Cash App Credit Card
Once you receive your Cash App credit card, you can start using it for purchases. Here are some tips for using your card effectively:
- Pay on Time: To avoid late fees and maintain a good credit score, always pay your balance in full by the due date.
- Use the Cash Back Feature: Take advantage of the 5% cash back on select categories and 1% cash back on all other purchases.
- Monitor Your Spending: Keep track of your spending to ensure you don’t exceed your credit limit.
- Report Lost or Stolen Cards: If your card is lost or stolen, report it immediately to prevent unauthorized use.
Fees and Limits
Here’s a breakdown of the fees and limits associated with the Cash App credit card:
| Fee | Amount |
|---|---|
| Annual Fee | None |
| Foreign Transaction Fee | 3% |
| Balance Transfer Fee | $5 or 3% of the amount of each transfer, whichever is greater |
| Cash Advance Fee | $5 or 3% of the amount of each cash advance, whichever is greater |
| Returned Payment Fee | $15 |
| Overlimit Fee | $35 |
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