A lot of credit card companies offer rewards to their customers, helping them save a buck on things like airline tickets by accumulating points. But you don't have to have a credit card to cash in. Banks like Arvest, Chase, Bank of America, First National Bank of Oklahoma and First National Bank- Midwest City offer their debit card customers benefits, giving them something back with practically every purchase.
Bill Croak, Sr. VP of First National Bank - Midwest City, says his customers can use those points to cash in on gift cards and merchandise from places like Best Buy, Chili's, Old Navy and other big name retailers.
Croak says, "There's virtually no cost to the consumer for doing this. It's just a reward our bank gives our customers for doing business with us."
Experts say there are things to watch out for when it comes to debit rewards.
For instance, some banks only count the points if you use the card at certain retailers.
Others charge high fees just to be a part of the program.
Croak says that's not the case for his customers.
He says, "There's no fees, no charge. You can use the points whenever you like."
And customers get the points by shopping anywhere.
Customers seem to like the program, often saving the points for a special occasion like Christmas shopping.
Croak says customers at First National Bank lose their points after 3 years.
Not all banks offer rewards points, so check with your bank to see if it's an option.
Bill Croak, Sr. VP of First National Bank - Midwest City, says his customers can use those points to cash in on gift cards and merchandise from places like Best Buy, Chili's, Old Navy and other big name retailers.
Croak says, "There's virtually no cost to the consumer for doing this. It's just a reward our bank gives our customers for doing business with us."
Experts say there are things to watch out for when it comes to debit rewards.
For instance, some banks only count the points if you use the card at certain retailers.
Others charge high fees just to be a part of the program.
Croak says that's not the case for his customers.
He says, "There's no fees, no charge. You can use the points whenever you like."
And customers get the points by shopping anywhere.
Customers seem to like the program, often saving the points for a special occasion like Christmas shopping.
Croak says customers at First National Bank lose their points after 3 years.
Not all banks offer rewards points, so check with your bank to see if it's an option.
