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The PointCard Debit Card is out with yet another big temporary bonus category: through February 8, 2022 get 10x (effectively 10% back) on DoorDash. You can earn up to 5,000 points (effectively up to $50 back on $500) during this earn period. That’s a great return that beats what you’ll get with most credit cards.
The Deal
- The PointCard Debit Card is offering 10x at DoorDash (effectively 10% back) up to 5,000 points ($50 back on $500) through 11:59pm Pacific Time on 2/8/22
Key Terms
- Earn 10 points for each dollar spent on eligible purchases made using your PointCard at DoorDash by 11:59 p.m. PDT, February 8, 2022.
- Points are redeemable for cash, where 1 point = $0.01 upon redemption, subject to the Rewards & Benefit Terms.
- Excludes physical and electronic gift cards.
- Not valid on purchases made through third-party retailers, websites, or mobile applications.
- Each cardholder can earn up to a maximum of 5,000 points on eligible purchases during this offer period.
- Points will be credited to your account within 30 days after charges appear on your Point billing statement.
- Points may not be credited to, or may be taken away from, your account if qualifying purchases are cancelled or returned.
If you’re new to the Point Debit Card
If you’re new to the Point Debit Card, note that the annual fee is now $99. That gets billed on your first deposit or you can choose to be billed $9.99 per month instead.
Note that we no longer list our referral information since referrals are now capped and new users will not receive the bonus once the person making the referral has exceeded the cap.
Quick Thoughts
The PointCard Debit Card initially seems like a wacky value proposition with its $99 annual fee, but with frequent bonuses like this one certainly make it an interesting conversation piece and comparison point against the credit cards in your wallet.
Note that we’ve seen a number of opportunities to save on DoorDash gift cards recently that would make for better opportunities when combined with credit card rewards, so this may not be appealing if you’ve already loaded up your account with discounted gift cards. On the other hand, if you didn’t front-load your account with gift cards, this deal could be attractive. Just take note that the deal excludes physical and electronic gift cards. That isn’t always enforced as written, but I’d expect that it probably won’t work here.
Overall, nice deal if you’re ordering via DoorDash and great to see Point continue to offer these nice payouts.
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Trying to determine the value prop of the Point Card – with the $99 fee, it would seem that even if you were able to take advantage of various 5% deals, it would seem that you would need to spend $4,160 in order to just break even on this card. I get to this number by taking the $99 annual fee and dividing by (5% – 2.62%, since that is what FM usually uses for comparisons). Now, if I only used for 10% promos, that number is only $1,341 … but how often can you use if for these 10% offers? Or am I missing some other advantage of this card that I’m not seeing between the lines?
It’s a debit card that earns 1% cash back, so yeah.
But also, they have run almost monthly deals to get $30 back when you use the card 5 days in a row and spend at least $200. I just automate four days of $1 payments to an insurance bill and then it’s like a near monthly Amex Offer for $30 back on $200 anywhere.
I’m not arguing you should definitely have it, but I’ve been happy enough.