(Expired) Point Debit Card: Earn 5x At Walmart, Costco, Whole Foods and Trader Joe’s

Sorry, this deal is no longer available. Do you want to be alerted about new deals as they’re published? Click here to subscribe to Frequent Miler's Instant Posts by email.

The Point debit card has been an extremely valuable card for us over the last few months, primarily due to its 5x earnings at Walmart, Costco, Amazon and Trader Joes. These were available as part of rotating “access offers” that were officially only valid for a month but had been routinely extended. Last month, that changed and the bonuses on each of the high-value retailers expired, effectively nuking the value of the card.

Point has unexpectedly brought back each of these offers, sans Amazon. This time it’s for only one weekend, though, giving 5x points (i.e. 5% cashback) at Wal-Mart, Costco, Whole Foods and Trader Joe’s through May 8th.

a close-up of a logo

The Deal

  • Earn 5x at the following retailers with the Point debit card on:
    • Walmart ($1000 max/month)
    • Costco ($1000 max/month)
    • Trader Joe’s ($500 max/month)
    • Whole Foods ($1000 max/month)

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. There are a variety of easily-fulfilled referral offers out there, it’s worth asking around for someone who knows they have referral capacity.  You will recieve an immediate digital card upon approval that can be used via Apple/Google Pay or online.

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.

Key Terms

  • Earn 5 points for each dollar spent on eligible purchases made using your PointCard at Whole Foods, Trader Joe’s, Costco and Amazon before 11:59 p.m. PDT, May 8, 2022.
  • Points are redeemable for cash, where 1 point = $0.01 upon redemption, subject to the Rewards & Benefits Terms.
  • Offer valid in-store and on purchases made online.
  • 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 per month during this offer period for Amazon, Costco and Whole Foods, 2,500 points at Trader Joes.
  • 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.

Quick Thoughts

5x points on the Point debit card is the same as 5% cashback. We occasionally see the Chase Freedom/Freedom Flex and Discover It cards offering 5% at some of these retailers, but that’s only valid during whichever given quarter that’s eligible.

These retailers had been a standard feature of Point access offers before last month. While it’s discouraging to see them only return for one weekend, it’s encouraging to see them back at all. I recently transferred all of the funds in my Point account out, simply because there were no useful offers/category bonuses left for me. Hopefully this is an indication that we’ll see these pop back up from time to time, if even for short periods.

Want to learn more about miles and points? Subscribe to email updates or check out our podcast on your favorite podcast platform.
Notify of

This site uses Akismet to reduce spam. Learn how your comment data is processed.

oldest most voted
Inline Feedbacks
View all comments

I’m so sad, because for the first time since having this card, those vendors are no longer listed for additional cash back offers.


Does the point card earn on debit purchases, or only credit? Surprisingly I cannot find this answer on point’s site.


You wrote above about the earn, how about the burn? Is there a blog post on how or what to use these points for?

Thank you!

Duane Morrison

No need to post this comment, but I followed the directions, and somehow Point didn’t record my referral. I started a chat with Point to resolve and they said they will add the referral after the fact, but that I need the name and email of the person who is referring me (in addition to the referral code), Tim, could I ask you for your help in this and I’ll use your referral code.


Nice, especially Costco, but capped at $50 (total or per retailer…). Are there enough of these offers annually to make it worth maintaining the account, paying the AF after the first year, and tracking the spending?

Stephen Pepper

If you take advantage of these offers, Point Streaks, etc., your earnings can potentially outweigh the annual fee. Whether it’s worth the effort, tracking, etc. though is up to you.

For me personally, I’m leaning towards cancelling my card when it comes time for renewal just because making the effort to maximize everything in order to at least earn $99 a year to make it break even isn’t worth it to me. I’ll keep my wife’s account open though because her account still picks up the occasional referral; even one referral per year offsets the annual fee. For whatever reason Point has stopped the ability for me to refer anyone on my own card which is why I’ve got less reason to keep it.