Stop sleeping on the Cash app


The points and miles game has spoiled me. Whereas at one time I was almost laser-focused on saving every cent even on simple stuff, flying first class and sleeping in style using points I picked up from credit card spend has changed that to an extent: I don’t get as excited over tiny wins. And because of that, like many readers may have I got caught sleeping on the Cash app. Luckily, I recently woke up and realized that it can be a useful tool for my belt – and not just for the mini wins. Note that there is no referral link in this post — I’m not writing this to pick up referrals but rather to alert you to the fact that there are a few reasons to love this little reward vehicle.

What is the Cash app?

The Cash app is sort of like a reloadable prepaid debit card. At first, it doesn’t sound like it makes much sense: you load this prepaid debit card with……your bank debit card. Why add a middle man?

For the average consumer, I think one of the advantages is  probably the fact that you could budget this to be your “everyday spend” card if you were on the Dave Ramsey / “no credit cards” train but still wanted to feel rewarded for spend.

Another advantage could be the ease with which you can pay others. For example, I recently needed to send a few bucks to a family member to pay her back for a small gift she picked up for me. With the Cash app, I could load the app with money using my debit card, send the money to her, and she could withdraw the cash from an ATM in a matter of minutes (and this is of course one of my concerns with the app as well).

But I think the Cash app’s main selling point is how it can save you money on purchases in the same kind of way that credit cards can through return on spend — and in some cases more significantly.

Saving money on normal stuff with the Cash app

Each Friday, the Cash app releases new “boosts”. These are opportunities to save money at various merchants when using your card. You effectively get a discount because the Cash app kicks in the difference between the full price and your discounted price.

For instance, I recently had a boost for 10% off at Dunkin’. My order totaled $14.10. As you can see in the screen shot below, the Cash app paid the “boost” of $1.41 and charged my Cash card $12.69.

I know what you’re saying: savings of a buck forty-one? Big whoop. However, 10% beats the return on any credit card that I’d have used in the same situation. Granted, I could surely get discounted Dunkin’ gift cards, etc — but I don’t always stock up in advance on stuff like that. Getting 10% off on a spontaneous stop for coffee and donuts beats what I would have gotten with a credit card by at least 5%. And my savings surely could have been more had I purchased a Dunkin’ gift card for my next stop, though I’m glad I didn’t on that purchase since my boost this week is 20% at Dunkin’ (not sure I’ll use that either since I got a free 3-month Panera coffee subscription with T-Mobile Tuesdays last week, but on the other hand more coffee discounts is probably always a good thing for me).

Similarly, for much of the past few months, I’ve been seeing weekly boosts for 10% back on any one grocery purchase up to $7.50. One day I ran to the store and just needed a few things. I did the mental math and realized I had about $25 worth of stuff. I decided to grab a $50 Amazon gift card and I loaded my 10% off grocery boost (which discounts the total up to $7.50). Again, the total wasn’t huge, but how many credit cards do I carry that would have offered greater than 10% back on that purchase? Zero. Well, OK. Now there’s that Platinum card. But at the time the answer was zero :-).

Very recently, I’ve gotten a bunch of useful boosts. I reported many of them in this post. The cap on all of them is $7.50 back, but this week alone I could easily see myself using 15% back at any restaurant, 15% back at Walmart, 15% back at the Home Depot, and my boost for $5 off any purchase. If I just use those, that will be $27.50 in my pocket this week alone with very little effort (and it’s worth adding that I wouldn’t otherwise get a return of 15% on those purchases). I will likely also use my offers for 20% back at Dunkin’, 20% back at the USPS, and 10% back at a couple of places like Walgreens or CVS, though I probably won’t max those out. Still, my point is that it adds up.

The biggest hassle is that savings are not automatic – you have to load the boost to your card before you use it. You do that via the menu item that looks like a debit card, where you “swap” in the boost you’re about to use. I’ve done this a minute or two before using the card and it has worked smoothly — though in a couple of situations, the boost didn’t activate automatically (as discussed below). I’m not exactly sure why it failed. The most recent time that happened, I had activate the boost 12 minutes before checking out, so it isn’t as though it was just too fast for the system to catch up.

Cash app makes debit card requirements rewarding

One of the big reasons I’ve found myself in love with the Cash app as of late is because of how it makes debit card purchases rewarding.

I’ve written several times this year about my progress toward new bank account bonuses. I’ve earned thousands of dollars this year mostly by moving my money around from bank to bank.

Many new bank account bonuses are easy — you may simply need to deposit a certain amount or receive direct deposits totaling $X in order to get $Y in bonus money. However, some account bonuses require debit card transactions. While not a new account bonus, I recently got targeted for $15 in bonus money per month for doing 10 debit card transactions each month for the next 6 months with my HSBC debit card (and another $15 per month for doing 3 bill pays). My wife received the same offer.

If we each complete the 10 debit card transactions, that’s $30 per month for six months — a $180 win in two-player mode. But who wants to do 20 debit card transactions per month? Then I have to either remember to carry the debit card to use it for $2 drink purchases or use it for bigger purchases and forgo rewards I could have earned on my credit card, etc. I figured I’d probably mostly use my HSBC debit card to reload my Amazon balance or buy Amazon gift cards from Amazon — a “same as cash” feel.

However, the Cash app is better. You load the app with a debit card and debit loads can be done in whatever amount you choose. Since, for example, the 10% grocery boost each week has been good for a purchase of up to $75, I’ve just loaded $5 here and $10 there over the course of several days, doing 10 transactions in the process. The effect is similar to reloading my Amazon balance, but I’ll save 10% (or maybe more depending on the boost) in the process. Essentially, I’ll get better-than-credit-card-rewards while completing the requirements to pick up $180 in bonus money for the two of us.

I am currently working on a $500 bank account bonus that requires 5 transactions to post to the account. Cash app here I come!

I recently wrote about how NorthOne is offering a $25 bonus to those account holders who use their debit card before 11/21. NorthOne, meet Cash app.

There are a number of situations I’ve run into in just the few short months that I’ve been using the Cash app where I was happy to earn rewards either in situations where I wouldn’t have expected them (i.e. on debit card purchases that I had to complete anyway) or that outpaced what I would have otherwise expected.

And the Cash app even saved me once recently when I was standing at Walmart and my, erm, “debit” card didn’t work. I was able to instantly load what I needed onto the card and use it to complete my purchase.

Cash app downsides

While I’ve found the app both rewarding and convenient, it isn’t without downsides.

For one, I’ve had a couple of situations where my boost did not apply automatically as noted above. For instance, I made a Walgreen’s purchase a few days ago and did not get the 10% boost. Under the support section in the app, it instructs you as to where in the menu to find the place to report a missing boost. There’s just one problem: that menu option doesn’t actually exist. They give you clear instructions as to where to find it in the menu, it just isn’t there. So I had to reach out to the general support messaging. That’s no big deal except both times that I’ve had to do this, I’ve gotten a canned response from support telling me where to report the missing boost — the same instructions found within the app that lead to a place where the button to report the missing boost doesn’t exist. Both times, I’ve both explained in advance that there is no place to report the missing boost under the transaction details and both times I have had to follow up with a second message to let them know that, as I’d written in my first message, their suggestion leads to no such place to report it (with screen shots attached to show it). They don’t seem particularly interested in fixing that problem, but in both cases they credited my account accordingly. It was a little annoying to need to send two emails to get resolution on a transaction worth just a couple of bucks. If I had to do that regularly, my enthusiasm for the Cash app would be zapped. Thankfully, most transactions have been fine.

The other key concern for me is security. I haven’t had any issues with the security of the app or problems with fraudulent charges. However, adding cash from the debit card linked to my account is almost too easy — all I have to do is open the app, click “add cash”, and enter an amount and it charges my debit card (no need to log in or enter a PIN or anything). If I didn’t have a screen lock on my phone, it would potentially be easy for anyone who got a hold of my phone to load up the app from my debit card and send money quickly. Maybe I wouldn’t be held responsible for fraudulent debit card transactions in a situation like that, but it’s a potential concern for sure. I actually really like how quick and convenient the app is, but adding a PIN that needs to be entered to reload (similar to the way someone can log in to apps like Robinhood or SoFi with a simple PIN entry) would add a layer of security that I wouldn’t mind.

That’s not to say that I am particularly concerned about the Cash app, just that I could see room for improvement there and I could understand why some may be uncomfortable with it.

Bottom line

The Cash app isn’t necessarily a huge win in itself; saving up to $7.50 at a time doesn’t feel like hitting the lottery. However, the savings can outpace credit card rewards on the same transactions in many cases. And those small savings do add up. I had a math teacher growing up who told us that he won the lottery every day: he put an envelope in his glove compartment and put a buck in it every day for the lottery ticket that he didn’t purchase and at the end of the year he was a $365 winner every time. The cash app can easily beat out Mr. Yaeger’s annual lottery haul.

Better yet, it has made meeting debit card transaction requirements for bank bonus money a breeze — and rewarding at the same time. Again, the difference there won’t be massive on any individual transaction, but just like earning 5 miles on your coffee here and 100 miles on a bill there, it adds up over time to make for savings and rewards that are worth the near-zero time investment in my opinion. I’d ignored this one for a long time because of the seemingly small size of the savings, but I now see that this was shortsighted. I’ll take the easy wins as long as I don’t have to deal with reporting too many missing boosts.

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[…] that’s $30 in earnings per month for up to 6 more months ($180 each). I’ve found the Cash app particularly helpful for meeting the debit card […]


Hi Nick or anyone using cashapp, how long did it take for the bank to actually transfer money after you added it the app? I’ve tried with 2 different national banks and their respective debit cards but still can’t add money to the cash app. (The amount I want to transfer is very small compared to the balance)

Brian Cogswell

Sorry Nick, I love your posts in general but this one was a total dud. I tried it out, nothing but pain. First two boosts didn’t work. No customer service to get it rectified, for a whopping $4 total. Waste of my valuable time. Also the risk of fraud is massive, even if you only lose $50 or $75 if your account is hacked…how many boosts does that wash away.


haha, a bonus for my friend & me both was not given bc of a glitch & they refused to make a manual adj to make it right; replies via email simply stated like while a new-acct bonus was not given but can use once the dc is arrived.. lol, friend said while the bonus is only a $5, will better pass as it’s matter of no-confidence vote in their biz

Last edited 2 years ago by dan
Brian Brewington

You can change the settings in cashapp so a pin has to be entered before money is loaded or sent. That is how I have mine set, in case God forbid I was to ever lose my phone.
Another bonus of Cashapp I didn’t see mentioned is they’ll refund you x amount of atm fees you’ve acquired using the cashapp card, if you’ve received a direct deposit of any amount that month. One month I transferred money there from another account and it treated it like a direct deposit. Cashapp truly is a game changer, especially for those like myself without a traditional bank account.


Cash app is a joke. Do NOT use it. You will be scammed eventually. All someone has to do is refund any money they had paid out to you and it will immediately be taken from your bank account. I had several transactions amounting to $800 illegally taken from my bank account. And there is NOBODY at to call or contact in ANY way to try to have these fraudulent “refunds” stopped or cancelled. Don’t use!


I disagree, there is NO customer service and if you DO get ahold of anyone (email ONLY) they tell you to contact merchant.

The ONLY thing cash app is even decent for is that you can buy bitcoin easily using the app otherwise it’s absolute trash.

Malaquias Desantos

You can set up a pin to add cash or send cash in the app I have biometric enabled


Do not i repeat do not use anything type of account like this as I have been hacked not once but twice where hackers have stolen major $$$ from me. It took almost 4 weeks for them to return my $$$ they don’t give a crap. So bottom line don’t use Chime, Venmo, Google pay, Cash App, Apple Pay and any other bs cards. Happy Holidays

Jt Ward

I’ve been using this for over a year and here is some addition info. 1) You can add a pin within the app that will need to be entered in order to add or send money. Check in the settings. 2) You can order a physical cashapp debit card from within the app. The card is a contact less one. 3) Card is linked to your cashapp account on your phone and can be used anywhere Visa is accepted. Just follow the activation instructions to scan code. 4) The pin is the same for both. 5) You have the ability in the app to lock the card when you aren’t planning on using it. This is the main reason why I never carry my actual bank card anymore.

Last edited 2 years ago by Jt Ward
William Fruchtenicht

Anyone mentioned the ability to purchase fractional stock shares? I use cash app for my main source of income… Swing trading.


Is there a soft or hard pull on your credit to open the card? Does it require SSN?


I’m interested in what you said about debit purchases, since I have a new bank account that requires a bunch of debit swipes to trigger the new account bonus. I’m not sure if I understand how you’re describing to do that. Are you saying that I just arbitrarily add amounts from my bank debit card to my cash account, regardless of how many transactions or for what amount I use the cash app at whatever stores?


Why doesn’t the author discuss all of the fraud and scam surrounding cashapp nowadays?

That not being addressed alone I don’t address this author.


…because the fraud is not on the app side, but the user side of things. I’d love for you to post on verified scam where the fault lied on the app programming and not the intelligence or “savvy-ness” of the user.

Every issue I’ve ever seen has been a result of not doing your research. As long as you understand that there is zero true customer service, and that you can not reverse a transaction EVER because of that, you can take advantage of a ton of boosts that save money. They have 10% Amazon, 10% Walmart, hell they even have a special for 30 mins once for 99% off ANYTHING up to $50 you learned of via their Twitter.

Just follow common sense and don’t make massive purchases you might want to reverse and don’t send money to people you don’t know. Simple as that. The author is just trying to help the segment of the population that doesn’t fall for Nigerian prince email scams, long distance dating cons or Spanish prisoner messages. Forgive him for thinking good of his audience.

Duane Bosteel

CASH ap and their parent company, Square,, are not conducting honest business. I tried to send $200 to a person. They never got it but it was taken from my checking account. I attempted to contact CASH ap via their in ap email instructions. Go ahead and look, there is no way to reach their customers support by phone. After days I finally got an email response telling me to have my intended recipient get in touch with them by email. Days later I tried again and was told that my case had been closed because they hadn’t heard from me and that I should reopen it via email. There has still been no resolution and it’s more than a month since incident. So use the ap at your own risk and remember, if something goes wrong you are out of luck.


CFPB complaint may help; if not, tell them a legal help will be sought… that could likely get a resolution sooner

Last edited 2 years ago by dan

I’ve been an early adopter of cash app, but I never thought to chain transactions like this to maximise the return. This is perhaps one of the best-written financial advice I’ve ever read.

Thomas Blackwell jr

Cash App is a joke the have more scams them any card I’ve know I wouldn’t recommend any of my friends or family to use cash out I think cash app is scamming people out of their money but they’re most definitely don’t try to help you get it back once it’s been stolen off your card cashed up get zero stars t
from me


yeah, $ in there is not FDIC insured; so best to add just enough for use

Last edited 2 years ago by dan

You can add a pin for adding or sending money and I would highly recommend it.
I feel you left out some other excellent features as well. The ability to buy stock and bitcoin might be appealing to some. Also you can setup direct deposit straight to the cash app as well! I have a 10% direct deposit from each paycheck just for some fun money. It was also a big hit for those stimulus checks.


They actually do have an option for a pin to add money from your debit card I have mine set…. check in settings


What im trying to figure out is how to load actual cash to the cashapp card.


Shhhh… it’s a secret to everybody…


I tried using CashApp debit card for the 10% boosts (groceries is great). The problem is that randomly CashApp will decide not to let you load money due to fraud concerns. It’s super unreliable and therefore I stopped using it.

Andreas Montenegro

Never happened to me. And i loaded thousands.


This is the opposite of so-called “low-hanging fruit”.

More like “mushy apples already on the ground”.

Why would you make a play for $5? Doesn’t really make sense. Shoot higher and then just relax the rest of the time :).


Finally a reason for me to reinstall the Cash App on my phone and sign into my account (it was dormant since 2016). Loaded $25 from my linked debit card, loaded the 15% off Chick-Fil-A offer, went to the Chick-Fil-A app, and loaded $25 to my account. I was only charged $21.25 (Cash paid the other 15%). Very cool feature 🙂


Please can you drop a message to me @5154987529


Hi Brian, send me a DM on twitter.


I once had a Walgreens transaction that didnt post. Found out later that it was because I ran that one and requested some cash back. That disqualified it.


Big downside , is making to you make unnecessary purchase , just for the sake we have added those boosts


So you saying I shouldn’t have bought $3500 of wine to take full advantage of these amex offers? But I saved soo much moneys
For real though I did buy a $100 GC for Chick-fil-A because of a chase offer, while it is money I would have spent there eventually, did make it much easier to sell myself on breakfast instead of making it myself this morning. Would I have bought CF this morning with out $100 in my acct, its hard to say but normally pulling that trigger has closer to a 1 in 5 chance then a 3:5 chance when my acct is full of $

Last edited 2 years ago by Jed
Chad Buttkiss

Yeah and even if you do find a decent boost it comes at the cost of having to wade through and be tempted by these other deals. Which is to say there’s a risk and time cost on top of this.


Can you do the debit loads with gift cards?



Mike Chicago

And PPK doesn’t seem to work either.


Didn’t realize that it charged your debit card as opposed – to an ACH from your account.

My debit card stays in my sock drawer, except the rare occasion I need to WD cash on a weekend or need to deposit cash – still searching for the bank that will allow mobile cash deposits – I’ve offered all the banks that I would write “for mobile deposit only at xyz bank” on the notes before disposing of the bills 😉

I been using the 10% back at Safeway in VGC/MCG hand Chipotle GC.


Chipotle also seems to be a pretty common boost.


It’s a good deal but I get spoiled by things like the Iberia 90,000 points offering or the time when you could charge $100,000 bank accounts to your credit card as a purchase. I guess I’m waiting for an offer for free first class flying again


So you have to pre load it with $? Unlike say the target debit card where its just straight pass through. Do you just guess how much you are going to spend and overshoot it by 10%?


So if you undershoot how does that work? Say you order $14.32 in coffee but only have 11.23 loaded, does it just auto drain? This is part of the reason I haven’t grabbed one of these yet, the mechanics seem a bit convoluted. From the sounds of it, it is not like the target red card that just passes the full transaction amount though like a standard debit.

Colin Mac Leod

As a user of this card for 2 years, you have to have the original amount in your account to process the transaction. So for a $50 purchase you need $50 even if they’re only going to charge you for $45. Could be frustrating if you don’t use the card often but I always have a balance in there so it doesn’t bother me.

It also won’t auto-drain on debit card purchases but if I have $5 and I send $10 to someone I believe it will use the $5 balance and then charge my linked card $5.

Another huge benefit is the free ATM withdrawals. If you get a direct deposit of $300 or more, you can have all ATM fees waived at any ATM in America for the next 30 days. I split my paycheck to have a little over $300 deposited into my cash app which I immediately withdraw to my normal checking account. Can save $5-8 on every withdrawal, super useful if you only need $20 but don’t wanna spend $28 on it.

Last edited 2 years ago by Colin Mac Leod

The first part doesn’t seem to be the case anymore. When I spend $75 on groceries, I only load $68 so that if the boost screws up I know to fix it or use a different card.

Cash App is both great and underrated. Pity the coffee shop $1 off perk was too good to last.

Marthaline Roberts

So how can I get one in can I load up to $5,000 on it or is that a limit

Michelle D Parker

How do I apply for this or is this the regular cash app card


Been using it for the boosts too! It’s also great because you can get a custom, self-designed debit card as well.