VENMO Debit Card vs. CASHAPP CashCard // Which has Best Cashback, Transfers, ATMs and Rewards?
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- เผยแพร่เมื่อ 7 มิ.ย. 2024
- Today's video is a comparison between the Venmo cashback debit card and the Cashapp Cashcard debit card. In it, I compare both cards, their benefits and conclude on which is better! There are a lot of similarities and a lot of differences. So let's break them down.
Sign Up Offers!
⚡️GET $5 FREE WHEN YOU SIGN UP FOR CASHAPP⚡️
If you sign up using this link, you'll get $5 added to your CashApp account for free! cash.app/app/BKFKZVQ
Or you can just use this code "BKFKZVQ" to sign up when you download the app!
⚡️SIGN UP FOR YOUR OWN VENMO CARD AND GET $10 ⚡️
Sign up using my link and get $10 when you make a $5 bank- or card-funded payment within 14 days! get.venmo.com/rmdhrQ4qFlb
Original Reviews of each card:
🔴Venmo Debit Card Review: • VENMO Cashback Rewards...
🔴Cashapp Debit Card Review: • The CASHAPP Debit Card...
Timestamps:
0:00 - Intro
0:36 - Similarities
1:55 - Differences: Cashback
3:18 - Other Differences
5:21 - The Winner?
#cashback #venmo #cashapp
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Do you use Venmo and/or Cashapp and do you like one more over the other?
⭐⭐WATCH NEXT: Cashback Debit Card Showdown! th-cam.com/video/QDz_lw8QdGo/w-d-xo.html
Basically if you do not have a card you are not FDIC covered through a third-party bank. But as soon as you order a card, with cash app, you are then covered for up to $250,000. One advantage of ordering a card
Ah that's great to hear. I didn't realize that was a difference between having the card and not having it. Thanks, Leon!
Venmo is Now as of 2023 FDIC Insured up to $ 250,000, I just signed up and got the debit card and it CLEARLY said in the small letters direct deposits and transfers are now FDIC INSURED up to $250,000 and they work with BANCORP BANK N.A phew I now feel more comfortable reading those things .
This is so useful. I use Venmo for all my rental units so I needed that info. Thanks Caleb 🙏
Thanks Rickey, I appreciate it!
The 10% for groceries is a real draw because the prices keep going up. Great breakdown! Love the chocolate milk card- very appropriate for the channel.
Thanks so much, Bessie! Everyone thinks I bring everything back to finances but it actually all comes back to chocolate milk 😂 Thanks for watching!
Pow and kablam! Great video Caleb! Non direct deposit are not insured that's kinda weird lol
Thank you sir! I wish I could animate the cards to hit or something lol. I agree, it is weird. Do you all have insurance like that in Canada?
Helpful - very!
Thanks!
Nice breakdown!! I don't really use either platform, but that 10% on groceries would have been nice.
Thanks, Harland! And thanks for watching. I agree there and I'm hoping it comes back soon. Waiting on the notification of your next video! I'm sure that your priorities have shifted now with being a grandpa though!
I have Cash App, but not the card. I like the instant access. Fold does not have that yet, so I have to wait about a week for the money to hit the card.
Instant access is so nice. Thanks for watching per usual, Leroy!
My wife has the cash app card it's pretty decent the speed of funds transfer is big
Speed of funds is definitely one of my favorite features.
Venmo just added the up to $500 instant transfer per week if you use a debit card from another bank account I think, I haven’t tried yet tho.
Yes I just saw this recently, thanks for letting me know about it though!
I have a good challenge for you, kind Sir......could you do a video on how to achieve "Direct Deposit"....without an employer? Is there a service where I can attached a debit card tied to some account (maybe a Bank Account or Credit Union account) and then the service would pull funds from that card and redirect it into Venmo as a "Direct Deposit"? Perhaps it may have to be interpreted as an ACH transaction...not sure. Challenge issued! 🙂
That's a great question! I'll add that to my list of video ideas because it's actually something I've wondered about many times. Thanks for the challenge!
I wish I was told about this about a month ago about your referral bonus if I were to sign up on cash app. But oh well it is what it is and I do find your information very helpful so I did left the like but I also have a question. For every use of the cash app card that I have acquired but have an activated yet are fees included every time I use the cash app card?
Ah bummer! I'm glad to hear you find the information helpful. Yeah, I don't think there are any other fees when you use the Cashapp card. It's just like any normal debit card.
@@CalebBaleFinance Excellent! Thank you for both your response and for the information
I just ordered my Venmo Debit card.
Very nice, let me know how you like it!
Same 🔥👌🏽
Yeah FDIC insurance is important. I'd never put too much money in there
Same here, I'll keep just enough in it. Thanks for watching, Marcus.
True
A good question if your using cash app as an app for taxes and can you have your money stored in chase bank account
Yeah I believe that's not an issue at all.
Is there an annual fee for the cash app card if there is no deposit? Is there a specified deposit amount?
I would have to look back at it but I don't believe so.
Does cash app have the same feature as venmo where if your balance is “0”….. and they have an automatic “reload” feature and the $ is then automatically topped off from a funding source . The reason I’m asking is because they are ending that feature September 12th . I’m pretty bummed about that because it’s a very handy tool in the event of emergencies.
I myself got that emaill from Venmo about it. I am not too pleased either, and my card is a purple one!
To answer your question though, I don't believe Cash App does have said feature.
If it does, I haven't heard any confirmation.
So I don't think they have that feature as far as I can tell. I haven't tested it on cash app at least. Cashapp does have automatic recurring deposits though, but I know that's not exactly what you're looking for. Sorry!
Can I use cash app like a credit card like bye anything as long as money n there ?
Yeah! It's a debit card so as long as you have money in the account, you're golden
Do any of these card accept instant Transfers from my existing banks debit card? Point card used to but got rid of that feature unfortunately.
I know, I miss that feature about Point! So Cashapp, last I tried, could do it instantly and never charged me for the instant transfer. I just checked venmo and it does not allow instant transfer.
@@CalebBaleFinance Thank you so much for the info. I appreciate all the effort in your videos to give us guidance.
@@gop305 Sure thing, Matt! I just appreciate the support. Let me know if there's a topic or debit card you think would be good to cover!
@@CalebBaleFinance How about looking into Upgrade Rewards checking? It's a 2% cash back card on common every day expenses and 1% cashback on all other purchases. FDIC insured up to $250,000 as well.
This card have any fee or use card?
They certainly don't have monthly fees if that's what you're asking.
2:30
Spend $20 at 5% cash back = $19.50? Someone failed math.
lol clearly I didn’t check before filming. And worst part is, I’m an engineer by trade 😂
venmo is no good if you dont have a debit card and they make it so difficult to order a card so i will stay with cash app.
Really? I didn't feel like it was very difficult to order a card but maybe that's because I've had it for about a year now. Maybe they've changed it since. Cashapp is great!
Too many jump cuts.
Good to know. Thanks for the input, Eleisa!