Cashback checking accounts are a fantastic way to earn rewards on your everyday purchases, and Minnwest offers several options to help you get the most out of your account. Let’s break down the cashback benefits for each Minnwest checking account and how to maximize your rewards.
1. Simple Cashback Checking: Ideal for low-volume spenders
Cashback Benefits:
- Up to $10 cashback per month.
- 1% cashback on eligible debit card purchases (up to $5/month).
How to Maximize It: This account is great for those who want to earn cashback with minimal effort. You’ll earn $5 per month simply for enrolling in eStatements. You’ll also earn up to $5 on eligible debit card purchases, which adds up to $10 in cashback rewards each month. To get the most out of this account:
- Use your debit card frequently for everyday purchases. While the cashback is capped at $5 per month for debit card purchases, making frequent transactions ensures that you hit the cashback limit.
2. Enhanced Cashback Checking: Best for everyday users
Cashback Benefits:
- Up to $20 cashback per month.
- 1% cashback on eligible debit card purchases (up to $10/month).
How to Maximize It: The Enhanced Cashback Checking account is ideal if you have a moderate to higher volume of spending. Here's how to earn the most cashback:
- Bank digitally: This account offers $5 per month simply for enrolling in eStatements and $5 per month for setting up direct deposit to your checking account. Take the steps now to set up these features to maximize your cashback.
- Spend more with your debit card: To get the full benefit, aim to spend $1,000 or more per month on your Minnwest Bank debit card. Try using your debit card for larger transactions throughout the month to hit that maximum cashback potential.
- Maintain Your Balance: If you can maintain the $5,000 monthly average balance, you’ll avoid the $15 monthly service charge, which helps increase your account's overall value.
3. Ultimate Cashback Checking: Best for high-volume spenders with high-balance accounts
Cashback Benefits:
- Up to $30 cashback per month.
- 1% cashback on eligible debit card purchases (up to $20/month).
How to Maximize It: The Ultimate Cashback Checking account offers the highest cashback rewards, perfect for those who spend regularly with their debit card. Here’s how you can maximize your cashback:
- Boost your cashback: Maximize the $20 in cashback available from debit card transactions by spending at least $2,000 on your debit card each month to take full advantage of this benefit.
- Track your purchases to ensure you’re getting the full $30 cashback. This means making strategic purchases that are eligible for cashback rewards, such as groceries and gas.
- Custom checks: You can order one free box of Custom Creation checks each year, a great benefit for those who still write physical checks regularly.
By understanding the cashback structure of each account and tailoring your spending habits accordingly, you can ensure that you’re making the most of your Minnwest Cashback Checking account.
