Updated: Feb 22, 2025

Looking for a debit card that gives you a little extra just for signing up? Check out options that offer cash bonuses, rewards, or perks simply for opening an account and meeting a few easy requirements.

When people think of rewards for signing up, credit cards usually come to mind. But did you know that some debit cards also offer sign-up bonuses? These can include cash rewards, statement credits, or other perks that make your everyday spending more rewarding. Unlike credit cards, debit cards let you spend only what you have in your account, which helps you avoid debt while still enjoying the benefits of a sign-up bonus.

In this guide, we’ll explore some of the best debit cards with sign-up bonuses, how to qualify for them, and what to look out for when choosing the right one for you.

Why Do Banks Offer Sign-Up Bonuses for Debit Cards?

Banks and financial institutions offer sign-up bonuses to attract new customers. These bonuses are often tied to checking accounts, meaning you’ll likely need to open a new account and use the associated debit card to qualify. Some banks may require a minimum deposit, direct deposits, or a certain number of debit card transactions within the first few months to unlock the bonus.

Unlike credit card sign-up bonuses, which often require spending a large amount of money in a short period, debit card bonuses tend to have simpler requirements. This makes them an attractive option for those who prefer to avoid credit cards but still want to earn rewards.

Top Debit Cards with Sign-Up Bonuses

Here are some of the best debit card offers available:

1. Chase Total Checking® + Chase Debit Card

• Sign-Up Bonus: $200
• Requirements: Open a Chase Total Checking® account and set up direct deposits within 90 days.
• Pros: Easy to qualify, large ATM network, access to Chase’s mobile banking tools.
• Cons: Monthly fee unless waived with a qualifying balance or direct deposit.

2. Discover Cashback Debit

• Sign-Up Bonus: Varies (often includes cash incentives or referral rewards).
• Requirements: Open a Discover checking account and meet certain spending requirements.
• Pros: Earn 1% cashback on up to $3,000 in monthly purchases, no fees, nationwide ATM access.
• Cons: No physical branches for in-person banking.

3. Axos Bank Rewards Checking

• Sign-Up Bonus: Up to $100
• Requirements: Meet deposit and transaction requirements.
• Pros: No monthly fees, unlimited domestic ATM fee reimbursements, high-yield checking.
• Cons: Online-only bank, so no physical locations.

4. Bank of America Advantage Banking + Debit Card

• Sign-Up Bonus: Varies (frequent cash bonuses for new checking accounts).
• Requirements: Open an Advantage Banking account and meet direct deposit requirements.
• Pros: Large branch network, good online banking features.
• Cons: Monthly maintenance fees unless waived.

5. SoFi Checking & Savings + SoFi Debit Card

• Sign-Up Bonus: $50-$300
• Requirements: Receive qualifying direct deposits within a set time frame.
• Pros: No account fees, high interest on savings, cashback rewards on debit purchases.
• Cons: Online-only banking experience.

How to Choose the Best Debit Card Bonus Offer

Before signing up for a new debit card, consider these factors:

1. Bonus Amount vs. Requirements

Some banks offer big bonuses, but they may require large deposits or frequent transactions. Make sure the requirements align with your regular banking habits.

2. Monthly Fees & Requirements to Waive Them

Many checking accounts that offer debit card bonuses have monthly fees. However, they’re often waived if you maintain a certain balance or set up direct deposit.

3. Other Perks

Look for additional benefits like cashback rewards, ATM fee reimbursements, or high-interest savings options.

4. Ease of Access

If you prefer in-person banking, choose a bank with local branches. If you’re comfortable with online banking, an online-only bank might offer better perks.

How to Maximize Your Debit Card Bonus

• Meet the requirements: Ensure you fulfill all conditions (e.g., direct deposit, transaction minimums) within the given timeframe.
• Avoid unnecessary fees: Choose an account where you can easily waive monthly fees.
• Use the debit card regularly: Some offers require a certain number of purchases, so use your card for everyday expenses.
• Take advantage of extra rewards: Some debit cards also offer cashback on purchases, so use them strategically to earn more.

Final Thoughts

Debit cards with sign-up bonuses offer a great way to earn extra cash without the risks of a credit card. While these bonuses aren’t as large as some credit card rewards, they can still provide valuable incentives for everyday banking. Just make sure to check the requirements, avoid fees, and use your card strategically to maximize your benefits.