VENMO Debit Card vs. CASHAPP CashCard // Which has Best Cashback, Transfers, ATMs and Rewards?

[@CalebBaleFinance]

Do you use Venmo and/or Cashapp and do you like one more over the other? ⭐⭐WATCH NEXT: Cashback Debit Card Showdown! kzbin.info/www/bejne/h3XdkJ-tbbaXfdE

[@JLY82]

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

[@CalebBaleFinance]

Ah that's great to hear. I didn't realize that was a difference between having the card and not having it. Thanks, Leon!

[@ocwatts-zq8lc]

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 .

[@BudgetsWithBess]

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.

[@CalebBaleFinance]

Thanks so much, Bessie! Everyone thinks I bring everything back to finances but it actually all comes back to chocolate milk 😂 Thanks for watching!

[@CreativeCashflow1]

This is so useful. I use Venmo for all my rental units so I needed that info. Thanks Caleb 🙏

[@CalebBaleFinance]

Thanks Rickey, I appreciate it!

[@DebtFreeDad]

My wife has the cash app card it's pretty decent the speed of funds transfer is big

[@CalebBaleFinance]

Speed of funds is definitely one of my favorite features.

[@40andBroke]

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.

[@CalebBaleFinance]

Instant access is so nice. Thanks for watching per usual, Leroy!

[@NatePolmateer]

Pow and kablam! Great video Caleb! Non direct deposit are not insured that's kinda weird lol

[@CalebBaleFinance]

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?

[@Teewaree13]

I just ordered my Venmo Debit card.

[@CalebBaleFinance]

Very nice, let me know how you like it!

[@ShiestyBxndz]

Same 🔥👌🏽

[@pjlynch3889]

I have a cash app card

[@DebtFreeDad]

Yeah FDIC insurance is important. I'd never put too much money in there

[@CalebBaleFinance]

Same here, I'll keep just enough in it. Thanks for watching, Marcus.

[@ShiestyBxndz]

True

[@HarlandDWhite]

Nice breakdown!! I don't really use either platform, but that 10% on groceries would have been nice.

[@CalebBaleFinance]

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!

[@audramuth4147]

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.

[@TrentonMatthews]

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.

[@CalebBaleFinance]

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!

[@TheProjectcoNrad]

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.

[@CalebBaleFinance]

Yes I just saw this recently, thanks for letting me know about it though!

[@featherpony]

2:30 Spend $20 at 5% cash back = $19.50? Someone failed math.

[@CalebBaleFinance]

lol clearly I didn’t check before filming. And worst part is, I’m an engineer by trade 😂

[@danabennett4098]

Helpful - very!

[@CalebBaleFinance]

Thanks!

[@mr.c1989]

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! 🙂

[@CalebBaleFinance]

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!

[@qinggeleli1344]

Is there an annual fee for the cash app card if there is no deposit? Is there a specified deposit amount?

[@CalebBaleFinance]

I would have to look back at it but I don't believe so.

[@Fargosportsmassage]

​@@CalebBaleFinance so you got the answer? Thanks

[@JadenX1]

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?

[@CalebBaleFinance]

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.

[@JadenX1]

@@CalebBaleFinance Excellent! Thank you for both your response and for the information

[@omarahmad681]

A good question if your using cash app as an app for taxes and can you have your money stored in chase bank account

[@CalebBaleFinance]

Yeah I believe that's not an issue at all.

[@markcabe5925]

Can I use cash app like a credit card like bye anything as long as money n there ?

[@CalebBaleFinance]

Yeah! It's a debit card so as long as you have money in the account, you're golden

[@pjlynch3889]

I have both

[@CalebBaleFinance]

Which one do you like more?

[@benrealmccrimon1187]

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.

[@CalebBaleFinance]

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!

[@gop305]

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.

[@CalebBaleFinance]

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.

[@gop305]

@@CalebBaleFinance Thank you so much for the info. I appreciate all the effort in your videos to give us guidance.

[@CalebBaleFinance]

@@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!

[@gop305]

@@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.

[@W1wolf2]

This card have any fee or use card?

[@CalebBaleFinance]

They certainly don't have monthly fees if that's what you're asking.

[@azmgbbb]

Too many jump cuts.

[@CalebBaleFinance]

Good to know. Thanks for the input, Eleisa!