Cash App recently introduced a shiny new debit card. Literally. It’s the Cash App Glitter Card.
Best known as an app for sending money, Cash App has recently expanded its financial services, with free tax software and a high-yield savings account. The payment app company’s latest offering is the Glitter Card, a customizable Visa® debit card that provides the features Cash App card users know well, including instant discounts and paychecks up to two days early with direct deposit.
But after the glitter fades, is this new card worth the hype? Here’s what you need to know about the new Cash App Glitter Card.
What to know about Cash App Glitter Card
The Cash App Glitter Card is a prepaid debit card that connects to your Cash App balance. Although its physical card may catch your eye, you can also add it to your digital wallet on your phone or watch. It’s issued by Sutton Bank and can be used anywhere Visa is accepted.
Here are a few key features of this debit card:
You don’t need a bank account
The Glitter Card doesn’t require a linked bank account, but you will need a Cash App account.
If you have a Cash App Savings account, your card purchases can be rounded up to the nearest dollar so the difference is transferred to your linked savings account.
You have to fund your card
You can add money to your card by setting up direct deposits, which are available as soon as they’re received. Or use the Cash App app to link an external bank account for additional cash transfer options.
You can also deposit cash at participating retailers like CVS, Walgreens and Circle K, but you’ll pay a $1 fee for each deposit transaction.
It can be used at ATMs. You’ll have access to fee-free ATMs within the Cash App ATM network, but only if you receive at least $300 a month in direct deposits.
Get instant discounts by using the card
The Glitter Card can also help you save money with instant discounts. You can activate offers in the Cash App app for coffee shops, restaurants and retailers.
There are minimal fees
The Glitter Card doesn’t charge fees to use the debit card or transfer money between Cash App accounts. But as mentioned earlier, it does charge $1 for each deposit transaction.
Your money is protected
Card locking, data encryption and instant transaction and fraud alerts are among the card’s security features to help to ensure your money is protected. Your money is also FDIC-insured through Cash App’s partner banks.
And if you use the Cash App, you may already be familiar with the customizable $cashtag, which you can use to automatically create a shareable URL that lets friends and family make payments to you privately and securely.
Should you get the Cash App Glitter Card?
The Cash App Glitter Card can be a fun option for you if you’re already a Cash App user. When used in conjunction with Cash App’s high-yield savings account or to explore investing in stocks or bitcoin, the Glitter Card can help you manage your spending. And using a debit card instead of a credit card can potentially help you avoid overspending. But if you’re looking for more robust banking options, including earning interest on your account to help your money grow, compare the best online banks offering more services and great perks.
Consider these alternatives to the Cash App Glitter Card
Free online checking accounts may not offer the same experience of customizing your actual debit card, but the account perks may outweigh the joy of swiping a shiny customized debit card. Explore the following checking accounts with debit cards and compare new account bonuses or annual percentage yields, or APYs, offered to make sure a Cash App Glitter Card is the best fit.
| Checking account | APY | Minimum to open | Features |
| Axos | Up to 3.30% | $50 | Up to $300 bonus |
| SoFi | 0.50% | $0 | Up to $300 bonus |
| Alliant Credit Union | 0.25% | $25 | 80,000 free ATMs |
| Ally | Up to 0.25% | $0 | Round ups |
