This Debx review is a paid sponsorship.
In case you haven’t noticed, we are obsessed with the idea of earning “something for nothing” or “free stuff.” This includes the use of rewards credit cards, which let you earn cash back, travel rewards, and important consumer protections in exchange for their use.
Of course, not everyone should use rewards credit cards, as they are really only ideal for people who are A) debt-free, B) tracking their spending every month, and C) able to exercise restraint with their spending and never fooled into spending more to rack up more rewards.
If you’re like us and avoid debt like the plague, then it’s possible you could use rewards cards to your advantage and earn some cool free stuff in the process.
Fortunately, there’s a cool new way to rack up rewards while ensuring your spending doesn’t get out of hand. Debx.com is a new service that gives you “the perks of a credit card with the peace of mind of your debit card.”
Like competitor Debitize.com, Debx.com connects your credit cards to your bank account to automatically pay off purchases you charge. “By linking credit and debit accounts and paying with your credit card, you’re able to able to earn more rewards, build credit and enjoy better consumer protection, all worry-free,” they write on their website. “Debx allows you to enjoy the perks of credit with the fiscal discipline of debit.”
Here’s how Debx works:
- Debx is an app you can download to iOS phones only, but an Android version is in the works.
- Debx connects to more than 9,000 banks for checking account data. However, their payment technology is only set up to support payments to American Express, Bank of America, Capital One, Chase, Citi Bank, Discover, HSBC, US Bank, USAA and Wells Fargo.
- The Debx app allows you to seamlessly connect your bank account with your credit cards, then pays off your credit card balances from your checking account with ease.
- Debx monitors your daily credit card spending automatically. Once you use your credit card to make a purchase, the app automatically transfers funds through your credit card company’s existing payment system.
- You can customize the Debx app to automatically pay purchases below a set dollar amount. You can also pause automatic payments based on your checking account balance.
Why Would You Want to Use Debx?
At this point, you may be wondering why you would need to use an app like Debx. You don’t need an app to pay your credit card balances for you, as you can easily log into your online account and pay your bills manually whenever you want.
So, why should you bother signing up?
The benefits of using Debx include:
- Earn consumer protections from credit cards with less risk of overspending. If you’re someone who enjoys credit-related perks such as purchase protection, extended warranties, and guaranteed returns, Debx can afford you these protections with less risk of overspending since your credit purchases are paid automatically.
- Avoid overdraft charges. The fact that Debx links your credit and debit accounts means they can protect you from late fees and penalty fees many banks collect from overdrafts due to auto payments.
- Automatically keep your utilization low. By paying your credit card balances automatically, DebX helps keep your credit utilization low.
- Avoid interest like the plague it is. The DebX app helps you avoid interest fees and the prospect of a huge credit card balance at the end of the month.
- It’s easy to use. Instead of logging into several credit card portals to check and pay off your balances each month, you can pay off any remaining transactions right from the Debx app.
- Set yourself up for success. Debx lets you set up notifications that will alert you when payments are made, bills are due, and rewards are earned.
How is Debx Different from Debitize?
If you’ve used Debitize already, you may be wondering how these two apps are different. While we already recommend Debitize to consumers who want to earn rewards while reducing their risk of overspending, we think Debx may be a better option for some consumers.
Some of the differences between the two apps include:
- Debx is free to use and provides free daily payments. Debitize, on the other hand, makes monthly payments for free. However, Debitize does make daily withdrawals no matter what, so there should be no big difference on your end.
- Debx is easy to join and may require less personal information over all.
- Debx’s True Checking Balance shows users what they really have to spend at any time, by netting out planned payments across all accounts . Debx will allow you to track all your rewards in one place.
If you want to compare the two, make sure to read our Debitize review. We have had a lot of people sign up through Debitize through our link and have gotten good feedback, so you should check it out as well.
Should You Use Debx?
If you’re someone who has been using credit card rewards to your advantage without any problems, then an app like Debx is probably overkill. However, it can make a lot of sense to try out this free app if you’re unsure how you’ll react to using a rewards credit card or are using one for the first time.
Also, Debx can be good for rewards junkies who don’t want to monitor a bunch of different accounts across several banks. Debx lets you watch all your accounts, rewards, and due dates in one place, which could be a huge time-saver for anyone who has credit card accounts all over the place.
If you have questions about Debx.com, make sure to check out their FAQs. And, if you wind up signing up for a free account, make sure to sound off in the comments to let us know how you like it.
Have you ever heard of Debx? Do you want to earn points and miles without all the risks of using credit?