How do Debit Card Cash Back rewards work?
How do Debit Card Cash Back rewards work?
Last Updated June 17, 2025 less than a minute read
In January, you receive a Direct Deposit into your LevelUp Checking account. You use your Happen Bank debit card to spend $200 at gas stations, $560 at grocery stores, and $40 at a pharmacy, for a total of $800 for the month. In February, you will see $8.00 ($800 x 1%) in cash back credited to your LevelUp Checking account.
Additional Introducing LevelUp Checking FAQ
- Which loans are considered personal loans for Loan Payment Cash Back?
- How do Loan Payment Rewards work?
- What MCC codes are eligible for Debit Card Rewards?
- What’s an MCC?
- When will I see my Debit Card rewards?
- Where do I track my Debit Card rewards?
- How do I earn 2% Loan Payment Cash Back with a LevelUp Checking account?
- I'm not a Happen Bank member. How can I open an account?
- How do I earn 2% Loan Payment Cash Back with my LevelUp Checking account?
- How do I earn 1% Debit Card Cash Back with a LevelUp Checking account?
- Do I earn more cash back if I pay more than the amount due?
- Do I earn any cash back if I pay part of my monthly payment amount?
- Is there a limit to how much you can earn through our Debit Card Cash Back program each year?
- Do LevelUp Checking Rewards get deposited directly into my LevelUp Checking account?
Calculate your LevelUp Savings
Starting balance
$25,000
Contribution Amount
How long do you plan on saving?
Years
Months
Annual Percentage Yield
Contribution frequency
Weekly
Bi weekly
Monthly
You could have
$47,100
in your deposit account in
5 years, based on your inputs.
Savings breakdown updated. Bar chart showing Initial deposit 25000 and Total contribution 15000 and Dividends earned 7100
Savings breakdown
$60K$60K$40K$40K$20K$20K$0$0
Initial deposit
Total contribution
Dividends earned
Initial deposit data points: Point 1: 25000. Total contribution data points: Point 1: 15000. Dividends earned data points: Point 1: 7100
Disclosure
Calculators are provided for illustrative purposes only. The results of the savings calculator are determined based on your input values. The results vary based on any changes to the input values. The savings calculator results are, in part, determined by the Annual Percentage Yield (APY) input. The APY is consistent with the current rate offered by Happen Bank. Rates are variable and subject to change at any time. Fees may reduce earnings on account. With the minimum deposit you will earn the LevelUp rate, otherwise you will earn the standard rate. For more details about LevelUp Savings see Product Terms and Conditions.