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Dec 30, 2023 9:00 am
No, you cannot use a Cash App card (Cash Card) exactly like a credit card. Here's why:
- Cash App Card is a debit card: It draws funds directly from your Cash App balance, similar to a traditional debit card. Credit cards, on the other hand, borrow money from a credit line that you need to repay later with interest.
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- Limited functionality: You can't use the Cash App card for everything a credit card can do, like booking car rentals or hotels.
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- No credit building: Using a Cash App card doesn't help build your credit score, while responsible credit card use can positively impact it.
However, there are some similarities between the two:
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- Accepted widely: You can use the Cash App card wherever Visa debit cards are accepted, which is most places.
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- Online purchases: You can use it for online purchases just like a credit card.
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- Limited cash advances: While not a typical feature, some Cash App Cash Cards offer limited cash advances at ATMs, like credit cards.
In short, the Cash App card is a great way to spend money you already have in your Cash App balance, but it doesn't offer the same functionality or credit-building benefits as a credit card.
Here are some other things to keep in mind:
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- Cash App doesn't currently offer its own credit card.
- You can link your credit card to Cash App to send money or pay bills, but that's not the same as using the Cash App card itself.
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