To earn cash back, use your Quontic Debit Card on qualifying point of sale (POS) debit card transactions. These transactions must post and settle to the account within each statement cycle to receive 1.00% cash back.
The following activities are not considered POS debit card transactions and do not count toward earning rewards:
- Intentionally creating spending for the sole purpose of generating rewards at little or no cost violates the intent of Quontic’s Cash Reward Checking, and subjects the account to closure.
- ATM – processed transactions;
- transfers between accounts;
- purchases made with debit cards not issued by our bank;
- cash over portions of point-of-sale transactions;
- Peer-to-Peer (P2P) payments (such as Apple Pay Cash*);
- loan payments or account funding made with your debit card and purchases made using third-party payment accounts.
Quontic may close the account for any reason including manufactured spending. Transactions may take one or more business days from the date the transaction was made to post and settle to an account.