topic CFCU Pay Me Checking in Personal Finance

CFCU Pay Me Checking

dukembams — Fri, 03 Jan 2025 16:13:32 GMT

This was my 1st full month with my local credit union's, Communication Federal Credit Union, Pay Me Checking Account.

We made 111 debit card transactions and the rewards amount was $11.10 which is not too shabby.

Re: CFCU Pay Me Checking

FicoMike0 — Fri, 03 Jan 2025 17:45:12 GMT

Wow that's a lot of transactions!

Re: CFCU Pay Me Checking

dukembams — Fri, 03 Jan 2025 18:34:04 GMT

When you have 5 kids under 7 with (2) of them in diapers/pull ups, you have a ton of transactions. 😝

Re: CFCU Pay Me Checking

ptatohed — Sat, 04 Jan 2025 02:21:45 GMT

Without going to their website, what is Pay Me Checking? I'm guessing they pay you 10c per transaction?

Just imagine, that $11.10 you earned could have been $55.50 with primis' 50c per transaction!!!

Re: CFCU Pay Me Checking

dukembams — Sat, 04 Jan 2025 02:47:25 GMT

@ptatohed that is correct. It is $0.10 per transaction.

A couple more perks are that they reimburse up to $10 in ATM fees per month, member of Co-Op Shared Branching, no FTF.

I have tried to get a Primis Account but when I login to continue my application, it logs me out, and I repeat the process over and over. It is weird.

Re: CFCU Pay Me Checking

ElvisCaprice — Sat, 04 Jan 2025 09:39:59 GMT

For how much the 111 transactions? If you used a CC with say 4%, what would you have saved instead?

Re: CFCU Pay Me Checking

kremonis — Tue, 07 Jan 2025 15:36:01 GMT

@dukembams wrote:
This was my 1st full month with my local credit union's, Communication Federal Credit Union, Pay Me Checking Account.

We made 111 debit card transactions and the rewards amount was $11.10 which is not too shabby.

@dukembams

I am curious. Is a there a reason you choose use this cash back debit card as opposed to a cash back credit card?

Re: CFCU Pay Me Checking

dukembams — Fri, 10 Jan 2025 02:01:33 GMT

@kremonis I have student loans and a mortgage. No other debt. While I figure I could pay it off monthly, I just would rather not have the "temptation" of over using it. With the debit card, there is no overspending it. It has worked well for us, fortunately. 🙂