How do I earn and redeem cash back rewards on my Baselane debit card?

You earn one percent (1%) cash back rewards, minus refunds or returns, when you, or an authorized user, use your Baselane debit card. Note, virtual cards can also earn the same cash-back incentives as the physical debit card you receive for your Baselane Banking Main Checking account. See here, for more details on virtual cards.

This equates to one cent ($0.01) in cash back rewards for each one dollar ($1) spent.

How do I redeem my cash back rewards?

You may redeem your 1% cash back rewards starting at $10, with no maximum redemption limit. When you elect to redeem your 1% cash back rewards, your funds will generally be deposited into your account instantly. To do so, follow the steps below:

• Go to the Baselane Banking tab
• In the ‘Summary’ field at the top-left, you will see the ‘Total Balance’, ‘Current APY’, and ‘Available Cash Back’
• Under the ‘Available Cash Back, select the blue ‘Redeem’ button
• Select which bank Checking account you’d like to redeem the funds into, input the amount of available cash back you’d like to redeem
  • Please note that you cannot redeem your cash-back funds into a Savings account
• Select the blue ‘Redeem Cash Back’ button at the bottom of the page to complete this

Please note that 1% cash back rewards may not show up in your redeemable balance until one business day after the transaction has posted (transactions can remain in a 'pending' state while being processed). To view the cash back agreement click here.