Does Cash App Have a Credit Card?

Here's the latest on whether you'll find a credit card among Cash App's many financial products.

Cash App got its start as a payments app, allowing users to instantly send and receive money. Since then, it has added several other useful features. In addition to sending money, you can also use Cash App to buy Bitcoin (BTC), invest in stocks, and even file your taxes free of charge. If you've been looking for a Cash App credit card, here's what you need to know.

Does Cash App have a credit card?

Cash App doesn't currently have a credit card. There is the possibility it decides to launch one in the future, especially considering how much it has expanded its offerings over the years. Also, other popular payment apps have launched their own credit cards. PayPal and Venmo both offer credit card products, so it wouldn't be a surprise to see Cash App do the same.

If you're open to a debit card, Cash App does offer one of those. It's called the Cash Card, and you can get it in the app.

How the Cash Card works

The Cash Card is a Visa debit card. You can use it to pay for purchases online and in stores using your Cash App balance.

Since it's a debit card, you can use it to get money at ATMs. Cash App provides unlimited free withdrawals at in-network ATMs and one reimbursed out-of-network withdrawal per 31 days, if you get $300 or more in paychecks directly deposited to Cash App per calendar month. There is an ATM withdrawal limit of $1,000 per day, per transaction, and per week.

There are also some spending limits on the Cash Card. The current limits, according to the Cash App site, are:

• $7,000 per day and per transaction
• $10,000 per week
• $15,000 per month

As far as benefits are concerned, the Cash Card doesn't offer much that's outside the norm. The best feature is its Boosts. These are discount offers available for merchants and spending categories. For example, a Boost may offer $5 off one Lyft ride or $1 off at coffee shops. Add the Boost to your Cash Card through the app, and you'll get the discount on your purchase.

Another feature of the Cash Card is that it's customizable. You start by choosing a card style in the app. Styles range from black or white plastic cards, which are free, to metal cards that cost $50. Once you've chosen a style, you can customize it by adding graphics or drawing on it in the app.

Look elsewhere for credit card and banking services

Cash App is great as a payments app. If you want to pay your friend for your share of dinner, then Cash App works well for that. Some of its other features are useful, too, with Cash App Taxes being one such example.

But it's not the best idea to use Cash App as your one-stop financial shop. For one thing, it doesn't have a credit card, so you're out of luck there. Even if it did, credit cards offered by payment apps can be hit or miss. The top credit cards often provide better perks, such as more rewards and bigger bonus offers.

You could theoretically use Cash App for banking. It offers the Cash Card and recently introduced a Savings feature. However, there's no mention of its Savings option earning any interest. That's a huge drawback. Savings rates have been getting higher and higher, and many high-yield savings accounts offer APYs of 3.50% or more. If you keep your savings on Cash App where you're getting 0%, you're losing money.

It makes more sense to put your money in a quality savings account with a competitive interest rate. As far as credit cards go, there are lots of excellent options out there. Cash App supports just about all of them, so if you want to use your credit card there, that won't be a problem.