Quorum Report Newsclips Houston Chronicle - September 12, 2022

H-E-B offers cash back, no monthly payments on new store debit card program

H-E-B has launched a new debit-card program, offering 5 percent cash back on all H-E-B products, free cash withdrawals and no monthly fees. The program's cash back applies to purchases made online or in store of H-E-B owned brands, such as Hill Country Fare, Meal Simple and Cocinaware. After purchasing, customers will automatically get the 5 percent cash back deposited back into their H-E-B debit account, according to the company.

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The card can also be used anywhere where Mastercard is accepted, H-E-B said in its announcement. There are no monthly fees or overdraft fees on the card, according to H-E-B, and the card will also offer free cash withdrawals at H-E-B ATMs and up to 6 percent interest rate on savings account balances up to $2,000, at which point it changes to 0.5 percent. Users can manage the money in their H-E-B debit card by linking their current bank address, setting up direct deposit payments or downloading the H-E-B Debit app.

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