FYI: I just found out after browsing more on their rewards website that the BEFCU VISA card as low as 4.99% F actually does offer cashback rewards options. I hadn't noticed that option earlier as the rewards site can sometimes be a bit of a bear to navigate through, lol.
There appear to be 3 main options for cashback:
(1) for 2,000 points: $10.00 CashBack via Check
(2) for 5,000 points: $25.00 CashBack via Check
(3) for 10,000 points: $70.00 CashBack via Check
I am admittedly no super-whiz when it comes to math, but since the cashback options listed above are not 1-to-1 ratios or close to that, is it correct to say that there are other cashback cards out there that may have more favorable cashback values/percentages/ratios?
@Anonymous wrote:It looks as if membership is limited to employees of 18 small businesses within a specific geographic area, is that correct?
That's what I had initially assumed as well, and/or that membership eligibility was limited geographically to persons living in California, but I was able to successfully app for the card (while living near DC) over the phone. I'm not 100% sure if it makes a difference or not for others who might be interested in applying for the card, but I specifically applied for the card before I joined the CU -- I joined the CU only after officially getting approved for the card. So apparently there may be no current geographical restriction AFAIK?