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Sunmark FCU- 3x/$ Debit Cards reward

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Contributor

Sunmark FCU- 3x/$ Debit Cards reward

Today I came across Sunmark FCU Debit Card program where one can earn 2 points/$ & 3 points/$ if they spend > 10,000$/yr.

 

From the debit card rewards site, it seems the reward points can be redeemed for minimum of 25$ amazon gift cards or upto 100$ Amazon gift cards or 250$ Mastercard gift cards. However, the site does not clarify, how many points are needed to redeem the gift cards, so IT's NOT CLEAR YET IF 1 POINT = 1 CENT.

 

Since many of us here, use Plastiq to pay bills and mortgages, Plastiq charges a 1% fee on debit cards, so these debit cards could give a ~1% discount (or 2% if spend > 10k$) on mortgage and other bills paid via plastiq if each point is equal to 1 cent.

 

So, in short, does anybody know 

1) what is the $ value of the points earned in Sunmark FCU Debit card rewards?

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Moderator Emeritus

Re: Sunmark FCU- 3x/$ Debit Cards reward

Will note it's not clear what qualifying purchases are either.  Doesn't look like a nation-wide accessible CU regardless?

 

If you are qualified, go guinea pig Smiley Happy




        
Message 2 of 3
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Contributor

Re: Sunmark FCU- 3x/$ Debit Cards reward

In case, anyone is still curious,

 

The CU has a chat option with member services rep and so i asked. The points earned are valued at 0.2 cents when redeeming for gift cards. So even with 3 points/$ earned, one is earning at most 0.6% cash back which is a pretty bad rate.

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