The Offer
Direct link to offer (must have received e-mail)
- First Tech Federal Credit Union is offering 40,000 points (worth $400 in statement credit) when you spend $3,000 within the first 60 days. Must accept by July 19, 2024
Card Details
- No annual fee
- Card earns at the following rates:
- 2 points for every $1 you spend on everyday items like gas and groceries
- 1 point for every $1 you spend on all other purchases
Our Verdict
A lot of readers have been targeted due to the previous checking bonuses that were offered. Good deal that is worth doing if you’re targeted.
Hat tip to Gadget – Bank Bonus Geek
They sent me this offer in the mail even though I already have this exact card and never use it. At first I thought it must be a higher-tier card than what I have, but no. Any idea if this pre-approval is legit? I’d hate to get denied when I literally only want the bonus.
As an update, I finally received my full 40k reward point bonus this week (equivalent to $400). I’d received the first 20k points back in December shortly after completing the $3k spend requirement, so I took them two more statement cycles — and at least as many phone calls! — but eventually they issued the remaining 20k points.
Pro tip: As always, be sure to redeem your rewards into a FTFCU deposit account (e.g., the Membership Savings), as opposed to via statement credit. The former takes a couple of business days, the latter up to two months.
So P2 got another snail mail offer to apply for a second card for the 40,000 points offer.
I am not sure if I did not notice it before, or if it’s a new feature. But one of the perks is $5 credit for lyft rides, 3 each month. To me this reads 3 $5 credits per month for lyft. Has anyone seen this or tried to use this perk? There’s not much info beyond this.
They have the summer spending offer this year. “Use your card at merchants in qualified travel, summer spending and back-to-school categories between June 26 and October 5, 2025” Not bad for 5% in many categories.
I just received the offer in snail mail. Is there any DP on bank funding with this card? It would be hard for me to spend $3000 in 60 days without giving up higher cash back from other cards.
I didn’t end up funding any bank accounts. Their interface for checking on your points earning sucks, and I didn’t trust it to count those transactions, or not be a cash advance.
Every purchase I did was at least 1x points:
Grocery, Wal-Mart Neighborhood Market, and Best Buy were 2x.
Paying util bills, paying local taxes, Home Depot, restaurants, EZ Pass online were 1x.
I did find one DP for you though, from 2021.
Kevin V
https://www.doctorofcredit.com/does-funding-a-bank-account-with-a-credit-card-count-as-a-purchase-or-cash-advance/#comment-1124879
Thank you Gadget. Looks like the application process is a pain too. Guess I’m skipping this.
This deal is back. I got a targeted offer that must be accepted by february 28.
Received the 40k offer via email. Applied, instant $10k approval. I did link with Plaid, so that may have been the key to getting approved instantly.
I skipped it when I applied, and approval was not instant… so, maybe.
https://www.doctorofcredit.com/targeted-first-tech-federal-credit-union-choice-rewards-world-mastercard-400-bonus/#comment-1877184
I went to Rewards section and I can get a
BRAVIA XR 77inch OLED 4K HDR TV
For 527,656 points.
Looks like a bargain. How much should I spend to get 530K points assuming a 1.5 points per dollar spent ?
Rewards are all 1pt/$, except for gas and grocery at 2pts/$… I’m not sure what your car collection looks like, but as soon as you spend $263,828 in gas, that TV will be all yours!
Hey !
Nice so :
Assuming I have a credit limit of $1000/month and really do want this TV, the car does 30mpg at $3/gallon. I will have to drive 10,000 miles per month. So I have to drive for 263 months so 22 years total. Assuming also that the average US gas goes to 120,000 miles average, I will have to buy a total of 26 cars and fully use them to be able to have this TV.
I am wondering in 26 years if I will need this TV.
I completed the $3k spend requirement last week, and received my first 20k points today after the first statement closed. I redeemed them to the Membership Savings, like I did for the cash back points last week, which took 2 business days to post.
Has anyone tried bank account funding with this card yet?
Signed up successfully this week — too hard to resist! My credit card #8 since I returned to the US in late August and #42 since I started “collecting” a few years back.
Note 1: For those who received the $425 offer both via email and snail-mail, I did accept the latter. If you read carefully, the language for the $25 portion is slightly different, as the snail-mail version allows to be enrolled in automatic payments for the first three cycles without explicitly requiring a purchase.
Note 2: My card has reported to the bureaus right away, even though I have to receive it in the mail and activate it (certainly not a first, but a fairly uncommon occurrence).