Update 7/7/19: Deal is back and valid until August 31st, 2019. Hat tip to reader Cody
America’s Christian Credit Union is offering a bonus of up to 62,500 when you open a new Visa Signature credit card. Let’s take a look at this card in more detail.
The Basics
- Sign up bonus of 62,500 points is broken down as follows:
- Receive 10,000 bonus rewards points upon card issuance
- Receive 2,500 bonus rewards points on first transaction
- Receive 50,000 bonus rewards points if you spend $3,000 in the first 90 days
- No annual fee
- Card earns at the following rates:
- Earn 1.25 points per $1 spent on purchases
- Earn 2.50 points per $1 spent at charitable organizations
- 0% introductory APR on purchases and balance transfers for the first six months
- A portion of every purchase is also directed to ministries (isn’t clear what percentage). Slightly more information here.
- $3 fee is charged if you receive paper statements
How Much Are Points Worth
This page shows that the points earned are actually CUREWARDS points. I believe points are worth 1¢ each when redeeming for statement credit, although you need to redeem a minimum of 5,000 points at a time. The points earned are CU Rewards points, these can be redeemed for flights. I know you used to be able to get additional value on flights (more on that here) but I don’t think that’s available anymore.
Becoming A Member
Membership is restricted and you need to complete a statement of faith to be able to join. Full details here. Primarily, churches, ministries, and schools aligned with Wesleyan Christian doctrine and their ministers, employees, members/attendees, officers, teachers, students, and others associated with these organizations qualify for membership.
Our Verdict
This isn’t the first time we covered America’s Credit Union, they also offer a 4% APY 1 year CD to new members as well that is worth considering. This credit card bonus looks great, seems to be $625 in cash value for only $3,000 in spend. The downside is the restrictive membership requirements. If you are eligible it’s definitely a card worth at least considering. I know some readers will find the restrictive membership unfair, but unfortunately that’s life. Let’s try to keep the comments for discussing the actual deal, rather than the membership requirements themselves.
Hat tip to leftysidewinder
