Update 5/18/21: Bonus now 60,000 points.
Safe Credit Union offers the Platinum Rewards credit card, let’s take a look at this card in more detail.
Contents
Card Basics
- Sign up bonus of 60,000 points after $3,000 in spend within the first 90 days
- No annual fee
Our Verdict
SAFE also has a 5% card that lets you pick a category (home improvement, charity, utilities, and movie theaters). I wonder if it’s possible to sign up for this card and then product change it to that card. The annoying thing about this Platinum Rewards card is that we don’t know how much points are worth or what they can be used for.
Hat tip to Astheworldchurnd
Thanks. Was approved for it this week.
60000 points just posted. Thanks for sharing this DoC
how much is 60k pts worth?
Best option I’m seeing is converting 3600 points to a $25 Stockpile gift card (and buying BIL or such). Works out to $416 and change.
Through the travel portal, I am seeing the following rates:
22,963 Points for a $309.99* flight.
* Includes a $15 non-refundable fee for each reservation
Roughly ~$800 in flights at this rate.
Outside CA- provisionally approved for $10k credit line.
Did you join the CU first or just apply straight for the card?
“Geographic Reach: Sacramento, Placer, El Dorado, Yolo, San Joaquin, Contra Costa, Solano, Yuba, Sutter, Butte, Nevada, Alameda, and Amador Counties.”
Accordingto the Terms and Conditions document they use the scorecard rewards platform that a number of CUs use. Points are generally worth 0.5¢ each, but you might find better redemption options.
https://www.scorecardrewards.com/
anyone know the value of these points?
edit: nevermind just read the verdict.
seems the best value you can get is 1c/p via travel.
https://www.nerdwallet.com/article/credit-cards/scorecard-rewards#:~:text=The%20top%20ongoing%20rewards%20rate,effective%20rewards%20rate%20is%201%25.
FYI…looks like this bonus has been reduced to 15k. I was finally getting around to it, snooze you lose.
Thanks
I applied and was tentatively approved on 8/5, with “credit limit up to $20,000”. A few days later I received a letter of denial stating “Does not qualify for membership”.
I live in the Bay Area.
I’m thinking about applying for the card, I live in the Alameda county, I’m thinking of applying over the phone instead of online, that way it could be faster and usually its like a in branch, I feel like they could work around. When I applied for the amex business, I called and just ask questions and its like they don’t want you to get the card, but I applied online and still got the amex business card lol…