There’s a credit card from PCMCU credit union in Wisconsin that offers 5% back on all purchases, on up to $1,000 of purchases – $50 in rewards per month.
Direct Link to thePCMCU MasterCard Platinum Rewards Card
The card has no annual fee the first year; $49 after that. It is possible to get the fee waived if you maintain an active Rewards Savings Program and No Fee Checking account, plus related services including, direct deposit, debit card, free Virtual Branch, and eStatements on all accounts.
The big caveat is that it’s very hard to join the credit union. See ways of joining the credit union here; basically, you have to work for one of a number of companies in the Marinette, WI or Greenbay, WI area. It is slightly more expansive than that since family members of PCMCU members are also eligible to become members. Note, however, that it appears that you’ll have to apply for the card in-branch.
The cashback comes as a statement credit the following month.
It’s obviously not for most of us, but if you are eligible to join the credit union, or you have a family member who is a member of the credit union, it sounds like a card worth picking up.
This card was mentioned today by Reddit member batsy71, and I found it mentioned on Flyertalk a number of months ago.
