Comerica Cash Rewards Mastercard: Your Ultimate Guide

The Comerica Cash Rewards Mastercard is an exceptional credit card offered by Comerica Bank, tailored for individuals looking to maximize their cash back rewards. With its straightforward rewards structure and lack of an annual fee, it stands out in the crowded market of cashback credit cards.

Card Type

The Comerica Cash Rewards Mastercard is primarily a cashback credit card. This card allows users to earn cash back on their everyday purchases, making it an ideal choice for those who appreciate a straightforward rewards program without the complexities often found in other types of credit card rewards.

Annual Fee

One of the most appealing features of the Comerica Cash Rewards Mastercard is that it comes with no annual fee. This means cardholders can enjoy the benefits of cash back rewards without having to pay a yearly cost.

Rewards Program

The Comerica Cash Rewards Mastercard features a generous rewards program, where cardholders earn unlimited 1% cash back on all purchases. Additionally, users can earn 2% cash back on eligible grocery purchases and 3% on eligible dining purchases”two categories you likely spend on frequently. Rewards can be redeemed for cash back, statement credits, or as a direct deposit into a Comerica checking or savings account, making it a versatile option for managing rewards.

Sign-Up Bonus

New cardholders can benefit from a lucrative sign-up bonus. By spending $500 in the first 90 days from account opening, you can earn a $150 cash back bonus. This introductory offer provides a solid incentive for new users looking to maximize their rewards.

APR (Annual Percentage Rate)

The regular APR for the Comerica Cash Rewards Mastercard ranges from 15.24% to 25.24%, depending on creditworthiness. There are also introductory APR offers with 0% for the first 12 months on purchases, which can be advantageous for those planning to make larger purchases soon after getting the card.

Foreign Transaction Fees

For frequent travelers, it’s important to note that the Comerica Cash Rewards Mastercard charges no foreign transaction fees. This feature allows cardholders to use their card without worrying about incurring extra costs while making purchases abroad.

Balance Transfer Options

The card also offers balance transfer options, with an introductory period of 0% APR on balance transfers for the first 12 months. This allows users to consolidate existing debt without accruing interest, although a balance transfer fee of 3% applies. This can be a valuable feature for those looking to manage their credit card debt more effectively.

Additional Fees

Beyond standard costs, users should be aware of an overlimit fee and a cash advance fee, which is either 3% of the amount transferred or a flat $10, whichever is greater. Additionally, late payment fees may apply, so timely payments are essential for maintaining good standing.

Card Benefits and Perks

The Comerica Cash Rewards Mastercard is not just about rewards; it also offers various benefits and perks. Cardholders receive free access to their FICO credit score, assistance in identity theft monitoring, and travel accident insurance. Furthermore, cardholders can enjoy a range of discounts and offers through the Mastercard network.

Customer Protections and Insurance

This card includes robust customer protections such as zero fraud liability, which protects users against unauthorized charges. Additionally, it provides purchase protection for new purchases and rental car insurance, giving users peace of mind when they use their card to rent a vehicle.

Eligibility and Credit Score Requirements

To qualify for the Comerica Cash Rewards Mastercard, applicants typically need a credit score in the range of 650 to 750. Other factors that might influence eligibility include income, existing debt levels, and credit history.

Introductory Offers

In addition to the introductory 0% APR on purchases and balance transfers for the first 12 months, the Comerica Cash Rewards Mastercard’s sign-up bonus further sweetens the deal, making this card highly attractive for new applicants.

Special Features or Unique Selling Points

One notable unique selling point of the Comerica Cash Rewards Mastercard is its straightforward cash back rewards structure, which appeals to those who prefer simplicity over complicated points systems. Plus, it provides flexibility in rewarding options with cash back that can easily be redeemed in ways that suit the user’s financial needs.

How to Apply

If interested in the Comerica Cash Rewards Mastercard, you can apply online through the ‘>Official Website to apply today!