BankPlus Cash Rewards Visa: Your Ultimate Cashback Companion

The BankPlus Cash Rewards Visa is an exceptional credit card offered by BankPlus, designed for individuals seeking a robust rewards program coupled with convenient cashback features. This card combines a user-friendly structure with extensive benefits, making it an attractive option for both occasional spenders and heavy users alike. Below, we delve into the numerous features, benefits, and considerations surrounding the BankPlus Cash Rewards Visa.

Card Type

The BankPlus Cash Rewards Visa is primarily categorized as a cashback credit card. Its main draw is its ability to reward users with cashback on everyday purchases, making it an ideal choice for those who prefer to earn tangible rewards that can be easily redeemed.

Annual Fee

One of the standout features of the BankPlus Cash Rewards Visa is its no annual fee structure. This means cardholders can enjoy all the benefits of the card without incurring an additional yearly charge.

Rewards Program

The rewards program of the BankPlus Cash Rewards Visa is particularly appealing, offering 3% cashback on grocery store purchases, 2% cashback on gas, and 1% cashback on all other eligible purchases. Additionally, cashback rewards can be effortlessly redeemed as statement credits, direct deposits, or even gift cards, providing flexibility in how users benefit from their spending.

Sign-Up Bonus

New cardholders are greeted with a generous welcome bonus: earn an additional $150 cashback after spending $500 on purchases within the first three months of account opening. This promotion provides an excellent incentive to kick-start your rewards journey.

APR (Annual Percentage Rate)

The BankPlus Cash Rewards Visa offers a competitive regular APR of 15.99% for purchases, along with an attractive introductory rate of 0% APR for the first 12 months on balance transfers completed within the first 90 days, allowing cardholders a chance to manage their debt with ease.

Foreign Transaction Fees

For frequent travelers, its comforting to note that the BankPlus Cash Rewards Visa charges no foreign transaction fees. This feature allows cardholders to make purchases abroad without worrying about added costs, making it an excellent choice for international travel.

Balance Transfer Options

The card also provides a favorable option for balance transfers. Cardholders can take advantage of the introductory 0% APR on balance transfers for the first 12 months, but it is important to be aware of a nominal balance transfer fee of 3% for each transaction.

Additional Fees

While the BankPlus Cash Rewards Visa is designed to minimize costs, there are some typical fees to consider. This includes a late fee of up to $40 for delinquent payments and a cash advance fee of either $10 or 5% of the amount advanced, whichever is greater.

Card Benefits and Perks

The BankPlus Cash Rewards Visa comes with an array of valuable benefits and perks. Cardholders may enjoy complimentary travel insurance, which covers trip cancellations and interruptions, as well as purchase protection that safeguards new purchases against theft or damage. Additionally, there might be options for extended warranty coverage on eligible purchases.

Customer Protections and Insurance

BankPlus prioritizes security with its customer protections. This includes $0 fraud liability, ensuring you aren’t held responsible for unauthorized charges. Moreover, the card provides rental car insurance, offering peace of mind during travel.

Eligibility and Credit Score Requirements

To qualify for the BankPlus Cash Rewards Visa, applicants typically need a solid credit score in the range of 680 to 740. Additionally, having a steady income and a good payment history will bolster your chances of approval.

Introductory Offers

In addition to its competitive APR and balance transfer offers, the BankPlus Cash Rewards Visa also features potential introductory bonuses that may change from time to time. Always check current promotional offers when applying.

Special Features or Unique Selling Points

What sets the BankPlus Cash Rewards Visa apart from other cashback cards is its versatile cashback structure and bonus categories. This flexibility means that users can earn rewards quickly based not only on everyday purchases but also on specific spending patterns that may align with their lifestyles.

How to Apply

Applying for the BankPlus Cash Rewards Visa is straightforward. Interested individuals can visit the apply today and start earning rewarding benefits!