BankMobile Credit Rewards Mastercard Review

Who is the BankMobile Credit Mastercard for?

The BankMobile Credit Rewards Mastercard is a free rewards card that is attainable for people with good credit scores. The card also comes with a series of benefits such as chip technology and ID theft protection.

This card is not great for the international traveler as the foreign transaction fee is anywhere from 0% - 3%.

We recommend this card for people with solid credit scores, who are looking for a variety of rewards and who do not want to pay an annual fee for ownership.

No Signup Bonus

The BankMobile Credit Rewards Mastercard does not offer a signup bonus. Many other rewards credit cards will try to entice people to use their cards by offering bonus rewards after you reach a certain threshold. However, this card relies on it's $0 annual fee and rewards system to gain cardholders.

Rewards System

This card does have a rewards system through ScoreCard Rewards. However, you must be a member of ScoreCard Rewards to see their current rewards offerings, so it is hard to compare it to other rewards systems. These rewards points can be redeemed for merchandise, travel, or other experiences.

They have top name brand items, vacation options, valuable services, and other once in a lifetime experiences. 

ScoreCard Rewards constantly changes its rewards system in order to give cardholders the best and trendiest rewards. The BankMobile Credit Rewards Mastercard has a changing rewards system, which will allow you to research and find the items that you want to redeem your points on.

Other Benefits

This card offers Mastercard ID Theft Protection. If Mastercard believes you are a victim of identity theft, they will send you alerts by monitoring the deep web.

You also will be able to use digital wallets on your phone to pay with Google Pay, Apple Pay, or Samsung Pay. Easily complete transactions online after you store your credit card information. This card also offers EMV chip technology, which provides an extra layer of protection whenever you make a purchase.

Help the environment by receiving all of your billing statements online. BankMobile offers eco-friendly, paperless statements allowing you to pay easily while saving the environment.

Finally, if you lose your card, you can quickly get a new card with emergency card replacement services. Never worry about being without a credit card, as you will quickly be sent a new one if your card is lost or stolen.

No Annual Fee

The BankMobile Credit Rewards Card’s greatest attribute is that it does not have an annual fee. For people who want a rewards credit card at no annual cost, this is a viable option. However, if you want greater rewards and benefits, there may be better cards to consider.

Other Fees

This card is not meant for people who travel internationally as there is a foreign transaction varying from 0% - 3%. We recommend that you pair this card with a different travel card that eliminates the foreign transaction fee completely.

Also, this card has fees for people who are not prompt with their payments. For return payments and late payments, you will be charged up to $38, so it is crucial for cardholders to pay off their credit card bills responsibly.

Conclusion

The BankMobile Credit Rewards Mastercard is a solid rewards card option for people who are not looking to pay an annual fee. The rewards you are able to redeem vary so that you will have access to the newest and greatest rewards. However, if you are a frequent international traveler or someone who wants a greater rewards system, then there may be better cards for you to choose from.