Point Card Review

Who is the Point Card for?

The Point Card is a great option for people looking to use a debit card that offers rewards much like a credit card. The Point Card helps cardholders adjust to spending through a card without having to worry about interest rates or debt. Potential cardholders can register for the Point Card through the mobile app and enjoy flexible banking, strong cash back rewards, and no annoying fees. 

The Point Card also works seamlessly with the Point app to give cardholders easy access to purchase notifications, account management, and rewards tracking. If flexibility is something you want in a card, look no further than the Point Card.

No Fees

A great feature of the Point Card is that it has no monthly fees and foreign transaction fees. Since the Point Card is run through Mastercard, cardholders can shop around the world without having to worry about their card being declined. This card also doesn’t come with an overdraft see, so cardholders aren’t punished for spending more than their balance. For frequent travelers and regular shoppers alike, the lack of fees accompanying the Point Card is a strong reason to use the card.

Rewards

The Point Card offers a variety of rewards for cardholders to earn. At select subscription services like Netflix and Spotify, cardholders earn 7x points per dollar on their purchases. For transportation and food delivery, Point rewards 3x points per dollar on purchases. So, cardholders can Uber back from a concert and order Postmates for dinner, all while being rewarded heavily for their purchases. Lastly, cardholders earn 2x points on select dining, travel, and charities. With all of these rewards, cardholders are generously rewarded for being active shoppers.

While it may seem hard to keep track of the various categories in which you can earn points, the Point app simplifies this by providing instant notifications of rewards points after making a purchase. So, if you buy a drink from Starbucks, the Point app will notify you that you earned 4x points on your purchase. 

Unlike many other credit card rewards programs, the points earned through the Point Card cannot be for gift cards or merchandise. Instead, points can only be redeemed for cash back.

Benefits

The Point Card also works with Apple Pay, so current users of Apple Pay can integrate the Point Card into their virtual wallet. This means that the Point Card is more accessible than ever for cardholders to use.

Cardholders can also load cash at any time with the Point Card by going to a MoneyPass ATM location anywhere across the country. So, while Point may be a virtual banking program, it still enables customers to have easy access to cash if they need it.

Services and Protections

As part of its security features, Point allows cardholders to freeze card activity at any time within the mobile app. So, if you suspect your card information has been stolen, you can easily prevent any fraudulent activity from occurring in a few taps. 

The Point Card also comes with a 24/7 fraud monitoring program that uses computer algorithms to detect any suspicious activity on the card. Cardholders are notified immediately if the program flags a purchase. If any fraudulent purchases occur, cardmembers are also protected by Point’s Zero Liability Policy, which means that cardholders don’t lose a dime on any illegal activity.

Cautions

While this card does come with a decent rewards program, this rewards program is not very extensive. Many coffee shops, restaurants, and subscription services are not covered by the rewards program. Below is a list of accepted merchants that qualify for Point’s rewards program:

• Coffee Shops: Blue Bottle Coffee, Philz Coffee, Starbucks, Colombe, Intelligentsia, Peet’s Coffee, Stumptown
• Transportation: Uber, Lyft, New York City Transit
• Dining: Chipotle, Sweetgreen, In-N-Out, Shake Shack, Chik-fil-A
• Food Delivery: Uber Eats, Caviar, Doordash, Grubhub, Postmates, Seamless
• Travel: Airbnb, Hotel Tonight, Hipcamp
• Subscriptions: Netflix, Spotify, Headspace, Calm
• Charity: WWF, American Red Cross

Conclusion

The Point Card is ideal for new card owners looking for a flexible way to bank. With just a few taps, cardholders can monitor their spending habits and freeze any suspicious card activity. In conjunction with no monthly fees, no foreign transaction fees, and no overdraft fees, the Oxygen Visa Debit Card’s rewards program allows cardholders to save money on common purchases. For anyone looking to use a debit card with the rewards program of a credit card, the Point Card is a great option to consider.