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The Union Bank Cashback Rewards Visa Credit Card has an offer for $100 bonus cash when you spend $1,000 within the first three months. Although not the best welcome offer out there, it’s a generous one for a no-annual-fee card. The Chase Freedom Unlimited® also comes with no annual fee.
The Union Bank Cashback Rewards card is a simple, no-frills credit card that offers an unlimited flat rate of 1.5% cash back on all your purchases. Those who are Union Bank customers get a 25% reward bonus when you redeem to a Union Bank deposit account, or a 50% reward bonus if you use your cash back towards a Union Bank mortgage payment.
Looking for more bang for your buck? Consider the Union Bank Rewards Visa card. It’s a better fit for those who tend to spend moderately via mobile wallet and on dining, gas and groceries.
*Check out Union Bank bonuses for checking & savings accounts.
| Bonus Available | Get $100 bonus cash when you spend $1,000 in purchases in the first 3 months from account opening. |
| Bonus Value* | $100 |
| Ongoing Rewards/Benefits | Earn unlimited 1.5% cash back for every $1 spent on purchases. 25% reward bonus when you redeem rewards into your Union Bank checking, savings or money market account. 50% reward bonus when you redeem rewards as a principal reduction payment to your Union Bank mortgage. |
| Foreign Transaction Fees? | 3% |
| Annual Fee | $0 |
*Bonus value is an estimated value calculated by MoneysMyLife and not the card issuer. Read our card review for more details.
View our latest valuations here.
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PROS
- No annual fee
- Welcome bonus
- Unlimited rewards
- Relationship bonus
CONS
- Good-Excellent credit needed to qualify
- Foreign transaction fees
CHASE FREEDOM UNLIMITED®
The Chase Freedom Unlimited® credit card has an offer for $200 bonus cash after you spend $500 on purchases in your first 3 months from account opening.
This card also earns 5% on travel purchased through Chase, 3% on dining at restaurants and drugstores, and 1.5% on all other purchases.
The Chase Freedom Unlimited® earns Ultimate Rewards points. Points can be pooled with those from other eligible Chase cards, such as the Chase Sapphire Preferred® Card, Chase Sapphire Reserve® and Ink Business Preferred® Credit Card. More on this here.
Union Bank Cashback Rewards Card $100 Bonus Cash Offer
Take advantage of the Union Bank Cashback Rewards card’s $100 bonus cash offer. To qualify, charge at least $1,000 to your card within the first three months of opening your account.
Here are some ideas on meeting the spending requirement:
Redeeming Union Bank Cashback Rewards
The value of your rewards depends on your redemption options. When it comes time to redeem your Union Bank cashback rewards, you have a couple options:
- Statement credits to your card account, or
- Deposits into a non-Union Bank checking or savings account.
If you’re a Union Bank customer, you have additional redemption options with reward bonuses:
- Deposits into a Union Bank checking, savings or money market account (25% bonus)
- Principal reduction payments to your Union Bank mortgage account (50% bonus)
So your $100 welcome bonus could actually be worth:
| Redemption | Bonus Value |
| Statement credit | $100 |
| Non-Union Bank account deposit | $100 |
| Union Bank account deposit | $125 |
| Union Bank mortgage payment | $150 |
*Union Bank cashback rewards do not expire.
Bottom Line
The Union Bank Cashback Rewards card is a solid choice if you already have a relationship with Union Bank, especially if you took out a mortgage with the issuer. But you could earn more rewards – if you’re a moderate spender – with the Union Bank Rewards Visa card. It has bonuses for mobile wallet, restaurant, gas station and grocery store purchases.
What’s The Competition?
Below are some of the top competitors to the Union Bank Cashback Rewards Visa credit card you should consider.
CHASE FREEDOM FLEX℠
The Chase Freedom Flex℠ credit card is going to earn you a $200 bonus after you spend $500 on purchases in the first 3 months from account opening. The welcome bonus comes in the form of 20,000 Ultimate Rewards points. This card has no annual fee.
This card earns 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate (new categories each quarter). Travel purchased through Chase also earns 5%.
This card earns Ultimate Rewards (UR) points and is a popular option for a multi Chase card strategy. You can pool points together with consumer cards like the Chase Sapphire Preferred® Card and Chase Sapphire Reserve®. Or, with a business card like the Ink Business Preferred® Credit Card. The 20,000 UR points could be worth around $400 with this strategy, rather than the standard $200. Read more on this here.
CAPITAL ONE® QUICKSILVER® CASH REWARDS CREDIT CARD
The Capital One® Quicksilver® Cash Rewards Credit Card will earn a $200 bonus when you spend $500 on purchases within the first 3 months. The bonus offer is comparable to its top competitors, but this card earns a respectable 1.5% cash back on every purchase with no limit on how much you can earn. There are no spending categories to keep up with and the cash back won’t expire while the account is open.
People like this card because of the cash back rate, the flexibility to redeem your cash back for any amount, and there’s no annual fee.
| OFFER LINK | OFFER | OUR REVIEW |
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Editorial Disclaimer: Opinions expressed here are author's alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.
Disclaimer: These responses are not provided or commissioned by the bank advertiser, credit card issuer, hotel, airline or other entity. Responses have not been reviewed, approved or otherwise endorsed by any of the entities included within the post. It is not the bank advertiser's or any other entity's responsibility to ensure all posts and/or questions are answered.