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The Union Bank Rewards Visa Credit Card has an offer for 10,000 bonus points when you spend $1,000 on purchases within the first three months. According to Union Bank, this introductory offer is worth $100 as statement credit. It’s a sweet deal considering the card doesn’t cost anything to carry. See our list for more reward cards such as the Capital One VentureOne Rewards Credit Card.
The Union Bank Rewards card offers multiple bonus categories on everyday spending, but they’re capped. You’ll earn 5x points on mobile wallet purchases, 3x points on dining, and 2x points on gas and groceries. Once you hit the spending limits, you’ll receive the base rate of 1x points.
Those who are Union Bank customers get a 25% reward bonus when you redeem to a Union Bank checking, savings or money market account, or a 50% reward bonus if you use your points towards your Union Bank mortgage payment.
*Check out Union Bank bonuses for checking & savings accounts.
| Bonus Available | 10,000 bonus points after you spend $1,000 on purchases in the first 3 months from account opening. |
| Bonus Value* | $100 |
| Ongoing Rewards/Benefits | 5 points for every $1 spent on mobile wallet purchases. On up to $6,000 the first year after account opening. 3 points for every $1 spent on restaurant purchases. On up to $6,000 annually. 2 point for every $1 spent on gas and grocery purchases. On up to $6,000 annually. 1 point for every $1 spent on all other purchases. 25% reward bonus when you redeem your points in the form of a deposit to your Union Bank checking, savings or money market account 50% reward bonus when you redeem your points 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
- Relationship bonus
CONS
- Good-Excellent credit needed to qualify
- Capped bonus categories
- Foreign transaction fees
CAPITAL ONE® VENTUREONE® REWARDS CREDIT CARD
The Capital One® VentureOne® Rewards Credit Card has an offer for 20,000 bonus miles after you spend $500 on purchases within 3 months. We value these 20k bonus miles at around $280.
This card has no annual fee. The annual fee version of this card is the Capital One® Venture® Rewards Credit Card, with better features.
The VentureOne Rewards card offers unlimited 1.25X miles on all purchases. You can redeem for statement credits for travel and gift cards. Another option is to transfer miles to airline partners. Read more on this here.
Union Bank Rewards Card 10,000 Bonus Points Offer
Take advantage of the Union Bank Rewards card’s 10,000 bonus points offer. These points are worth $100 as statement credit (more on that later).
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:
What Are Union Bank Rewards Points Worth?
Like many other points-based cards, the value of your rewards depends on how you redeem them:
- Statement credits (standard $0.01 per point)
- Travel (varies)
- Gift cards (varies)
- Merchandise (varies)
If you are a Union Bank accountholder, you have additional redemption options:
- Deposits into a Union Bank checking, savings or money market account ($0.125 per point)
- Principal reduction payments to your Union Bank mortgage account ($0.015 per point)
So 10,000 bonus points are worth:
| Redemption | Bonus Value |
| Statement credit | $100 |
| Union Bank account deposit | $125 |
| Union Bank mortgage payment | $150 |
*Union Bank Rewards points expire on the third anniversary of the date earned.
Bottom Line
The Union Bank 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 this rewards card has caps on its bonus categories, so it’s not ideal for big spenders. If that’s your case, you’ll want to opt for a card with unlimited rewards instead.
What’s The Competition?
Below are some of the top competitors to the Union Bank Rewards Visa credit card you should consider.
CAPITAL ONE® VENTURE® REWARDS CREDIT CARD
The Capital One® Venture® Rewards Credit Card currently earns 100,000 bonus miles when you spend $20,000 on purchases in the first 12 months from account opening. Or if are unable to meet the $20k spending requirement, you can still earn 50,000 bonus miles for spending $3,000 in the first 3 months. These bonus miles are equal to $1000 or $500, respectively, in travel and are easy to redeem as a statement credit towards the cost of your travel purchases. Take advantage of Capital One’s travel partners and these up to 100k miles can be worth around $1400 in value.
This card will earn an ongoing 2 miles for every dollar you spend on all purchases. 100 miles is equal to $1 in travel rewards. If you don’t redeem towards travel purchases, your miles will have less value.
The annual fee is $95.
CHASE SAPPHIRE PREFERRED® CARD
The Chase Sapphire Preferred® Card currently has an offer for 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening.
Redeeming the 60,000 bonus points through the Chase Ultimate Rewards program, which is praised by users, will get you $750 in value towards travel. The 60K bonus points are worth $750 because you get 25% more value whenever you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards.
Even better, strategize with Chase Ultimate Rewards points transfer partners to potentially get even more value. Each point can be worth up to 2 cents apiece (60k points = ~$1,200). Read more on this here.
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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.