Rocket Card: how it works and what are the advantages

The Rocket Card is the Rocket Money card that promises to help you achieve an important asset: your own home.

Receiving cashback to buy products and receive discounts and services is good, but using points to reduce the outstanding balance on a mortgage is even better, and with this card it is possible.

Therefore, if you want to sign up for a credit card that really offers financial advantages, continue reading to find out about this proposal!

Rocket Card: discover the Rocket Money card in partnership with Visa Signature

You are probably already familiar with Rocket Money’s services, after all, this is one of the most famous financial control platforms on the market.

The good news is that the company now also offers credit options, and today we’ll talk about the Rocket Card, the card launched in partnership with Visa Signature.

One of the first things done by those who want to save is precisely to cut off their credit cards, after all, avoiding expenses and fees is essential for this purpose. So, how could this card help?

The big difference with the Rocket Card is that it offers the customer the opportunity to accumulate points and exchange them for something really important: purchasing a property with Rocket Mortgage.

If you don’t have money for the down payment on a mortgage, with this card you can use points to receive back up to 5% of the total cost, which helps you pay the down payment. 

If you already need to reduce interest on your financing, with card points you can reduce 2% of interest on each spend.

Also read: Can the bank remove the credit card limit? Find out now! – valuedyou.com.

What are the advantages of the Rocket Visa Signature Card?

In the previous topic you learned about the Rocket Card’s main proposal, and as we have seen, this is the ideal card for those who want to facilitate access and reduce mortgage costs.

This is because each purchase made with the card earns points (5 Rocket Rewards for every $1 spent), and these can be exchanged for discounts on interest, or converted into a deposit balance.

Below we will see other advantages of this proposal. Check it out!

Rocket Rewards: Earn points for spending

If you already use cards with a points system, you probably won’t be so excited about the proposal, since most offers of this type do not offer points on any type of purchase.

But, with the Rocket Card you earn points for any expenditure with the card, whether buying bread for breakfast or filling up the car.

Each purchase earns 5 points for every dollar spent, so it’s much simpler to accumulate the number needed to exchange for Rocket Mortgage mortgage discounts. So the dream of owning your own home comes closer to you!

Rocket Money Management 

If you are a user of the Rocket Money app, you probably value the easy management of your finances.

The good news is that the Rocket Card is also managed through the app, so you can centralize all your financial information.

Pay the invoice through the app, check the points earned and redeem them there, without bureaucracy or headaches. 

The advantage of doing everything through Rocket Money is that you know exactly the impact of using the card on your finances, which favors control.

++Rocket Money: how the app that helps you manage your finances works – valuedyou.com.

Rewards with Rocket Mortgage

This is the main benefit of the card and we have already talked a little about it, but it is worth reinforcing.

With the Rocket Card you accumulate points for each purchase you make, and you can exchange them in two ways:

• Convert points into up to 5% cashback towards your mortgage down payment.
• For each purchase made, use 2% of the points acquired to deduct interest on the contract.

The idea of ​​these benefits is to facilitate access to real estate financing for those who do not have the down payment, or wish to avoid interest.

Visa Signature Benefits 

The Visa Signature brand is one of the company’s most advantageous, and by subscribing to the Rocket Card you can enjoy all the benefits.

Among the main ones, we have:

Protection against theft and damage to your cell phone up to $750;

Double extended warranty for purchases made with the card;

Piracy Protection: receive coverage up to $10,000 if you mistakenly purchase stolen or counterfeit items.

If you frequently shop online, Visa Signature benefits help ensure safe and positive experiences.

Does the Rocket Card have an annual fee?

The Rocket Card has an annual fee of $95, but if you take out a mortgage through Rocket Mortgage you can receive a discount on this fee.

Who can request it?

As we have seen throughout today’s content, Rocket Card’s central proposal is for customers who want to save on mortgages.

However, it is important to say that the request is not restricted to Rocket Mortgage customers, so if you do not want to buy a property at this time, you can request yours normally.

In this case, the points acquired will be exchanged for discounts on your card bill, and, from the moment you want to take out the mortgage, you will be able to use your points balance for this purpose.

It is worth mentioning that this card is released upon credit analysis, so approval is not guaranteed for all Rocket Money customers.

In any case, if you are interested in the proposal, go to the Rocket Money website and request your card. If you are approved, you will have a good reason to celebrate!

For more information, visit: Rocket Visa Signature Card (myrocket.com).