Thu. Aug 18th, 2022

[RIP] Point Rewards Debit Card – Earn 5x/3x/1x

I’m writing to inform you that we are sunsetting the PointCard Neon program by September 23, 2022. More details on the wind-down process, and important deadlines, are below and here. Bringing you the highest quality spending experience has been my singular focus for the past two years; it has been a pleasure to be your trusted partner.

Update 6/16/22: Point has temporarily (?) removed the annual fee on the card:

As of June 8, 2022 we paused our membership fee billing for Neon PointCards. During this pause, you will not accrue any membership fee charges. We will notify all of our members at least 30 days prior before billing is turned on again to give adequate time to add funds to cover the upcoming membership fee.

Update 5/5/22: Costco, whole foods and Walmart are at 5% until 5/8/22

Update 4/4/22: More spend bonuses:

  • 10x on Dunkin today only
  • 20x on Delta, United, American, Southwest and Jet Blue starting Tuesday through 4/10
  • 10x on the big spring Sephora sale today through 4/11

Update 4/1/22: 10x on Nike, Uber Eats, Buffalo Wild Wings until 4/3, Sephora until 4/11, Hulu until 5/2

Update 3/27/22: UberEats 20x today only (ht Davis)

Update 3/24/22: New streak bonus, You can receive 1,000 points if you spend any amount on five consecutive days between 12:01AM PDT 03/23/2022 and 11:59PM PDT 03/30/2022 (excluding funds transfers and restricted MCCs) and the total amount over such five day period is greater than or equal to $50

Update 3/23/22: Some people are getting an offer to refer a friend and each will get $150 ($150+$150 instead of $100+$100). This referral offer can only be used for referring one friend. NO REFERRALS IN THE COMMENTS BELOW, find a friend who you trust has the increased bonus and use that.

Update 3/10/22: 10x back on Airbnb and International Rescue Committee in support of Ukraine until 3/16 each up to 5000 points

Update 3/1/22: 10% back at Target, up to 5,000 points.

Update 2/26/22: New offer is 1% back on direct deposits for March, April and May, up to $50 back per month ($5,000 direct deposit to max it out).

Update 2/22/22: Amazon, Whole Foods, Best Buy & Costco up to 5x on up to $1,000 in spend for each merchant.

Update 2/21/22: 5% back at Walmart, valid until 3/20/22

Update 2/18/22: 100% cashback on Hulu up to $20. Hat tip to reader Davis.

Update 2/12/22: 10x on Verizon, AT&T, and T-Mobile until 3/14/22.

Update 2/6/22: DoorDash is offering 10x points until February 8, 2022. Maximum of $50 back.

Update 1/30/22: Can get 1,000 points ($10) when you split a $20+ purchase with another user:

Ready to Split? First, download the latest version of Point app. Then, you’ll need to create a Point ID.
Inside Point app, navigate to your ‘Account’ screen by tapping on the bottom 4th tab, then your profile photo in the upper right. Next, scroll to ‘Change Username’ and claim your unique Point ID.
Celebrate with 1,000 bonus pts ($10) on your first Split of $20 or more by Mar 31, 2022

Update 1/29/22: 10% back on Apple, up to $50 maximum until 2/3/22

Update 1/10/22: Amazon, Whole Foods & Costco offers have been extended until 2/27/22

Update 12/28/21: Point is offering 2,000 points ($20) when you use your new debit card.

Update 12/19/21: Some new bonus offers:

  • 20x: Italic
  • 15x: Rag & Bone
  • 10x: Amazon, Costco, Trader Joe’s, coffee shops, Trader Joe’s, Shopbob, Uncommon Goods, Huckleberry

Valid until 12/25. Hat tip to reader Davis

Update 12/5/21: Amazon, Whole Foods & Costco offers have been extended until 12/19

Update 12/3/21: Another points break. Receive 3,000 points ($30) if you spend any amount on seven consecutive days before 12/24/21 the total amount over such five day period is greater than or equal to $200. Hat tip to reader Jason J

Update 11/23/21: Receive 3,000 points ($30) if you spend any amount on seven consecutive days between 12:01AM PDT 11/26/2021 and 11:59PM PDT 12/5/2021 (excluding funds transfers and restricted MCCs) and the total amount over such five day period is greater than or equal to $200.

Update 11/23/21: Now offering 10x on Costco, Whole Foods, and Trader Joe’s on up to $500 in spend. Valid until 11/28. Hat tip to FM

Update 11/6/21: Amazon, Whole Foods & Costco deals below have been extended until  12/5/21

Update 11/5/21: Point is now offering 10%/10x on Target, $50 maximum back. Good until 11/14/21. Hat tip to FM

Update 10/27/21: Point is offering double base points through 12/31/21. That means:

  • Earn 10x on subscription purchases
  • Earn 6x on delivery and ride share
  • Earn 2x on all other purchases

Update 10/9/21: 10x back on Airbnb and Hotel Tonight until 10/14/21, up to $50 back. Hat tip to FM

Update 9/28/21: Earn 10x on coffee shops until 10/3/21.

Update 9/26/21: Earn 15x on Uber until 10/3/21.

Update 9/23/21: Receive 3,000 points ($30) if you spend any amount on five consecutive days between 12:01AM PDT 09/23/2021 and 11:59PM PDT 10/2/2021 (excluding funds transfers and restricted MCCs) and the total amount over such five day period is greater than or equal to $200.

Update 8/23/21: Amazon, Whole Foods & Costco deals below have been extended until  10/17

Update 9/8/21: Now offering 15x on DoorDash purchases until 9/12/21. Hat tip to FM

Update 9/2/21: You can receive 3,000 points if you spend any amount on five consecutive days until 9/12 (excluding funds transfers and restricted MCCs) and the total amount over such five day period is greater than or equal to $200.

Update 8/24/21: New spend offer for 10% back at Target, up to $50 back ($500 in spend) works in store and online and valid until August 29, 2021. Hat tip to FM

Update 8/23/21: Amazon, Whole Foods & Costco deals below have been extended until 9/19/21.

Update 8/17/21: You can now earn 15% back on food delivery apps, up to a maximum of $50 back ($333.33 in spend). Hat tip to FM. Stacks with the five day streak below as well.

Update 8/10/21: You can receive 3,000 points if you spend any amount on five consecutive days between 12:01AM PDT 08/10/2021 and 11:59PM PDT 08/19/2021 (excluding funds transfers and restricted MCCs) and the total amount over such five day period is greater than or equal to $200. Hat tip to DDG

Update 8/6/21: Amazon, Whole Foods & Costco deals below have been extended until 8/22/21.

Update 7/12/21: New deals

  • Earn 5x at Amazon (limit $1,000 in spend) ends 8/8/21
  • Earn 5x at Whole Foods (limit $1,000 in spend) ends 8/8/21
  • Earn 5x at Costco (limit $500 in spend) ends 8/8/21

Update 6/25/21: You can now earn 10x at Tesla Superchargers until 7/18. Hat tip to reader Davis

Update 6/24/21: You can receive 3,500 points if you spend any amount on five consecutive days between 12:01AM PDT 06/24/2021 and 11:59PM PDT 07/03/2021 (excluding funds transfers and restricted MCCs) and the total amount over such five day period is greater than or equal to $200.

Update 6/21/21: Currently 10x Amazon spending offer. 5K point max. Hat tip to reader ieatdogfood

Update 6/16/21: Point is actually offering some users the ability to refer others and both receive $250. Unfortunately I don’t think it’s possible to tell what links are what and obviously everybody is going to claim to have the $250 links. Most people either have links for $100 + $100 or $250 + $100 (e.g they get $250 and you get only $100). Wish Point would make this clearer but I suspect they really only want people to refer people they know.

Update 6/15/21: Point is offering 20x on Etsy purchases until June 21, 2021.

Update 6/13/21: There is a referral bonus for $250, unfortunately only the person referring somebody gets $250. Person being referred gets $100.

Update 6/9/21: New offer for 10% back at Whole Foods, up to 5,000 bonus points. Valid until 6/13/21.

Update 6/4/21: Can also earn 5% on Best Buy until June 13, 2021. Maximum of $50.

Update 6/2/21: In June spend $100 total and also have 5 transactions 5 days in a row to get $30 of points. Kenny S

Update 5/18/21: Now offering 1,500 points when you make purchases five days in a row within the next ten days. Purchases must be over $5 each and made between 12am on 05/18/2021 and 11:59pm PDT on 05/27/2021.

Update 5/15/21: Points is offering 1 point per $1 for the first transfer made by a linked bank account before 05/24/2021. Maximum of 1,000 points.

Update 5/11/21: Connect Point Card to your Spotify account by 5/23, and we’ll give you 3 free months in points on top of the 5x you can already earn with your Spotify subscription.

Update 4/28/21: Some cardholders are being offered 15x points at Target through May 2, limit 5,000 points. Terms exclude gift cards.

Update 4/14/21: Referral bonus has been extended to 4/28/2021, only requires a single purchase.

Update 4/2/21: Referral bonus now requires a single purchase rather than $1,000 in spend. Hat tip to reader alex

Point is a new rewards debit card on the market. Let’s take a look in this quick review.

  • Annual fee of $49
  • No sign up bonus, although you can get 50,000 points (worth $50) when signing up through Drop or $100 via referral
  • Card earns at the following rates:
    • Earn 5x on subscription purchases
    • Earn 3x on delivery and ride share
    • Earn 1x on all other purchases
  • The account has an $8,000 monthly deposit limit, which you have hit. Once your account hits that $8,000 monthly limit it’ll hold the remaining funds for another 30 days or so and then continue depositing the funds.
  • Points are worth 1¢ each
  • Insurance:
    • Phone insurance covers up to $1,000/yr. in loss or damage when you pay with Point Card.
    • New purchase insurance reimburses you up to $1,000 in loss/damage.
    • Trip cancellation insurance covers up to $1,500 for expenses for cancellation/delay.

For most people they will be better of with just a standard rewards earning credit card, especially as this debit card comes with an annual fee. There are some limited use cases for this point card, but how useful that is will depend on how tolerant Point is with large purchases.

SOURCE https://www.doctorofcredit.com/point-rewards-debit-card-earn-5x-3x-1x-49-annual-fee/

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