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0/5.0(Based on 0 Reviews )

Visa Bonus Rewards PLUS Card From Bremer Bank -Magnifymoney Review rating card
Rated 0/5 based on 0 customer reviews
$000.00 In stock
Product description:

A company called Elan Financial Services created this product – and banks can white label the product.  Customer service on the card would be handled by Elan – not your local bank.

We don’t like the way this product works. 

First, there is a $50 annual fee. 

You earn 1 point for every $1 you spend.  At the end of every month, you receive a 50% bonus, which means you have earned 1.5 points. 

There is a bonus offer of $50 after you make your first purchase. 

Every 100 points is $1 of cash back.  Redemption starts at 2,500 points for $25 of cash back.  You can also redeem your points for travel (if you book through their travel agent).  That starts at 25,000 points for $325 of value.

So – this is basically a 1.5% cash back card, with a  $50 annual fee.  There are likely better options out there.

They also have a balance transfer offer.  It is only 6 months – and they have a 3% fee.  That is terrible value (for the same fee, you can get up to 18 months at 0% on other cards).

Customer reviews:

Visa Bonus Rewards PLUS Card From Bremer Bank

A company called Elan Financial Services created this product – and banks can white label the product.  Customer service on the card would be handled by Elan – not your local bank.

We don’t like the way this product works. 

First, there is a $50 annual fee. 

You earn 1 point for every $1 you spend.  At the end of every month, you receive a 50% bonus, which means you have earned 1.5 points. 

There is a bonus offer of $50 after you make your first purchase. 

Every 100 points is $1 of cash back.  Redemption starts at 2,500 points for $25 of cash back.  You can also redeem your points for travel (if you book through their travel agent).  That starts at 25,000 points for $325 of value.

So – this is basically a 1.5% cash back card, with a  $50 annual fee.  There are likely better options out there.

They also have a balance transfer offer.  It is only 6 months – and they have a 3% fee.  That is terrible value (for the same fee, you can get up to 18 months at 0% on other cards).

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