News & Tips

Are you on the lookout for a credit card with a favorable rewards program? One thing’s for sure—you have lots of options! Broadly speaking, the two main categories of credit card rewards are those offering cash back and those providing points. 

Here you’ll learn more about both types of rewards programs so you can choose the best credit card for your needs. If a points credit card sounds like the one for you, we’re confident that our Visa Signature® credit card is the best one available—and we’ll (humbly!) share why. 

Overview of Points Credit Cards

First, let’s touch on the difference between a points credit card and a cash back credit card. 

With a cash back credit card, you’ll receive a percentage of money back based on how much you spent with qualifying merchants. The amount of cash back would depend on the card issuer’s specific rewards program. 

With a points program, you earn a certain number of points for qualifying purchases. Most credit card issuers have categories for the types of purchases you make. For example, you might earn a certain number of points for booking flights or getting gas. You could then redeem your points for certain rewards, depending on the credit card.  

Redemption options will vary, but you may be able to exchange your points for cash back, credits on your statement, gift cards, tickets, travel, donations, merchandise, etc. Better yet, you could earn bonus points during special times, such as when you first get your card, during the holidays, or the anniversary of when you opened the account. 

If you’re looking to get a credit card today, here’s why Space Coast Credit Union’s (SCCU) Visa Signature credit card is such an outstanding choice.

Benefits of SCCU’s Visa Signature Credit Card

Many points-based credit cards have limitations on what purchases qualify to earn points. But, at SCCU, we keep it super simple. With the Visa Signature credit card, you can earn points with every purchase!⁴³ There’s no more puzzling over the fine print to figure out if a purchase you have in mind will qualify. If you buy something with your Visa Signature credit card, it counts. 

Here’s how we break it down; for every dollar spent:

• Earn 3 points on groceries & entertainment
• Earn 2 points at restaurants
• Earn 1 point on every other purchase

You don’t have to worry about purchasing items at obscure places to earn points. If you eat—and we all do—then you can earn points: from shopping at your local supermarket to dining out with your family and friends. Plus, no matter what else you buy with your credit card, it also qualifies. (No wonder we call this the best credit card with points!) 

You can then redeem your points in a wide range of ways! This includes cash back, gift cards, travel, merchandise, entertainment (including theme park tickets), and more. 

Preview the rewards program here!

No Annual Fees and More!

As you’re browsing points-based credit cards, be sure to look out for these fees:

• Annual fees
• Cash advance fees
• Balance transfer fees

With the Visa Signature credit card at SCCU, the above fees are zero, zip, and zilch, respectively! Plus, for the first six billing cycles, you can enjoy 0% interest for 6 months!⁴⁵

Travel Benefits

Another reason why this is the best credit card with points is the perks provided, which include:

• Travel and emergency assistance services⁴⁷: You, your spouse, and anyone under the age of 22 can receive experienced assistance. You cover the costs, but when you need emergency help, this card will help provide it. 
• Roadside assistance: Stranded? Receive help on a pay-per-use basis, 24/7, including the following at one set price: standard towing up to five miles, jump-starting, tire changing (must have a good inflated spare), lockout service, standard winching, and up to five gallons of fuel (plus the cost of fuel).

Fraud Prevention Services and Features

Only the best points-based credit cards have safeguards in place. Here’s ours: 

• Free 2Way Text Fraud Alerts that allow you to keep on top of your card’s security
• Visa Zero Liability Protection¹⁴: When unauthorized charges are made, you’re not liable. All you need to do is report suspicious charges to us in a timely manner, and we’ll resolve the issue. 
• Manage card usage in Online & Mobile Banking:
  • Turn your Visa Signature credit card on and off as desired
  • Place location restrictions
  • Set spending limits to help stay within your budget
  • Manage permissions for merchant categories, such as groceries, restaurants, gas stations, and so forth
  • Monitor transactions
  • Restrict transaction types such as ATM, online, or in-store

Plus, as a member of SCCU, you can check your FICO® Score—a standard credit scoring system—for free in your online or mobile banking account. This updates monthly, so you can stay current about your information. 

If you’d like to see your full credit reports and check for and correct any inaccuracies, go to Annual Credit Report; you can receive one credit report from each of the three major credit bureaus each year for free. If you find any errors, you’ll need to dispute them at all of the credit bureaus where they appear.

Additional Features

Plus, with your Visa Signature credit card, you can:

• Get peace of mind with Visa Account Updater, ensuring your credit card information for recurring payments and online purchases is up to date with participating merchants
• Choose from digital wallet payment options
• Make contactless payments

This credit card is rich with benefits, allowing you to earn points easily and redeem them flexibly. Like we said, it’s the best in the business! 

Plus, as a member of SCCU, you can benefit from a wide variety of financial wellness tools, calculators, and other resources that help our members achieve their financial dreams—no matter where they are on their journey. 

Not a member yet? No problem! If you live or work in any of the 34 counties throughout Florida, or have a family member who is a member of SCCU, you can join by simply opening a share account. 

Looking to Get a Credit Card Today?

With our Visa Signature credit card, the minimum card limit is $5,000—so, besides all of the benefits listed above, you’ll have room to make purchases, pay emergency expenses, go on trips, and more.  

Apply here for the best credit card with points: a Visa Signature credit card!