Check out the M&T Visa Signature Credit Card because they have an offer for 10,000 bonus points when you spend a minimum of $500 within the first 90 days of your account opening. M&T Bank states that this welcome offer is worth $100 when you redeem it for cash. Due to the card’s $0 annual fee, this card’s welcome offer is fair.
The M&T Visa Signature Credit Card is a basic, simple card for people who want easy rewards. This card will earn you an unlimited rate of one point for every dollar spent on all purchases made. If you want a card with comparable spending requirements and slightly better rewards, check out the Chase Freedom card.
*Check out M&T Bank bonuses for Checking & Savings accounts.
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M&T Visa Card with Rewards Summary
|Bonus Available||Get 10,000 bonus points after making $500 in purchases during the first 90 days from account opening.|
|Ongoing Rewards/Benefits||Earn unlimited 1.5% cash back on every purchase.|
|Foreign Transaction Fees||3%|
- No annual fee
- Welcome bonus
- Simple rewards
- Good-Excellent credit needed to qualify
- Limited availability
- Foreign transaction fees
Editor’s Alternate Pick
The Chase Freedom Flex offers a $200 bonus after you spend $500 on purchases in your first 3 months from account opening.
• 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate.
• 5% on travel purchased through Chase, 3% on dining at restaurants and drugstores, and 1% on all other purchases.
You cash back rewards do not expire as long as your account is open and there is no minimum to redeem for cash back. You'll be able to new 5% categories each quarter!
This card has no annual fee.
M&T Visa Signature Card 10,000 Points Offer
Get the M&T Visa Signature card’s 10,000 bonus points offer worth $100 when you redeem it for cash. To qualify for this offer, you must charge at least $500 to your card within the first 90 days from opening your account.
Here are some ideas of meeting the minimum spending requirement:
|• Plastiq - Using Plastiq allows you to pay for your personal expenses such as rent, tuition, mortgage, auto lease etc. Although they charge a 2.5% processing fee for using your credit card, this will contribute to the card bonus that you will receive. There is also a referral program that allows you to earn "Free-Free Dollars" that goes towards processing fees as well.|
|• Funding Checking Accounts - When it comes to funding a checking account, opening your initial deposit with a credit card is the usual way to go about it. However, if you want to have more opportunities, you should open a checking account that offers a sign-up bonus. This allows you to work towards bonuses from not one but two different sources instead. Banks like Chase, Huntington Bank, TD Bank and BBVA offers credit card funding, and for your opening deposit, you can often fund anywhere from $50-$1000 with a credit card, depending on the bank.|
|• Gift Card Purchases With Using a Credit Card - Another way to acquire the bonus is using your credit card to purchase gift cards. Buying a a gift card or an individual merchant card typically do not require a purchase fee and are used towards leisure, so gift cards are ideal. However, gift cards such as a Visa or American Express do incur purchase fees because they can be spent anywhere, but gift cards that are specifically for a certain online shopping site such as Amazon or eBay don't.|
|As for a Citi Credit Card, you should call customer service and ask them to lower your Cash Advance limit to $0 before making any purchases because Citi tends to read gift card purchases as a Cash Advance.
Ideally, you should do this with any card just to be safe. Lastly, there is such thing as a discounted gift card which can be purchased on Raise or eBay. If you use a credit card often for everyday purchases, it can build your credit score that will contribute towards paying for things such as bills and taxes.
Earning M&T Visa with Rewards Points
With the M&T Visa Card with Rewards, the rewards earned are very simple to use and earn. With this card you will earn a flat rate of one point for every dollar you spend on all card purchases. A nice perk is that there is no cap to how much you can earn.
Redeeming M&T Visa with Rewards Points
Similar to other rewards cards, the value of your points depends on how you decide to use them. You have a wide range of options to choose from when you decide to redeem your M&T Visa with Rewards points such as:
- Direct deposits into an M&T Bank account
- Statement credits
- Gift cards
- Airline travel
To get the most out of your M&T Visa with Rewards points, you should use them towards cash back, gift cards or airfare. Each point is valued at around $0.01 each, which is the industry average. Merchandise purchases might devalue your points, but it will depend.
M&T Visa Card with Rewards Availability
To apply for the M&T Visa Card with Rewards, you must go to an M&T Bank branch in person. This card is limited within the issuer’s network and is only available in:
- New Jersey
- New York
- Washington, D.C.
- West Virginia
The M&T Visa Signature Card is a great credit card for people who want easy to use and simple rewards. For a no annual fee card, the welcome bonus is pretty decent. Additionally, you can earn 1% cash back on all of your card purchase, so no matter the category, you will get something back.
(Visit M&T Bank for more details)
What’s the Competition?
The Capital One SavorOne Cash Rewards Credit Card offers a one-time $200 cash bonus after spending $500 on purchases within the first 3 months from account opening.
You'll earn an unlimited 3% cash back on dining and entertainment, 2% at grocery stores and 1% on all other purchases with no rotating categories or sign-ups needed to earn cash rewards.
This card comes with no annual fee and no foreign transaction fees.
The Capital One Quicksilver Cash Rewards Card offers a one-time $200 cash bonus after spending $500 on purchases within 3 months from account opening.
You'll be able to earn an unlimited 1.5% cash back on every purchase, every day with no rotating categories or sign-ups needed to earn cash rewards.
This card comes with no annual fee and no foreign transaction fees which makes this card a viable option for your go-to everyday card.