As much as 5% rewards on each buy for Rocket Mortgage clients (discontinued)

This card has been discontinued as of August 2025. Take a look at our prime picks for cash-back bank cards.

Shopping for a house is without doubt one of the costliest purchases you’ll make all through your lifetime, and as costs develop, each greenback saved counts.

The Rocket Visa Signature® Card could assist, with worthwhile financial savings of as much as 5% money again towards new dwelling mortgage closing prices with Rocket Mortgage® — nevertheless it’s not for each homebuyer. Right here’s what to learn about incomes rewards towards a future dwelling buy (or current Rocket Mortgage mortgage) utilizing the Rocket Card and the way to determine if it’s best for you.

There aren’t many added advantages with the Rocket Visa Signature Card. You’re going to get some perks from Visa Signature, together with:

• Prolonged guarantee safety for as much as one 12 months

• Cellphone safety for as much as $750 in opposition to theft or injury with a $50 deductible (whenever you use your card to pay your month-to-month cellphone invoice)

• Porch piracy safety masking as much as $10,000 for an eligible stolen merchandise delivered to your property

You’ll additionally get entry to Rocket Cash Premium, the place you may monitor and cancel your subscriptions, hyperlink different accounts to see your web price, arrange a finances and spending targets, entry your credit score rating, and extra.

Associated: Methods to examine your credit score rating

The Rocket Visa Signature Card doesn’t have any rewards classes to maintain monitor of. As an alternative, the quantity you’ll earn on every buy relies on the way you redeem your rewards.

• 5% money again whenever you use rewards towards your subsequent dwelling buy with Rocket Mortgage

• 2% money again towards your mortgage stability if you have already got a mortgage with Rocket Mortgage

• 1.25% money again for assertion credit to your account

You may redeem your Rocket Visa Signature Card rewards in a number of methods, although every redemption choice has a unique worth.

You’ll stand up to five% money again whenever you redeem rewards towards your down fee and shutting prices on a mortgage with Rocket Mortgage (refinances are excluded). Particularly, you may put your rewards towards “funds required to shut,” which can embrace your down fee, charges, and shutting prices in your Rocket Mortgage mortgage.

You may redeem as much as $8,000 price of rewards this fashion — although reaching that max would require $160,000 in purchases in your card.

It’s also possible to redeem your bank card reward towards an current mortgage mortgage should you’re already a Rocket Mortgage buyer. You’ll get 2% money again whenever you use rewards towards your Rocket Mortgage principal stability, with a minimal redemption of at the least $25.

Associated: Rocket Mortgage overview 2025

Let’s say you spend round $10,000 per 12 months in your bank card, or about $833 per thirty days on all the things from common journeys to the grocery retailer to fuel station fill-ups, journey, and common funds to streaming providers and utility suppliers.

On the 5% rewards charge, you’d have $500 to place towards a down fee and shutting prices with Rocket Mortgage.

If you have already got a Rocket Mortgage mortgage, you’d have $200 to make use of towards your principal stability at a 2% redemption charge.

You even have the choice to redeem your rewards for assertion credit towards your card stability. Nevertheless, this redemption will decrease your incomes charge to simply 1.25% money again per greenback spent. Utilizing the identical spending instance, you’ll get simply $125 yearly towards your card stability in assertion credit.

By way of maximizing rewards, the Rocket Visa Signature Card is greatest for homebuyers who plan to tackle a house mortgage with Rocket Mortgage and might use the cardboard to earn as much as 5% money again towards a down fee and shutting prices.

But it surely’s additionally not that easy. To get essentially the most from the Rocket Visa Signature Card, you’ll need to take time to build up a strong financial institution of rewards that you should use towards your future down fee and shutting prices (as much as $8,000). For those who open a Rocket Card far prematurely of whenever you plan to purchase your property, it may be arduous to gauge the very best mortgage charges you’ll finally qualify for.

When it does come time to lock in a mortgage, you’ll solely get to make use of the rewards you’ve earned on the full 5% charge should you select Rocket Mortgage — even when it means lacking out on a decrease rate of interest from one other lender.

As a result of even small rate of interest modifications could make an enormous distinction over the complete lifetime of your mortgage, you possibly can miss out on a greater long-term deal by committing to this bank card and its rewards construction before you purchase your property.

This card can also be price it if you have already got a Rocket Mortgage mortgage. You’ll earn a decrease 2% in your spending whenever you use your rewards towards your current principal mortgage stability with Rocket Mortgage, nevertheless it’s straightforward to make sure your rewards will particularly assist pay down your mortgage.

Even nonetheless, there are many different bank cards with flat 2% rewards or much more throughout completely different spending classes. You might be able to use these playing cards to earn extra rewards over time, and nonetheless put the money again you earn towards your mortgage funds by yourself.

Associated: Finest cash-back bank cards

• As much as 5% money again on each buy: For those who can qualify for the 5% money again by utilizing your rewards towards a down fee and shutting prices in your Rocket Mortgage mortgage, this card can supply unbelievable worth. Usually, you’ll solely stand up to five% rewards in particular classes with a rewards card, not on each buy you make.

• Rocket Cash Premium entry: You’ll acquire entry to Rocket Cash Premium together with your Rocket Card. This is usually a good device that will help you attain your monetary targets, with the flexibility to arrange a finances, entry your credit score rating, cancel unused subscriptions, and maintain monitor of spending.

• No annual payment: There’s no annual payment to hold this card, which implies you don’t have to fret about recouping any price in rewards worth (so long as you pay your balances in full and on time).

Learn extra: Finest bank cards with no annual payment

• Restricted redemption choices: Whereas it’s potential to earn as much as 5% money again with this card, redemptions might be restrictive. You’ll must tackle a brand new Rocket Mortgage mortgage to make use of the complete 5% rewards towards your down fee and shutting prices, and also you’ll solely get 2% again whenever you use your rewards for current Rocket Mortgage funds. The one different redemption choice out there is for assertion credit, at a a lot decrease rewards charge of 1.25%.

• Few added perks: In comparison with different rewards bank cards, you gained’t get a lot added worth from advantages with the Rocket Card. For those who’re on the lookout for annual credit or reductions, you might need to contemplate one other cash-back bank card.

• No introductory supply: The Rocket Card has no introductory 0% APR on new purchases or stability transfers, so that you’ll pay the complete ongoing variable APR on any balances you carry after account opening.

As a result of the Rocket Card is a Visa Signature card, you should use it anyplace worldwide that Visa playing cards are accepted — which incorporates over 100 million areas throughout the globe. The cardboard additionally costs no overseas transaction charges, making it a strong alternative for worldwide journey. With out these added charges, you don’t have to fret about additional costs whenever you make purchases overseas.

The Rocket Visa Signature Card is powered by Deserve and issued by Celtic Financial institution, however you may make your Rocket Card funds by the Rocket Cash app or web site. You’ll have the choice to arrange autopay or make one-time funds. It’s also possible to use SmartPay by Rocket Cash, which lets you make a number of small month-to-month funds towards your stability.

• Cellphone quantity: (888) 452-8179

  • Monday by Friday 7 a.m. to Midnight ET

  • Saturday 9 a.m. to eight p.m. ET

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• Chat with a consultant after logging into your on-line account

• Rocket Cash login web page

Rocket Cash isn’t particularly designed that will help you repay bank card debt, however it might probably assist you to get a greater general image of your funds to jumpstart your payoff course of.

You may set a finances and spending targets to remain on prime of your debt funds. The app may even establish your recurring subscriptions, so you may cancel pointless common funds and put that cash towards your balances.

Rocket Cash additionally lets you monitor your credit score rating and credit score historical past and get alerts when your credit score rating modifications. Monitoring your credit score rating alone gained’t assist together with your bank card debt, however it may be a great way to trace your progress.

Nevertheless, the Rocket Visa Signature Card doesn’t have any introductory 0% APR supply for stability transfers, so it’s not an important choice should you’re on the lookout for a bank card to assist together with your current debt.

You don’t want a present mortgage with Rocket Mortgage to make use of the Rocket Card. For those who plan to tackle a Rocket Mortgage mortgage sooner or later, you can begin incomes rewards in your spending in the present day to make use of towards your down fee and shutting prices. If Rocket Mortgage isn’t your most well-liked mortgage lender, it is best to most likely look elsewhere for a rewards card; redeeming rewards for assertion credit solely nets you 1.25% money again.

For those who’re not planning to tackle a Rocket Mortgage mortgage, you’ll most likely get higher worth in your spending elsewhere. Listed below are some nice rewards playing cards to contemplate in the present day:

Why we prefer it: Just like the Rocket Card, you may earn a flat rewards charge on each buy you make with the Capital One Enterprise Card; the distinction is the added flexibility in how you utilize your rewards. You’ll get 2x miles on each buy you make plus a boosted 5x miles on resorts, trip leases, and rental vehicles booked by Capital One Journey. It is a journey bank card, so it makes most sense for individuals who journey at the least just a few instances per 12 months. While you’re able to redeem, you’ll get the very best worth whenever you use your miles to guide a visit by Capital One Journey, get reimbursed for journey purchases charged to your card, or switch them to Capital One’s 15+ journey companions.

Learn our full Capital One Enterprise Rewards Credit score Card overview

Why we prefer it: Chase Freedom Limitless is one other card with flat rewards — 1.5% money again — on each buy. However you too can make more money again in sure classes: 5% money again on journey by Chase Journey℠, 3% money again on drugstore purchases, and three% money again on eating. Redemption choices with this card are versatile and you may reap the benefits of a strong intro APR supply on new purchases and stability transfers.

Learn our full Chase Freedom Limitless overview

Why we prefer it: Just like the playing cards above, you’ll earn easy, flat cash-back rewards with the Capital One Quicksilver. Get 1.5% money again on each buy you make and 5% money again whenever you guide resorts and rental vehicles by Capital One Journey. For those who’re on the lookout for easy rewards you may earn regardless of the place you spend cash, this may be a straightforward alternative. Whereas 1.5% could also be lower than the Rocket Card’s prime redemptions, it’s larger than the 1.25% for assertion credit you’ll get should you don’t use your rewards towards a Rocket Mortgage mortgage. The Capital One Quicksilver additionally presents a 0% introductory APR on new purchases and stability transfers, which might be helpful for a big upcoming buy or for paying down current debt.

Learn our full Capital One Quicksilver Money Rewards Credit score Card overview

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