Comenity Bank apparently launched the Farmers Bank Rewards Visa in June

NickPFD

Mmmm.... yeah....
Staff member
#1
This one escaped my notice, but apparently Comenity Bank launched the Farmers Bank Rewards Visa in June. It’s a little more interesting than the recently announced Univision card, though it still probably won’t be of interest to most people.

Let’s get right to the credit card rewards:

  • 3x points for every $1 spent on Farmers products
  • 3x points for every $1 spent on home improvement
  • 3x points for every $1 spent on fuel/gas
  • 1x points for every $1 spent everywhere else Visa is accepted

There aren’t many other cards that let you earn 3X on insurance payments, so that’s original, though of course you are restricted to Farmers products. 3X on gas is no big deal as there are other products that offer that, like the AARP card, which also gives you 3X on restaurants. 3X on home improvement stores is moderately interesting since that’s not a popular bonus spend category aside from the occasional Chase Freedom / Discover It quarterly bonus.

But… 3X on home improvement stores isn’t going clinch the deal for too many folks given that 2% rewards is a pretty easy baseline to achieve. As with the Univision card, you can pass on this one.




The post Comenity Bank apparently launched the Farmers Bank Rewards Visa in June appeared first on Personal Finance Digest.

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