I’ve mentioned that weirdo light-up UMB credit card before, but I had never previously noticed this product, the UMB Simply Rewards card. It has no annual fee but it offers 3 points per dollar on the following categories:
- Gas Stations
- Grocery Stores
- Discount Stores
- Restaurants and Fast Food
Let’s look at the T&C’s and clarify the rewards a bit more:
So the obvious next question is, how much are the points worth? And the answer is: one cent each! Check out the rewards catalog and you’ll see you can get account credits for 100 points per dollar.
Question: if you had to choose between a flat 2% card and this card, which one would you pick? I could see it going either way. But the fact that you have to think about it tells you this card has a very good value proposition. However, I don’t know anything at all about UMB’s underwriting, customer service, or anything else. Do any of you have any experience with them? This looks like it would be a good card to recommend to people who don’t like to be bothered with credit card churning, but I don’t know enough to recommend it.
Update: Be careful applying if you live outside of UMB’s footprint! Reader R. notes: “I wasted a TU pull to find out you’ll be auto-declined if you reside outside their market area (=midwest).”