The Golden 1 Credit Union Platinum Rewards Visa Credit Card offers an unlimited 3% cash rebate on gas, grocery, and restaurant purchases as well as 1% cash back on all other purchases with no annual fee.
If you qualify for membership with Golden 1 Credit Union, this is a pretty decent Cash Rebate Card to consider, since gas and groceries are 2 major spending categories for most people, and you’ll earn a 3% rebate in those categories throughout the year.
Golden 1 Credit Union Membership Eligibility
Anyone can qualify for membership with Golden 1 by joining the Financial Fitness Association for a $5 membership fee, or you can qualify for membership if you live in select counties in California, belong to a Select Employee Group, or are related to a current member.
You can qualify if you live or work in select California counties including: Alameda, Amador, Butte, Calaveras, Contra Costa, El Dorado, Fresno, Imperial, Kern, Kings, Lassen, Madera, Marin, Merced, Monterey, Napa, Nevada, Placer, Sacramento, San Benito, San Bernardino, San Francisco, San Joaquin, San Luis Obispo, San Mateo, Santa Barbara, Santa Clara, Shasta, Solano, Sonoma, Stanislaus, Sutter, Yolo, or Yuba.
If you would like to join the Financial Fitness Association, there is a $5 membership fee that will be collected at account funding, plus there is a $5 annual membership fee to remain a member of the Financial Fitness Association, but once you are a Golden 1 member, you could cancel your FFA membership, and you would still remain a Golden 1 member, so you don’t necessarily have to pay the $5 FFA fee each year thereafter.
Golden 1 Platinum Rewards Visa Card Rebates
This Golden 1 Platinum Rewards Card offers a 3% cash rebate on gas, grocery, and restaurant purchases, plus a 1% cash rebate on all other purchases.
To receive a rebate, the primary cardholder must be an active member and maintain a Golden 1 Regular Savings Account with the required minimum balance.
A 1% cash rebate is offered on net qualified purchases (less credits, returns, and adjustments), excluding cash advances and balance transfers.
A 3% cash rebate is offered on net qualified purchases at eligible gas, grocery, and restaurant merchants.
Eligible gas merchants are classified by standard industry codes (SIC) 5541 and 5542.
Eligible grocery merchants are classified by SIC 5411.
Eligible restaurant merchants are classified by SIC 5812.
For now, the rebate will be credited by deposit to your Golden 1 share account each year by the 31st of January.
Effective February 2015, the rebate will be credited by deposit to your Golden 1 share account by the end of each month and after the close of your account’s monthly billing cycle.
If you qualify for membership with Golden 1 CU and you are looking for a cash rebate card to earn 3% back on gas, groceries, and restaurants with no limitations, then this is a good option for a no annual fee card.