Rocket Visa Signature® Card
Editorial Note: We earn a commission from partner links on Allcards. Commissions do not affect our authors’ or editors’ opinions or evaluations. From our partners: See our advertiser disclosure here.
The Rocket Visa Signature® Card is a cash back card designed for those who are shopping for a new home and ideally want to use Rocket Mortgage for financing. In addition to the welcome offer, cardholders get 5% cash back on every purchase. Rewards vary in how much they’re worth depending on how you redeem them. If you use your rewards for Rocket Mortgage closing costs or a down payment, they are worth 5% cash back (up to $8,000). If you use your rewards to pay down an existing mortgage with Rocket Mortgage, they’re worth 2% cash back, and if you redeem rewards for a statement credit, they’re worth a dismal 1.25%.
If you do use the points on your existing mortgage, they will reduce the amount you owe, but you can’t reduce your mortgage payment. Instead, you’ll just pay off the loan a little faster. We dive into the details and your approval odds in this Rocket Card review.
Our Rating
3.8/5.0
Welcome Offer
$200
Annual Fee
$0
0% Intro on Purchases
None
Reward Rate
2% to 5% cash back
0% Intro on Balance Transfers
None
Welcome Offer
Receive a $200 statement credit when you spend $3,000 in the first 90 days.
Editorial Review
Features & Benefits
| Security | EMV Chip Enabled, Zero Liability, Identity theft protection |
| Contactless Payments | Tap to Pay, Apple Pay, Google Pay, Samsung Pay |
| Benefits | Cell Phone Protection, Extended Warranty Coverage, 24/7 customer service |
| Travel Perks | Concierge Services, Emergency Travel Assistance, Roadside Assistance |
Rewards
Interest Rates & Fees
| Annual Fee | $0 |
| Foreign Transaction Fee | None |
| Regular APR | 20.49% to 30.24% (V) APR |
Pros & Cons
- Welcome offer
- No annual fee
- No foreign transaction fee
- Up to 5% cash back
- High APR
- Requires good credit
- Dismal value for statement credit
What Are the Best Alternatives?
Wells Fargo Active Cash® Card
Rating
4.9
Rewards Range
2%
Annual Fee
$0
Blue Cash Everyday® Card from American Express
Rating
4.4
Rewards Range
1%-3%
Annual Fee
$0
Citi Custom Cash® Card
Rating
4.7
Rewards Range
1% - 5%
Annual Fee
$0