Fred Meyer Rewards World Mastercard Review 2020 Updates.
Fred Meyer Rewards World Mastercard Review 2020 Updates.
Fred Meyer Rewards World Mastercard: If you’re wondering whether Fred Meyer Rewards World Mastercard is the right card for you, read on. This is everything you need to know to make a good choice.
Fred Meyer Rewards World Mastercard is not a general-purpose credit card. It’s narrowly tailored to Fred Meyer shoppers who live in the northwestern United States.
Everywhere else, its value is nonexistent. And even in its geographical homeland, it’s not really ideal for everyday spending outside the Fred Meyer ecosystem.
We have good news for you! When you be a member of the Fred Meyer Rewards World Mastercard family, you will have free groceries and get bigger rebates here! All you need to do is apply now to the Fred Meyer Rewards World Mastercard.
Overview
The Fred Meyer Rewards® World Mastercard is a no-frills rewards credit card that favors purchases made at Fred Meyer supermarkets and superstores. If you’ve never heard of Fred Meyer, you probably don’t live in the Pacific Northwest, where the Kroger-owned chain operates most of its stores.
If you live in Portland, Seattle, Anchorage, Boise, or any other sizable city in Oregon, Idaho, Washington State, or Alaska, you’re probably within easy driving distance of a Fred Meyer store. This card is designed with you in mind.
Fred Meyer Rewards World Mastercard is a no-frills product that offers automatic rebates, disbursed quarterly, on Fred Meyer spending and general purchases.
Though superficially comparable to some of the top cashback credit cards on the market, its use cases are far more circumscribed. It also lacks a sign-up bonus, a key consideration for many a savvy credit card user. On the bright side, it has no annual fee.
Intrigued? Keep reading for the lowdown on Fred Meyer Rewards World Mastercard’s features, advantages, disadvantages, and overall suitability.
Key Features
First-Year Fuel Points Bonus
For one year following your account opening date, you can save up to $1.25 per gallon at Fred Meyer fuel centers when you redeem up to 1,000 Fuel Points (accumulated separately) and pay with your Fred Meyer Rewards Mastercard.
This represents a 25% boost to your regular fuel savings – a significant perk for drivers with long commutes.
Earning Rewards
Earn unlimited 2 points per $1 spent on qualifying net purchases inside Fred Meyer supermarkets and superstores. Fuel center purchases don’t count toward the 2x category.
Earn unlimited 1 point per $1 spent on qualifying net purchases everywhere else, including Fred Meyer fuel centers.
Redeeming Rewards
Your accumulated rewards are automatically redeemed in full every quarter via rebate check, subject to a $5 minimum redemption (500 points). If you earn $50 in rewards this quarter, you’ll receive a $50 rebate to use at any Fred Meyer store.
Introductory APR
Fred Meyer Rewards World Mastercard has a nine-month, 0% APR introductory promotion for purchases and balance transfers. Qualifying transfers must be made within 60 days of account opening.
After nine months, regular interest rates apply on the full amount of all purchases and any balance transfers made to that point.
Important Fees
There is no annual fee or foreign transaction fee. Cash advances cost at least the greater of $10 or 4% of the advanced amount. However, certain types of cash advances may cost more, including overdraft protection transfers.
Balance transfers cost the greater of $5 or 3% of the transferred amount. Late payments cost $38. Returned payments cost $35.
Credit Required
This card requires good credit.
Read Also: HSBC Gold Mastercard Credit Card Complete Usage Guide & Review
Pros and Cons of Fred Meyer Rewards Mastercard
Pros
- No Annual Fee
- Rebates Are Automatic
- 0% APR for Nine Months on Purchases and Balance Transfers
- No Penalty APR
- First-Year Fuel Benefit Is Useful for Heavy Drivers
- No Foreign Transaction Fee
Cons
- No Sign-Up Bonus
- 2x Category Doesn’t Include Fuel Center Purchases
- Narrow Geographical Applicability
Rates & Fees
| Interest Rate (APR) | Rewards ($1) | Annual Fee | FTF(*) | Cash Advance Fee | Cash Advance APR | Balance Transfer Fee | Balance Transfer APR |
|---|---|---|---|---|---|---|---|
| Regular: 13,99 – 25,99 | 1 point for every $1 worth purchase.2 points for every $1 worth purchase from Fred Meyer. | No Annual Fee. | No Foreign Transaction Fee. | $10 or 4% | 27.24% | $10 or 4% | Regular: 13,99 – 25,99 |
FTF: Foreign Transaction Fee
Should You Apply for the Fred Meyer Rewards World Mastercard?
The Fred Meyer Rewards Mastercard might not be the most exciting rewards credit card on the market, but it is a reliable option that every Fred Meyer fan should carefully consider.
The ability to earn double points on Fred Meyer purchases, as well as with any other Kroger brand, means cardholders can quickly earn up enough rewards to receive vouchers for free groceries.
The value of the card is further enhanced by the option to redeem 1,000 points towards year-long gas savings at Kroger Fuel Centers, with the 1,000 points enough to enjoy up to $1.25 off each gallon of gas they pump during the ensuing year – a potential significant saving.
Other perks of the Fred Meyers Rewards Card include 0% intro APR for nine months on both balance transfers and purchases, no annual fee, and a suite of Mastercard protection and fraud services.
Final Say
You can earn free groceries and save on gas when you use this card and redeem points at Fred Meyer stores. That comes only when you are a member of the Fred Meyer Rewards World Mastercard family.
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