Existing cardholders can redeem their Rocket Rewards points towards mortgage savings with Rocket Mortgage or a statement credit.
Sample cardholder scenario:
A cardholder spends $5,000 on their Signature Card
A cardholder now has 25,000 points as their Rocket Rewards balance
A cardholder can redeem those 25,000 points for either:
$250 towards closing costs, including down payment (5% cash back value)
$100 towards Rocket Mortgage Principal (2% cash back value)
$62.50 statement credit (1.25% cash back value)
Customers earn 5 points for every $1 spent. Points are redeemable toward a new Rocket Mortgage purchase transaction, additional principal payment on an existing Rocket Mortgage loan, or a statement credit, at different values. Subject to Cardholder Rewards Terms of Use.
Up to $8,000 in card points value can be redeemed toward a new Rocket Mortgage purchase transaction, applied as an asset to the applicant’s closing statement, offsetting applicant required funds to close. Not available in conjunction with third party originated or Charles Schwab partner loans. Subject to Cardholder Rewards Terms of Use.
All Rocket Visa Signature Cards are powered by Deserve and issued by Celtic Bank.