With an attractive rewards structure that amplifies earnings on common spending categories like gas, groceries, and dining, this card offers a versatile approach to everyday finances.
However, its rewards system outside of these categories is less competitive, suggesting a strategic pairing with another card could maximize overall returns.
$0
1x-3x
15,000
690 – 850 (Good – Excellent)
CreditFinder‘s Rating: 3.8/5
Card Overview
The UMB Simply Rewards Visa stands out by offering 3 points per dollar on essential spending including gas stations, grocery stores, discount stores, restaurants, and fast food, paired with a $0 annual fee. This makes it particularly appealing for regular household expenditure. The card’s introductory bonus and lack of annual fee add to its allure, making it a compelling choice for cost-conscious consumers.
Pros:
- Generous Rewards: Earn 3 points per dollar on essential categories.
- No Annual Fee: Cost-effective for budget-minded users.
- Flexible Redemption Options: Points can be redeemed for a variety of rewards including travel, gift cards, and merchandise.
Cons:
- Foreign Transaction Fee: Not ideal for international use due to a 2% fee.
- Basic Rewards Rate: Non-category purchases only earn 1 point per dollar.
- Limited Travel Rewards: Not the best option for frequent travelers looking to earn travel rewards.
Benefits and Features
- Welcome Bonus: Earn 15,000 bonus points after spending $1,500 within the first 90 days.
- Introductory APR: Offers 0% APR on purchases and balance transfers for the first 12 months, providing a breather for new purchases or debt consolidation.
- Security Features: Includes $0 liability on unauthorized purchases, ensuring peace of mind in case of fraud.
Earning Rewards
The UMB Simply Rewards Visa shines in its rewards earning potential for everyday purchases. Users earn 3 points per dollar spent at gas stations, grocery stores, discount stores, restaurants, and fast food locations. This broad categorization includes popular retailers like Walmart and Target, often excluded by other cards. The all-encompassing approach allows for substantial rewards accumulation without the need to activate categories or track spending caps.
Redeeming Rewards
Points can be redeemed through UMB’s rewards portal, offering flexibility in how rewards are used. Options include statement credits, gift cards, merchandise, and travel bookings, which can amplify the value of points when used strategically.
Comparison with Other Cards
Compared to competitors like the Citi Double Cash Card and the Capital One SavorOne Cash Rewards Credit Card, the UMB Simply Rewards Visa offers competitive rewards on everyday spending but falls short in universal cashback and travel perks. For those who spend heavily in the card’s bonus categories, it could yield more value than more generalized cashback cards.
Ideal User
The UMB Simply Rewards Visa is best suited for individuals who spend regularly across the card’s bonus categories and prefer straightforward rewards without the need to manage rotating categories or spending caps. It is especially beneficial for families or individuals who consolidate much of their spending on groceries, gas, and dining.
Final Verdict
The UMB Simply Rewards Visa Credit Card is a solid choice for everyday spenders looking to maximize returns on daily expenses without paying an annual fee. While it may not cater well to international travelers or those seeking premium travel benefits, its rewards structure makes it an excellent primary card for domestic, budget-conscious users. Pairing this card with another that offers higher rewards on non-essential purchases or better travel benefits could provide a comprehensive spending strategy.
In conclusion, while the UMB Simply Rewards Visa excels in rewarding everyday purchases, its effectiveness as a standalone card depends largely on individual spending habits and lifestyle needs.
For those whose spending aligns with the card’s reward structure, it can offer significant annual savings and a simple, effective rewards program.
