NOTE: This card is no longer available.
Intuit, makers of Quicken financial software, offer a in partnership with Chase that could be useful if you regularly use Quicken products and services, but is probably not the best choice for most people. Our overview / review of the card is below:
While the Quicken credit card won’t make sense for most people over the long haul, it does offer one big perk that is probably the main reason you’d sign up: a $60 statement credit after your first purchase with the card. In other words, if you buy some Quicken software and sign up for the card, you’ll essentially get a $60 discount. That’s nothing to sneeze at.
But what about after that upfront bonus? Is it worth opening a new credit line just to get that discount?
Well, the card does offer other rewards, and, being a Visa card, it is accepted widely. The full rewards offering gives you points for every purchase you make with the card, as follows:
- 5 points per dollar spent on purchases at Quicken.com, Intuit.com, TurboTax.com and QuickBooks.com
- 2 points per dollar on purchases at drug stores, gas stations, office supply stores, and restaurants
- 1 point per dollar on purchases everywhere else.
The points you earn are essentially worth a penny each, so 5000 points would equal $50 in rewards, etc.
Although we question whether many people are buying Quicken products often enough to get many of these 5-point rewards, the rest of the rewards formula is not bad. However, in our opinion, there are probably better options for most people — see our Cash Back Credit Cards section to compare the Quicken credit card with other cash rebate cards.
The Quicken Rewards Visa has a 15.24% interest rate, which is reasonable for a rewards credit card in today’s market. There is no annual fee for the card.
If you’d like to apply for the Quicken credit card, you’ll find . The card’s Web site says that in many cases you’ll get “instant approval” in as little as 15 seconds.