Got a Countrywide Mortgage? Then Get a Countrywide Visa Rewards Card

If you have a home loan with Countrywide, then this credit card may be right for you.

The Countrywide Visa Rewards card, issued by FirstUSA, has the following features:

• No annual fee
• Earn 1 point for every $1 spent in card purchases and interest
• Introduction 0% fixed APR for up to 12 months (balance transfer fee: 3% of the amount of each transaction, but not less than $5.00 nor more than $75.00).

And each time you accumulate 2,500 points in rewards, you can choose to redeem your points for:

• A $50 payment towards an outstanding mortgage principal balance with Countrywide Home Loans or,
• A $25 check made payable to you or,
• A $25 gift card/gift certificate to National merchants

That is, if you opt for paying off mortgage balance, the rewards is doubled to 2% of your purchases instead of 1% if you choose to receive check or gift card. Use this link if you want to apply for the card.

Citi also offers a Home Rebate MasterCard which gives back 1% on every day purchases (6% on Internet connections, telecom services, cable, satellite, and utilities for 12 months), but cashbacks you accumulated are paid toward you designated mortgage company only once a year, which makes the offer much less appealing the Countrywide Rewards card if you have a home loan with them.

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