In addition, you will earn additional Points for the following: You will earn 3 additional Points for every dollar in eligible net purchases during each billing cycle at merchants classified as a restaurant, fast-food restaurant or bar. Please allow 6-8 weeks after you have met the spend requirement for your bonus to be credited to your rewards balance.ģ Everyday Rewards+ Card: You will earn 1 Point for every dollar in eligible net purchases charged to your Account during each billing cycle. If there is no reward, purchase, or balance activity on your account for 12 statement cycles, your cash rewards balance will expire.Ģ If you're approved for a new Max Cash Preferred Card, a one-time $150 bonus will be awarded for redemption after eligible net purchases totaling $500 or more are made to your account within 90 days from account opening. Cash rewards do not expire as long as the account remains active. Cash rewards can be redeemed as a deposit to a checking or savings account with this Financial Institution only, which will be deposited within seven business days, or as a statement credit to your credit card account, which will be deposited within one to two billing cycles or as a Rewards Card ($25 minimum redemption). Upon approval, full details will be provided in your Cardmember Agreement. Transactions qualify for 5% or 2% cash back based on how merchants classify the transaction. All other net purchases earn 1% cash back. You will earn 5% cash back on your first $2,000 in combined net purchases each calendar quarter in your two chosen 5% categories and unlimited cash back in your 2% category. You may not redeem rewards, and you will immediately lose all of your rewards, if your Account is closed to future transactions (including, but not limited to, due to Program misuse, failure to pay, bankruptcy, or death).ġ Max Cash Preferred Card: Cardmember must initially enroll into categories of their choice, or all net purchases will earn no more than 1% cash back. Upon approval, see your Cardmember Agreement for details. Not all transactions are eligible to earn rewards, such as Advances, Balance Transfers and Convenience Checks. Net purchases are purchases minus credits and returns. Rewards are earned on eligible net purchases. The Elan Rewards Program is subject to change.
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