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5 Things to Know About the Made Card
5 Things to Know About the Made Card
By making purchases with the card, you can also earn points on your mortgage payments.Many or all of the products on this page are from partners who compensate us when you click to or take an action on their website, but this does not influence our evaluations or ratings. Our opinions are our own.
Updated · 1 min read Written by Senior Writer/Spokesperson + more + more Edited by Managing Editor + more + more SOME CARD INFO MAY BE OUTDATEDThis page includes information about these cards, currently unavailable on NerdWallet. The information has been collected by NerdWallet and has not been provided or reviewed by the card issuer.
The Made Essential Visa Signature Preferred Credit Card earns rewards on your mortgage payments, but with a twist. Image courtesy of Made Card. The $0-annual-fee card, launched by the financial technology company Made Card and issued by Lead Bank, earns points on purchases — including specific everyday and home-related spending. The more points you earn, the more you can “points match” to gain an equivalent sum of rewards for your mortgage payments. Here are five things to know about the Made credit card. » MORE: Can I pay my mortgage with a credit card? » MORE:1. It earns rewards in multiple categories
The Made card earns: 3 points per dollar on gas, electric vehicle charging, groceries and utilities (up to a maximum of 30,000 points earned per calendar year). 2 points per dollar on home improvement, home maintenance and furniture (up to a maximum of 20,000 points earned per calendar year). 1 point per dollar on all other purchases. Points don’t expire so long as your account remains open. » MORE: NerdWallet’s best credit cards for home improvement and new homeowners » MORE:2. You can 'points match' for rewards on mortgage payments
You don’t use the Made card to pay your mortgage, but you can earn points on payments by linking your mortgage account. To do this, you connect the account you use to pay your mortgage with Plaid or Fairway Home Mortgage. You can also provide proof of your payment, or a mortgage statement, if your bank doesn’t allow linking through Plaid. These processes can be completed online or through the Made app. From there, every dollar you spend on your card earns a matched point for your mortgage. You’re limited by either how much you spend on the card or your monthly mortgage payment, whichever is lower. So if you have a $2,000 mortgage payment and spend $1,500, you’ll earn 1,500 points through Mortgage Matching. But if you spend $2,500, you’ll only earn 2,000 points on your mortgage.3. Redeem points in several ways
There are several options for redeeming your rewards, but point values vary depending on what you choose. Apply now Apply now Read Review Statement credits at a value of 0.7 cent per point. Statement credits Gift cards at a value of 0.8 cent per point. Gift cards Redeem into a Fairway Home Mortgage product at a value of 1 cent per point. This could include refinancing an existing mortgage into a Fairway mortgage, applying rewards to closing costs, or using points toward a rate buydown (a large, upfront payment that grants you a lower interest rate). Redeem into a Fairway Home Mortgage product Those are decent options, but if you want more rewards flexibility, you could consider one of the Bilt credit cards. Like the Made card, Bilt credit cards allow you to earn rewards on your housing payments (rent or mortgage), but Bilt also features multiple travel partners to which you can transfer your rewards, potentially for outsize value. The Bilt Blue Card, for comparison's sake, has a $0 annual fee, like the Made card does — though the Made card's ongoing rewards rates are more generous. Bilt Blue Card $0 Complete list of Bilt transfer partners Accor Live Limitless (ALL). Aer Lingus AerClub (Avios). Air Canada Aeroplan. Air France / KLM Flying Blue. Alaska Airlines Atmos Rewards. Avianca LifeMiles. British Airways Club (Avios). Cathay Pacific Asia Miles. Emirates Skywards. Etihad Guest. Hilton Honors. Iberia Plus (Avios). IHG One Rewards. JAL Mileage Bank. Marriott Bonvoy. Qatar Airways (Avios). Southwest Airlines Rapid Rewards. Spirit Airlines (Free Spirit). TAP Air Portugal Miles&Go. Turkish Miles&Smiles. United Airlines MileagePlus. Virgin Atlantic Flying Club. World of Hyatt. Wyndham Rewards.4. There are additional benefits for homeowners
Cardholders can also get access to home maintenance services through Cinch Home Services, a home warranty company that has a partnership with Made. Services include two complimentary preventative maintenance visits per year, a credit toward an A/C filter, and a 24/7 repair hotline for system and appliance emergencies.5. Your mortgage must be eligible
You can only earn points on your mortgage if the linked mortgage account is for your primary residence. Also, you must be the owner of record on the property. Article sources NerdWallet writers are subject matter authorities who use primary, trustworthy sources to inform their work, including peer-reviewed studies, government websites, academic research and interviews with industry experts. All content is fact-checked for accuracy, timeliness and relevance. You can learn more about NerdWallet's high standards for journalism by reading our editorial guidelines. About the author Sara Rathner Sara is a NerdWallet travel and credit cards expert. She has appeared on the “Today” show, Nasdaq and CNBC’s “Nightly Business Report.” See full bio. Helpful resources Best Cash Back Credit Cards Best Travel Credit Cards Best Balance Transfer Credit CardsFind the right credit card for you.
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