The State Department Federal Credit Union has a no-fee credit card that earn 2% cashback and a $200 signup bonus. Joining the credit union is easy and everyone should be eligible to do it.
SDFCU Premium Cash Back+ Card
Earn a $200 bonus if you spend $3,000 in eligible purchases within 90 days of your SDFCU Premium Cash Back+ Card enrollment date. Cash back and cash bonus rewards may be redeemed for statement credit toward your Premium Cash Back+ account.
- Earn 2% Cash Back on all qualifying purchases.
- No balance transfer fee
- No foreign transaction fee
- No annual fee
To apply for the card you need to be a State Department Federal Credit Union member. You can join for free if you’re an employee of the U.S. Department of State, if you are employed by or affiliated with any of their partner organizations, or if you have immediate family members who are members.
Otherwise, you can join by first becoming a member of the American Consumer Council (ACC, a nonprofit advocacy group) with an $8 annual fee or a $15 lifetime fee.
This a decent card, but not the first card you should be looking at. If you’ve exhausted all other options, then you can think of this card for the bonus of $200 ($185 really after the $15 fee required to join ACC) and the 2% cashback everywhere. But, nowadays there’s plenty of 2% cards. You can check out the Citi Double Cash card which has a $100 bonus right now, the Chase Freedom Unlimited that earns 1.5X Ultimate Rewards everywhere and comes with a $150 bonus, or even business cards like the Amex Blue Business Plus that earns 2X Membership Rewards. You can check out all the 2%+ cards here if you want other options.
HT: maximizing money