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  Redwood Capital Bank Points Rewards Mastercard
Redwood Capital Bank Points Rewards Mastercard Unaffiliated

Redwood Capital Bank Points Rewards Mastercard

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Highlights
Purchase APR  (Variable APR) 15.49%
(Verified 10/23/2022)
Balance Transfer APR  (Variable APR) 15.49%
(Verified 10/23/2022)
Credit Score Range N/A
Annual Fee $0

Redwood Capital Bank Points Rewards Mastercard Review

This is a rewards credit card issued by Redwood Capital Bank. If you're wondering whether Redwood Capital Bank Points Rewards Mastercard is the right card for you, read on.

Key Takeaways

  • Generous reward rate. You can get a rewards rate of up to 10,000 reward points per dollar spent.
  • Competitive APRs. Redwood Capital Bank Points Rewards Mastercard has a variable purchase APR of 15.49%
  • No annual fee*. This is a great option for people looking for a low-maintenance rewards card. It gives you rewards on your purchases, but you don't have to pay an annual fee for the privilege.
  • Charges foreign transaction fees. Avoid using this card when traveling abroad because it charges a commission of 2% every time you make a transaction outside the U.S.

Pros & Cons of Redwood Capital Bank Points Rewards Mastercard

The Good The Bad
  • Potentially lower than average purchase APRs.
  • Has an introductory APR rate on balance transfers of 2.90%.
  • No balance transfer fee.
  • No annual fee.
  • Cardholders can earn rewards on their purchases.
  • Redwood Capital Bank Points Rewards Mastercard reports to multiple credit bureaus.
  • Does not offer a signup bonus.
  • Charges a foreign transaction fee of 2%.
  • You don't earn rewards on every purchase.
  • Does not include many credit card benefits.

Redwood Capital Bank Points Rewards Mastercard FAQ

Does Redwood Capital Bank Points Rewards Mastercard have a cash back or rewards program?

Redwood Capital Bank Points Rewards Mastercard is a rewards card.

Redwood Capital Bank Points Rewards Mastercard Rewards
Minimum rewards rate 1x
Max rewards rate 10,000x
Annual rewards limit N/A
Signup Bonus ($) N/A

Does Redwood Capital Bank Points Rewards Mastercard have a signup bonus?

This card doesn't offer a cash signup bonus.

Does Redwood Capital Bank Points Rewards Mastercard offer an annual loyalty bonus?

This card doesn't offer a cash loyalty bonus.

What are the relevant APRs for Redwood Capital Bank Points Rewards Mastercard?

According to the Federal Reserve Board, the average regular APR is 15% for all credit cards and 17% for accounts that carry a balance. This card has lower than average regular APRs.

Redwood Capital Bank Points Rewards Mastercard has a variable purchase APR of 15.49%. The card has a variable balance transfer APR of 15.49% . It also has a variable cash advance APR of 15.49% . Note that late payments are subject to an APR of 19.49% if you are late or miss your payments. Typically, the penalty APR applies for a minimum of six months but can go on indefinitely.

Does Redwood Capital Bank Points Rewards Mastercard have an intro APR offer on balance transfers?

Yes, it offers an intro APR rate on balance transfers of 2.90% for a period of up to 6 months.

Redwood Capital Bank Points Rewards Mastercard Balance Transfers
Description
Balance Transfer Introductory APR 2.90%
Balance Transfer Intro APR Period 6 months
Balance Transfer APR 15.49%

Does Redwood Capital Bank Points Rewards Mastercard have an intro APR offer on new purchases?

Redwood Capital Bank Points Rewards Mastercard Purchase Intro Offer
Description
Introductory Rate 2.90%
Purchase Intro APR Period 6 months

This card does offer an intro APR rate of 2.90% on qualified purchases for a period of up to 6 months.

What are the fees for Redwood Capital Bank Points Rewards Mastercard?

The following fees apply:

Redwood Capital Bank Points Rewards Mastercard Fees
Fees Amount
Annual Fee $0
Foreign Transaction Fee 2%
Returned Payment Fee up to $25
Late Payment Fee up to $25

This card does not charge an annual fee, which makes it a smart choice for consumers looking for a low-cost rewards card.

Does Redwood Capital Bank Points Rewards Mastercard have a foreign transaction fee?

Redwood Capital Bank Points Rewards Mastercard charges a foreign transaction fee of 2%. For example, if you spend $2,000 on a week vacation abroad you would pay a foreign transaction fee of $40. If you travel abroad you may want to leave this card at home and apply for one that doesn't charge foreign transaction fees.

What is the customer service phone number for Redwood Capital Bank Points Rewards Mastercard?

The Redwood Capital Bank Points Rewards Mastercard customer service number is (707) 444-9800.

What is the support contact email for Redwood Capital Bank Points Rewards Mastercard?

The support contact email for Redwood Capital Bank Points Rewards Mastercard is inquiries@redwoodcapitalbank.com.

What is the Redwood Capital Bank Points Rewards Mastercard login page?

You can access the Redwood Capital Bank Points Rewards Mastercard login page here.

How do people rate the customer service and user experience of Redwood Capital Bank Points Rewards Mastercard?

We currently don't have sufficient reviews to provide a reliable SuperMoney community rating for this product.

Does Redwood Capital Bank Points Rewards Mastercard report your account activity to credit bureaus?

Yes, Redwood Capital Bank Points Rewards Mastercard reports your account activity to the following credit reporting agencies:

  • Equifax
  • Experian
  • Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help improve your credit.

How to apply for Redwood Capital Bank Points Rewards Mastercard

  • Visit the Redwood Capital Bank Points Rewards Mastercard website.
  • Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, and annual income.
  • Check the information is accurate and submit your application.

If your credit score is preventing you from qualifying for this credit card, check out our guide for the best credit cards for bad credit.

SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Availability

  Available in 1 state
California
Availabile in all of California

Feature Breakdown

Introductory Rate 2.90%
Purchase Intro APR Period (Variable APR) 6 months
Cash Advance Fee (%) 3% - 50%
Minimum Cash Advance Fee ($) Starting at $10
Foreign Currency Transaction Fee 2%
No Annual Fee
Annual Fee $0
No Interest Grace Period for Late Payment 25 days
Returned Payment Fee Up to $25
Late Fee Amount Up to $25
Customer Type Personal
Military Status
  • Active Duty Military
  • Non-Military
  • Veterans
  • Military Dependent
Employment Statuses Considered
  • Other
  • Employed Full-Time
  • Employed Part-Time
  • Self-Employed
  • Retired
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Rewards Type Points
Cash Advance APR (Variable APR) 15.49%
APR Type Variable APR
Penalty APR (Variable APR) 19.49%
Purchase APR (Variable APR) 15.49%
(Verified 10/23/2022)
Balance Transfer Introductory APR (Variable APR) 2.90%
Balance Transfer Intro APR Period (Variable APR) 6 months
Balance Transfer APR (Variable APR) 15.49%
(Verified 10/23/2022)
Card Type
  • Rewards
Card Network Mastercard

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