Rocket Companies announced the launch of the Rocket Visa Signature Card, a credit card that makes homebuying easier through everyday spending.
Rocket Visa Signature Card allows cardholders to earn 5% back, up to $8,000, to use toward closing costs and down payments when purchasing a home. Homeowners whose mortgages are serviced by Rocket Mortgage can use their points to receive 2% of their card spending toward their unpaid principal balance. Rocket is also waiving the $95 annual fee for cardholders who are Rocket Mortgage serviced clients.
The Rocket Visa Signature Card comes with a premium subscription to Rocket Money, a finance app that helps manage recurring expenses and subscriptions.
New Rocket Visa Signature Cardholders can earn $200 by spending $3,000 within the first 90 days of approval.