Countrywide RewardsSM Credit Card Advantages:
The Countrywide Rewards Card is not an ordinary rewards credit card – it’s a credit card with rewards specially designed to help you lower Countrywide mortgage principal. And, there’s no cap on rewards that can be earned. The more you use your Countrywide credit card, the more you get back in rewards.
When you use your Countrywide Rewards Credit Card, you get:
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Mortgage Rewards
If you frequently use your Countrywide Rewards Card, you can save thousands of dollars in interest and pay off a Countrywide mortgage years ahead of schedule.* Simply use your Countrywide Rewards credit card and apply your rewards towards a Countrywide mortgage principal.
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Double Rewards
When you choose to apply your rewards points towards your Countrywide mortgage principal, you get double rewards. For every 2,500 points you redeem, you’ll receive a $50 payment to apply to the principal balance of a Countrywide mortgage. This is twice the amount of the cash back reward.
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Cash Rewards or Gift Rewards. With every 2,500 points you earn, you can also redeem for:
- $25 Gift Card/Certificate to a participating merchant of your choice.
- $25 Check to use toward home improvements, supplies and more.
* Reward points redemption is based on $2,500 in monthly credit card purchases over 10 years redeemed for cash or a payment towards mortgage principal. Savings on mortgage interest is based on applying accrued reward points to a 30 year fixed mortgage loan with a $300,000 principal balance and a compounded 7% APR over the first 10 years of the loan and no additional refinancing.
