Most credit and debit cards come with benefits that encourage consumers to choose that particular card over the other options available to them. These benefits can range from travel benefits like collision coverage for rental cars or reimbursement for costs associated with delayed airline flights, to consumer benefits like refunds on item purchases if prices are reduced after you buy. Rewards can vary by card type; for example, Sunward’s Visa Signature card offers different benefits than the Visa Platinum card or the MasterCard debit card.
Some benefits only apply if you use the relevant card for that purchase – for instance, collision coverage for a rental car will usually require that you pay for the rental car with that card in order to receive coverage. Knowing what benefits are offered on each of your cards can help you make decisions about when to use that card for purchases.
You’ll also want to know whom to contact if you want to take advantage of benefits like reimbursements or refunds. These types of benefits are offered when purchasing items using the card that provides the benefit, and often you’ll need to contact the benefit provider, not your financial institution, to take advantage of them. For Sunward, all card benefits are administered through Visa or MasterCard.
Detailed descriptions, disclosures, and contact information for benefits are available in your card’s guide to benefits. At Sunward, we provide this at the time you apply for your card. You can also find a copy at slfcu.org/CreditCardBenefits or slfcu.org/DebitCard, or request a copy by calling 505.293.0500 or 800.947.5328, or by visiting any branch.
