Cash Rewards Credit Card

3% Cash Back on Your Choice Category

Pick the spending category that fits your life — gas, online shopping, dining, travel, drug stores, or home improvement — and earn 3% back every month. Switch anytime, no questions asked.

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Cash back in your chosen category

At grocery stores & wholesale clubs

On all other purchases, every day

$200

Online bonus after $1,000 in first 90 days

Why Cardholders Love It

Six Reasons the Cash Rewards Card Stands Out

A flexible, no-fee rewards card designed to reward you in the areas of your life that matter most — with extra perks for Preferred Rewards members.

Choose Your 3% Category — Monthly

Select from six eligible 3% categories each month: gas & EV charging, online shopping, dining, travel, drug stores, or home improvement & furnishings. Your choice, your control — update it in the mobile app or at federalcrownbank.co.uk before the end of each month.

2% at Grocery Stores & Wholesale Clubs

Every swipe at a qualifying U.S. grocery store or wholesale club — including Walmart, Sam's Club, and Costco — earns an automatic 2% cash back. No activation required, no monthly cap on the 2% tier beyond the combined $2,500 quarterly limit.

Automatic Redemption Available

Set up automatic redemption and your cash rewards will be deposited directly into a Federal Crown Bank checking or savings account — or applied as a statement credit — when your balance reaches a threshold you choose (starting at $25). Rewards never expire as long as your account is open.

No Annual Fee — Ever

You'll never pay an annual fee to carry this card. Zero. That means every dollar you earn in rewards is pure value — no fee eating into your cash back. Compare that to the typical $95–$550 annual fee cards ask for comparable rewards.

Preferred Rewards Bonus: 25%–75% More

Enroll in Federal Crown Bank's Preferred Rewards program and earn a rewards bonus on every purchase. Gold tier (3-month average balance $20K+) earns 25% more; Platinum ($50K+) earns 50% more; Platinum Honors ($100K+) earns 75% more. Your 3% category can become up to 5.25%.

$0 Liability Fraud Protection

You're never responsible for unauthorized transactions made with your card or account information. Our 24/7 fraud monitoring and $0 Liability Guarantee keep you covered. If something suspicious shows up, we'll contact you immediately and replace your card fast.

Earnings Breakdown

How Your Cash Back Is Calculated

Earn 3% on the first $2,500 in combined purchases in your chosen category and at grocery stores/wholesale clubs each quarter, then 1% after. All other purchases earn unlimited 1%.

3% Category	Cash Back Rate	Qualifying Merchants / Examples	Quarterly Cap (Combined)*
Gas & EV Charging	3%	U.S. gas stations, EV charging stations (Electrify America, ChargePoint, Tesla Supercharger)	$2,500
Online Shopping	3%	Online retailers (Amazon, eBay, Etsy), streaming services, cable/internet providers	$2,500
Dining	3%	Restaurants, fast food, bars, cafes, food delivery apps (DoorDash, Uber Eats, Grubhub)	$2,500
Travel	3%	Airlines, hotels, car rentals, cruise lines, travel agencies, ride-share (Uber, Lyft)	$2,500
Drug Stores & Pharmacies	3%	CVS, Walgreens, Rite Aid, and other U.S. drug stores and pharmacies	$2,500
Home Improvement & Furnishings	3%	Home Depot, Lowe's, IKEA, furniture stores, interior design stores, hardware stores	$2,500
Grocery Stores & Wholesale	2%	U.S. grocery stores, Costco, Sam's Club, BJ's Wholesale — always 2%, no selection needed	$2,500*
Everything Else	1%	All other purchases, with no cap and no expiration — unlimited 1% on every dollar spent	Unlimited

*The $2,500 quarterly cap applies to combined purchases in your chosen 3% category plus grocery stores and wholesale clubs. After the cap, you earn 1% on those purchases. The quarterly cap resets on January 1, April 1, July 1, and October 1.

Redeem Your Cash Rewards

Four Flexible Ways to Use Your Earnings

Your cash rewards never expire as long as your account remains open. Redeem on your schedule — whether you prefer to deposit, credit, or shop.

Deposit to FCB Checking or Savings

Transfer your cash rewards directly into any eligible Federal Crown Bank checking or savings account. Minimum $25. When combined with a Preferred Rewards account, this is usually the highest-value redemption — you keep every cent.

Best value · No conversion loss · Instant deposit

Statement Credit

Apply your cash rewards as a credit directly to your credit card balance. Minimum $25. Reduces your outstanding balance dollar-for-dollar. Can be applied to future statements even if you don't have a current balance.

Convenient · Reduces balance · $25 minimum

Gift Cards

Redeem your cash rewards for gift cards at popular retailers, restaurants, and entertainment brands — Amazon, Target, Starbucks, Sephora, Home Depot, and more. Minimum redemption varies by retailer. Gift card values match your cash back dollar-for-dollar.

100+ retailers · 1:1 value · Ships in 5–7 days

Travel Redemption via FCB Travel Center

Use your cash rewards to pay for flights, hotels, car rentals, and vacation packages booked through the Federal Crown Bank Travel Center. Your rewards apply as a credit against your travel purchase. Minimum $25 in rewards required.

Book flights & hotels · 1:1 value · No blackout dates

Preferred Rewards

Earn More When You Bank More with Federal Crown Bank

Preferred Rewards members earn a rewards bonus on every credit card purchase — automatically, with no enrollment required on the card itself. Qualify by maintaining combined average daily balances across eligible Federal Crown Bank and Merrill accounts.

Preferred Rewards Tier	Balance Requirement	Rewards Bonus	3% Becomes	2% Becomes	1% Becomes
Standard (No Tier)	No minimum	—	3.00%	2.00%	1.00%
Gold	$20,000–$49,999	+25%	3.75%	2.50%	1.25%
Platinum	$50,000–$99,999	+50%	4.50%	3.00%	1.50%
Platinum Honors	$100,000+	+75%	5.25%	3.50%	1.75%
Diamond	$1,000,000+	+75%	5.25%	3.50%	1.75%

Rates shown are effective reward rates inclusive of the Preferred Rewards bonus. To qualify, you must maintain a three-month average combined balance in eligible Federal Crown Bank deposit accounts and/or Merrill investment accounts. Rewards bonus applies to base earning rate; the combined quarterly cap still applies to 3% and 2% categories.

Card Terms & Details

Full Rate and Fee Disclosure

All rates are as of the most recent card agreement update. Variable APRs are based on the Prime Rate and will change when the Prime Rate changes.

Annual Fee	$0 — No annual fee, ever
Purchase APR	19.24% – 29.24% Variable (based on creditworthiness at account opening)
Balance Transfer APR	19.24% – 29.24% Variable
Balance Transfer Fee	3% of each transaction, $10 minimum
Introductory APR	0% on balance transfers for the first 60 days from account opening
Cash Advance APR	29.49% Variable (effective date of transaction)
Cash Advance Fee	5% of each transaction, $10 minimum
Foreign Transaction Fee	3% of each transaction in U.S. dollars
Late Payment Fee	Up to $40
Returned Payment Fee	Up to $29
Penalty APR	Up to 29.99% — may apply if you make a late payment
Minimum Interest Charge	$1.50
Grace Period	At least 25 days (if you pay your balance in full each month)
Rewards Expiration	Cash rewards never expire while your account remains open and in good standing
Recommended Credit Score	Good to Excellent (670 – 850 FICO)
Redemption Minimum	$25 cash rewards minimum for all redemption types

Frequently Asked Questions

Cash Rewards Card — Common Questions Answered

How and when can I change my 3% cash back category?

You can change your 3% category once per calendar month through Online Banking at federalcrownbank.co.uk or via the Federal Crown Bank Mobile Banking app. Navigate to your card's rewards overview and select "Change My Cash Back Category." The new category takes effect immediately for that calendar month. If you don't make a change, your category stays the same. You can plan ahead: if you know December will be heavy online shopping, switch in November to capture those holiday purchases at 3%.

When will my $200 online cash rewards bonus be credited to my account?

To earn the $200 online cash rewards bonus offer, you must make at least $1,000 in purchases within the first 90 days of your account opening date. Once that spend threshold is confirmed (typically within one to two billing cycles after you hit $1,000), the $200 bonus will post to your rewards balance. It can then be redeemed like any other cash reward — statement credit, bank deposit, gift card, or travel. The bonus is in addition to all other cash rewards you earn during that period.

How exactly is the Preferred Rewards bonus calculated on my purchases?

Your Preferred Rewards bonus is applied to the base earning rate. For example, if you're a Platinum Honors member (75% bonus) and your chosen category is dining at 3%, you earn 3% × 1.75 = 5.25% effective cash back. The bonus is calculated on the base tier rate, and the total effective rate is rounded to the nearest cent per transaction. Your Preferred Rewards tier is re-evaluated monthly based on your three-month average combined balance. You must be enrolled in the Preferred Rewards program to receive the bonus — enrollment is free and available through Online Banking.

Does the Cash Rewards card charge a foreign transaction fee?

Yes. The Federal Crown Bank Cash Rewards credit card charges a foreign transaction fee of 3% of each transaction amount, converted to U.S. dollars. This fee applies to any purchase made in a foreign currency or processed through a foreign bank, even if you are physically in the United States (for example, buying from a foreign website in a foreign currency). If you travel internationally or shop frequently on foreign websites, you may want to consider the Travel Rewards or Premium Rewards cards, which have no foreign transaction fees.

What credit score do I need to qualify for the Cash Rewards card?

Federal Crown Bank recommends a good to excellent credit score — generally considered to be a FICO score of 670 or higher — to qualify for the Cash Rewards credit card. Applicants with scores in the excellent range (740+) are more likely to receive the lower end of the variable APR range. Your approval and APR are based on multiple factors including income, existing debt, payment history, and length of credit history. Checking whether you pre-qualify through federalcrownbank.co.uk uses a soft inquiry and will not affect your credit score.

Start Earning 3% Cash Back — No Annual Fee

Join millions of cardholders who choose their rewards every month. Apply in minutes and earn your $200 bonus after $1,000 in purchases.

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Checking whether you pre-qualify will not affect your credit score. Credit approval required. Terms and conditions apply. See federalcrownbank.co.uk for full details.