LIVE OAK, Texas–Randolph-Brooks Federal Credit Union is reporting it has returned more than $2.9 million in cash to its members.
The funds are being paid back from the cash back rewards on purchases made using their Gold CashBack or Platinum CashBack Rewards MasterCard credit cards, and now it’s paying off. Since the reward cards’ inception in 1994, RBFCU has given more than $42 million back to members in cash back rebates.
"Our card program gives us the opportunity to reward our members for their loyalty while helping them to save money and earn money,” said Mary O'Rourke, chief of staff for RBFCU, in a statement.
Randolph-Brooks noted the Mastercard credit card rewards program is just one facet of its member giveback offerings. In February, RBFCU rewarded its members with more than $10 million in cash back for using its debit card. Since the debit card program was launched in 2007, members have received more than $56 million in rewards, in addition to those disbursed through the Mastercard program, the credit union said.