The QFC 1-2-3 REWARDS MasterCard is just one of several credit cards issued by the Kroger chain of supermarkets. Each of these branded personal credit cards can be used at any merchant that processes MasterCard charges, but the biggest benefits are the rewards that can be earned. There is no annual fee, but the interest rate is a little high considering the rewards that are given in exchange.
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Applying for the QFC 1-2-3 REWARDS MasterCard is easy enough, but you might be surprised at how difficult it can be to qualify. Any points earned can only be made to make purchases at QFC stores.
QFC 1-2-3 REWARDS MasterCard Perks
All rewards credit cards come with some type of benefit, namely cash back or bonus points. The QFC 1-2-3 REWARDS MasterCard gives cardholders the ability to get discounts on regular everyday grocery purchases as well as additional savings. When QFC 1-2-3 REWARDS MasterCards are used to buy Kroger branded products, three points are earned for every dollar charged. One point is earned when these credit cards are used at non-Kroger stores, and two points can be redeemed when used at participating Kroger stores.
Although these credit cards can be useful to consumers that do not shop at Kroger stores, cash back rewards are issued in the form of Kroger gift certificates. QFC 1-2-3 REWARDS MasterCard points can be redeemed every month.
QFC 1-2-3 REWARDS MasterCard Interest Rates
While the US government has recently passed several laws capping the maximum interest rate that credit card companies can charge, consumers still have to abide by the terms and conditions that they agreed to. You can find more information at the Consumer Finance website.
The QFC 1-2-3 REWARDS MasterCard interest rate varies between 13.99% and 23.99%. Late fees on this credit card are assessed at $35 per charge, while the foreign transfer interest rate is set at 2.8%. The balance transfer and cash advance fees are no higher than 4%, however, QFC 1-2-3 REWARDS MasterCards usually do not have very high credit limits.
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