The Umpqua Premier Rewards American Express Card has an introductory offer of: 10,000 bonus points when a minimum of $1,000 spent within the first 3 months. Umpqua Bank states that their welcome offer is worth about $100 for cash back. Umpqua Bank also has an annual fee of $99. See our list for more credit cards such as the Chase Sapphire Preferred® Card.
The Premier Rewards card allows you to gain bonus points for different options such as:
- 4x points at restaurants
- 3x points at airlines
- 2x points at gas stations
When you spend money anywhere else, then you will be able to gain 1x points. There will not be any limits placed onto your card for how many points you will be able to gain.
If the annual fee of $99 is too much to pay off for this rewards card, then you should look into the Umpqua Visa Real Rewards Card. This card will not have any annual fees and has an offer of 1.5x points for all daily expenses. The Real Rewards card is only available for a limited time only for 10,000 points as their welcome bonus offer.
Umpqua Premier Rewards Card Quick Facts
Bonus Available | Receive 10,000 bonus points after a minimum of $1,000 is spent within the first 3 months from opening your account. |
Bonus Value | $100 |
Travel Credit | No travel credit |
Ongoing Rewards/Benefits | Gain 4 points for every $1 used for qualifying restaurant purchases.
Earn 3 points for every $1 used for qualifying airline purchases. Receive 2 points for every$1 used for qualifying gas station purchases. Get 1 point for every $1 used for all other qualifying purchases. |
Foreign Transaction Fees? | No |
Airport Lounge Access | No |
Annual Fee | $99, waived your first year. |
Recommended Free Credit Score (Get Free Score)
690 – 850 (Good – Excellent)
*If interested in Umpqua Bank see our list of credit card offers for Checking & Savings accounts.*
Pros
- Welcome bonus
- Unlimited rewards
- No foreign transaction fees
Cons
- Annual fee
- Good-Excellent credit needed to qualify
Editor’s Alternate Pick
The Chase Sapphire Preferred® Card offers 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 when you redeem through Chase TravelSM. You'll earn: • 5x on travel purchased through Chase TravelSM • 3x on dining, select streaming services and online groceries • 2x on all other travel purchases • 1x on all other purchases • $50 Annual Chase Travel Hotel Credit Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase TravelSM This card carries a $95 annual fee. |
Umpqua Premier Rewards Card 10,000 Bonus Points Offer
Umpqua Premier Rewards is offering a welcome bonus of: 10,000 bonus points to show gratitude for signing up for this card. Their points will be worth about $100 (more on that below).
You must charge your card with a minimum of $1,000 in the first 3 months of your account opening to be able to qualify for this offer.
Here are some ideas on meeting the spending requirement:
What are Umpqua Premier Rewards Points Worth?
Even though this is shown as a points credit card, it can even be used as a cashback card. When you are ready to redeem your Umpqua Premier Rewards points, you’re presented with 2 choices such as:
- Cash deposit to a Umpqua Bank checking or savings account
- Statement credit to your credit card account
Your points are worth about the average of $0.01 per point. It will not matter how you choose to use your points. Remember that the Umpqua Premier Rewards points expire in 5 years after receiving your rewards, so be sure to use them before they are gone forever.
Bottom Line
The Umpqua Premier Rewards card is a great credit card option to have for people who normally spend quite a bit for dining out, gas, and airline expenses. It’s even better if you already have a bank account with Umpqua Bank since you will be able to redeem your points to a depositing account.
However, if your spending habits do not match up with the bonus options the credit card has to offer, of if you are seeking a lower priced card, the Umpqua Premier Rewards card isn’t the best suited card for you. You should look into getting a Umpqua Visa Real Rewards that will be a better match for you.
(Visit Umpqua Bank for more information)
What’s the Competition?
There are some of Umpqua Premier Rewards American Express credit card’s top competitors listed below.
The Southwest Rapid Rewards® Premier Credit Card offers 50,000 bonus points after spending $1,000 on purchases in the first 3 months from account opening. In addition, you'll earn 6,000 bonus points after your Cardmember anniversary each year. You'll earn: • Earn 3X points on Southwest purchases. • Earn 2X points on local transit and commuting, including rideshare. • Earn 2X points on internet, cable, phone services, and select streaming. You're able to redeem your points for flights, hotel stays, gift cards, access to events and more. This card does carry a $99 annual fee, but there are no foreign transaction fee. |
The United Explorer Card offers 50,000 bonus miles after you spend $3,000 on purchases in the first 3 months your account is open. You'll earn: • Earn 2 miles per $1 spent on dining, hotel stays, and United purchases • Earn 2 miles per $1 spent on dining including eligible delivery services Perks of this card include: • Getting up to $100 Global Entry, TSA PreCheck or NEXUS fee credit • Get your first bag checked for free (up to $140 savings per roundtrip). Terms apply. • Enjoy priority boarding privileges and visit the United Club with 2 one-time passes each year for your anniversary • 25% back as a statement credit on purchases of food, beverages and Wi-Fi on board United-operated flights and on Club premium drinks • Get one-year complimentary DashPass, a membership for both DoorDash and Caviar that provides unlimited deliveries with $0 delivery fees and lower service fees on eligible orders. After that, you are automatically enrolled in DashPass at the current monthly rate. Activate by 12/31/24. This card does come with a $95 annual fee, however, the annual fee is waived for the first year. |