The etrade credit card has a rewards system. Unfortunately, the online catalog is broken, unusable, crap. Fortunately, the web site and catalog can be avoided entirely:
To redeem points:
- Call 1-800-250-7734
- Tell them you want a statement credit, currently $50 per 5000 points
I have no idea if they have merchandise that translates to more than 1% money back, but to save myself the hassle of dealing with this program, I’m willing to take the risk.
The mcrewards.net program looks like a third party program. If any banks are considering using it, I recommend that they run the other direction, unless of course they despise their customers, which I suppose is not an uncommon sentiment in the financial world.