Put Money into Your Investment Account – Just by Using Your Credit Card

One of our Point Savvy staffers has an investment account with Ameriprise Financial® and carries the Ameriprise World MasterCard®. What attracted her to the card is the fact that she can redeem her rewards points for cash back into her investment account. So she wouldn’t have to do anything outside of her normal routine in order to get cash back deposited directly into her retirement fund.

Here’s how it works:

  • Earn 1 reward point for every dollar you spend.
  • Get 1.25% cash back when you redeem increments of 30,000 reward points for $375 into your Ameriprise account.
  • Redeem for a $150 Ameriprise Financial Planning Certificate with just 10,000 reward points.
  • Or you can redeem for entertainment, gift cards, merchandise and other rewards.

As a new cardmember, she received 20,000 bonus points after spending $500 in the first 90 days. So it didn’t take long for her to reach the 30,000 points required to redeem for $375 into her account.

Ameriprise website screenshot of Credit Card 20,000 bonus point offer

Other information about the card you should know:

  • 0% introductory APR on balance transfers for 15 months, then a variable rate of 13.99% or 15.99%,depending on creditworthiness.
  • Ameriprise Financial Achiever Circle clients earn even more reward points when they use other Ameriprise products and services.
  • Reward points don’t expire when your account is open and in good standing.
  • No annual fee.

Why we like this card:

The 20,000 bonus points offer is a big deal. Many of the online and mail offers we’ve seen for the Ameriprise World MasterCard® only offered 5,000 sign-up points. So if you’re an Ameriprise client, we would suggest jumping on this offer before it expires.

We also like the fee version of this card – the Ameriprise World Elite MasterCard® – which earns 1.5% cash back and gives cardmembers up to $200 in airline credits.

For current Ameriprise Financial customers looking for an easy way to add some cash to their account with very little effort, the Ameriprise World MasterCard® is worth looking into, especially if you’re planning on using them for other financial services in the future.

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Editorial Note: Opinions expressed here are author's alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.