Earning Rewards

New cardholders can easily earn a generous welcome bonus: Earn 15,000 points after spending $500 on purchases in the first 90 days of account opening. That’s an average of $166.67 in spending a month.

You’ll also earn points on every purchase with no limit on the number of points you can earn. The Colorado Rewards Visa earns:

  • 3 points: Groceries (including Target, Walmart and Costco) gas, sporting goods, shoe stores, fitness memberships, recreational facilities, golf courses, resorts, miscellaneous food categories and more
  • 2 points: Cable/satellite (including Hulu and Netflix), internet and phone services
  • 1 point: All other purchases

Select merchants also offer limited-time bonuses of up to 20 points per dollar through Ampre card-linked offers

Redeeming Rewards

You can redeem your Colorado Rewards Visa points in a few different ways, including for the following:

  • Statement credits
  • Gift cards
  • Travel benefits (flight, hotels, car rentals, cruises, travel insurance)
  • Events and entertainment (theater tickets, tours, private cooking lessons)

You can redeem your points for statement credits, gift cards and merchandise once you’ve earned at least 3,000. Each of these has a redemption value of $0.008 per point. However if you redeem 10,000 points at a time for statement credits, the value increases to $0.01, which adds up to a $100 credit.

To redeem points, go to BellcoColoradoRewards.com or call customer service at 1-888-670-7840 (during business hours). Just make sure to do that within three years of earning the points, as they expire after that.

Rewards Potential

Forbes Advisor uses data from government agencies to determine baseline income and spending averages across each spending category. We estimate that the 70th percentile of wage earners earns $118,438 annually and spends around $39,337 a year on a credit card.

It’s difficult to estimate the rewards potential of the Colorado Rewards Visa since there are so many point-earning categories. In a typical year, you might earn around 64,000 points, but your points can be much higher if you also make use of the special bonus offers, book stays at a partnering resort or purchase a camper or trailer.

For cardholders who redeem their points in denominations of 10,000, you can exchange 60,000 points for a total of $600 statement credits. If you also pay off your credit card balance each month (to avoid interest charges), this card could deliver great value, especially considering that there’s no annual fee.

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Last Update: June 19, 2024

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