Welcome to Cash Rewards!
Instant Cash Back
Purdue Federal Cash Rewards is a cash back only program, so you can redeem your rewards points as a cash deposit into your savings account, or as a donation to the Purdue Alumni Association or John Purdue Club. Your cash deposit occurs instantly with no fees.
Quick, Single Sign-In
Simply log in to your account through online banking. From there, you can conveniently view and redeem your rewards points from the account summary landing page. If you prefer, you may also stop by a branch or call our Contact Center at 800.627.3328 to redeem your rewards points.
Automatic, Aggregated Points
Through Purdue Federal Cash Rewards, rewards points earned by all credit cards on the same account will be automatically combined and available for redemption. So, you no longer need to call or visit a branch to request that points from different cards on your account be combined prior to redemption.
Cash Rewards Frequently Asked Questions
Q: Do I have to enroll in Purdue Federal Cash Rewards in order to obtain points?
A: No. All cards are automatically enrolled in Purdue Federal Cash Rewards.
Q: What is the minimum amount I can redeem?
A: The minimum amount you can redeem is $25 or 2500 points.
Q: How do I redeem my points?
A: To redeem your rewards points, log in to online banking at purduefed.com. Then, you may redeem in one of two ways: 1) Click on the “Activity” link located in the Cash Rewards box along the right-hand side of the screen; 2) Go to “View Accounts” at the top of your screen then click “Cash Rewards” from the drop-down menu. Now, you can choose how you would like to redeem- as a cash deposit into your savings account, or as a donation to the John Purdue Club or Purdue Alumni Association.
Q: How long will it take for my money to show up in my account?
A: Instantly! As long as you choose the cash back option, your money will show up in your savings account as soon as you click “Submit.” If you choose instead to make a donation to the John Purdue Club or Purdue Alumni Association, your points will be deducted immediately from your account. Purdue Federal Credit Union will send a check to the John Purdue Club or Purdue Alumni Association in your name within 30 days of your point redemption.
Q: Will the cash back go in my checking account or savings account?
A: The cash redemption will be credited to the primary savings account.
Q: Will my current points transfer over with the new program?
A: Yes. If your credit card is currently obtaining points, those points will transfer over to the Purdue Federal Cash Rewards program.
Q: Do my points expire?
A: Rewards points have no expiration based on accrual date. However, any points remaining on an account after 48 months of no card activity (i.e. no transactions and no payments) will be forfeited.
Q: Can I combine points from two separate accounts?
A: Yes, if you are the owner on two accounts with credit cards you may combine the points from the two accounts. In order to combine your points, please call our contact center at 800.627.3328 (toll free) or 765.497.3328 before redemption.
Q: If I have multiple credit cards on one account, will these points be combined?
A: Yes, all of the credit cards under one account number will automatically have points combined.
Q: What happens to my points if my card is blocked, lost or stolen?
A: With the new Cash Rewards program, your rewards points are connected to your credit card account, not your physical card number, so you never lose your points or need to have them transferred – even if your card is blocked, lost or stolen.
Q: What happens to my points if I make a return?
A: If you return an item you will lose the points you earned when you purchased that item.
Q: When will I receive the My Member Perks Credit Card Perk Points?
A: You will receive your My Member Perks Credit Card Perk Points on the last day of the month.
Q: What happens to my points when I close my account?
A: If you do not redeem your points before you close your account, your points will be forfeited.
* See complete Rewards Terms and Conditions for more details.