Truist Rewards Program Review (2024)

Pros

• High earning rates
• No limit to the amount of rewards you can earn
• Points, miles and cash back cards available
• Good secured card option

Cons

• No transfer partners
• Cash back cards have a cap on bonus rewards
• Points expire after 5 years

Truist Rewards Review Summary

Truist Rewards is the 19th best credit card rewards program, according to WalletHub's latest comparison, receiving 59 points out of a possible 100. The Truist Rewards program features credit cards with cash back, points and miles.

Truist Rewards points and miles are worth 1 cent each, no matter how you redeem them. There are plenty of redemption options, too, from cash back to travel to gift cards.

Truist Rewards Review Scorecard

#18for Earning Policies
#14for Redemption Policies
#17for Rewards Value per Point
#18for Eligibility & Transparency

Best Truist Rewards Credit Cards

Summary: Truist Rewards Scores by Review Category

How to Earn Truist Rewards

Category Rating: 61% (18/30)

You will earn at least 1% cash back, 1 mile per $1 spent, or 1 point per $1 spent with a Truist Rewards credit card. There’s no limit on the total amount of rewards you can earn.

Noteworthy Features & Restrictions:

• Worthwhile secured card: Truist’s secured credit card gives much better rewards than the average secured card.

• Spending cap for bonus rewards: Truist’s two cash back credit cards have a monthly spending cap for bonus rewards, but you still earn 1% cash back after reaching that cap.

How to Redeem Truist Rewards

Category Rating: 45% (9/20)

All Truist Rewards redemption options offer the same value. Therefore, the best way for you to redeem depends on your individual spending habits and what you want to get with your rewards. Below, you can see more information about all the redemption options.

Cash Back

Cash back redemption can take the form of a check, a statement credit, or a deposit to a checking, savings or money market account (does not have to be at Truist).

Travel

You can book travel through Truist’s booking tool in your online account.

Gift Cards

You can use your rewards to get gift cards from various popular retailers such as Starbucks, Target, Walmart, Amazon, Shell and Home Depot.

Merchandise

Truist allows you to use your rewards to purchase various items online, such as electronics, baby items, jewelry, fitness gear and more.

Noteworthy Features & Restrictions:

• 10% - 50% redemption bonus: You can get a bonus to your cash back based on the balances you have in Truist checking and savings accounts (starting at $25,000). You only get this bonus if you redeem your rewards as a deposit to a Truist bank account.

• No transfer partners: The Truist Rewards program does not offer the ability to transfer rewards to the loyalty programs of any hotels, airlines, etc.

• Point expiration: If you have a card with rewards points, your points will expire after five years.

• Minimum redemption amount: You must have $25 or more in cash rewards, 2,500 or more miles, or at least 2,500 points to redeem for a statement credit, electronic deposit, or check.

Truist Rewards Value

Category Rating: 60% (18/30)

Truist points and miles are worth 1 cent toward all redemption options, but different cards offer different amounts of rewards. The range is 1 - 3% cash back, 1 - 3 points per $1, or 1 - 2 miles per $1.

For the cash back cards, redemption is simple: $1 in rewards = $1 USD toward the various redemption options.

Truist Rewards Eligibility & Transparency

Category Rating: 65% (13/20)

All Truist credit cards are in Truist Rewards, though the cards are split between offering cash back, points and miles.

Popular Truist Rewards Credit Cards

For more information, check out the best Truist credit cards on WalletHub.

4 Tips for Getting the Most Out of Truist Rewards

1. Pick the right card & use it wisely
   Truist rewards cards offer different types of rewards and different bonuses. Your job is to find a card that complements your particular needs.
   

2. Redeem regularly
   The whole point of earning credit card rewards is to enjoy the savings they provide. If you just leave your rewards sitting in your account unused, they won’t do you much good. Plus, if you have a points card, your points will expire after five years.
   

3. Pay your bill in full every month
   Paying interest at a credit card’s regular APR will end up costing you more than rewards save you. Paying the bill in full monthly allows you to avoid interest charges.
4. Redeem before closing your account
   You will lose any rewards left unredeemed when you close your account.

Truist Rewards vs. Chase Ultimate Rewards vs. Wells Fargo Rewards

Truist Rewards Program Review Methodology

This review of Truist Rewards program is based on the same methodology as WalletHub’s annual study on the Best Credit Card Rewards Programs. Editor’s ratings reflect the sum of each program’s scores across the study’s four major categories, adjusted to a 5-point scale to create a representative distribution of ratings. The four major categories considered were: Earning Policies, Redemption Policies, Rewards Value per $1 Spent and Eligibility & Transparency.

WalletHub calculated Truist Rewards point/mile values by comparing the dollar value of redemption items against the number of points/miles needed for each.

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Important Disclosures