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The PointCard Titan is an upcoming charge card designed for high-earning, tech-savvy city dwellers. Created by the financial technology company Point, the card features bonus rewards categories you can switch monthly, plus an app where you can manage your card, track spending and split purchases with others. There are a variety of ways to redeem points, including cash back, transfers to partnering airlines and Bitcoin.
The PointCard Titan, which will charge a $399 annual fee, will be available in spring 2022. For now, you can join a waitlist on its website to be notified when the card is available.
How the PointCard Titan works
Because it will be a charge card, you’ll be required to pay the bill in full each month. The PointCard Titan doesn’t allow you to take on credit card debt by paying only some of your balance on the due date.
To qualify for the card, you need to earn $100,000 in annual income or have $10,000 in liquid assets, which include cash and investments such as stocks and cryptocurrency. When applying, you add your accounts through Plaid, a service that allows users to connect accounts to financial technology companies. Point uses this information to assign you a spending limit based on your net worth. As you use the card, and as your financial situation changes over time, Point will adjust your credit limit.
Applying for the card won’t affect your credit score because there’s no hard credit inquiry involved in the process.
How to earn rewards
Though the PointCard Titan won’t offer a sign-up bonus, it will offer customizable rewards tailored toward a pretty specific lifestyle: city dwellers who indulge in luxury and convenience. Every month, you can use the Point app to select two categories where you’ll earn 5 points per $1, and two where you’ll earn 3 points per $1. All other purchases will earn 1 point per $1. Here are options for higher rewards rates:
5 points per $1
Ridesharing and transit: Major ridesharing and electric scooter sharing services, and the New York Metropolitan Transit Authority.
Food and grocery delivery: Food delivery services including DoorDash, Grubhub and Uber Eats; grocery delivery services including Instacart and Gorillas; and other delivery apps such as Gopuff.
Subscriptions: Netflix, Spotify, Hulu, Disney+, YouTube Premium, Headspace and more.
Fitness, wellness and workout apparel: Gyms, Barry’s Bootcamp, ClassPass, Lululemon, Peloton and more.
Electric vehicle charging.
3 points per $1
Travel: Including airfare, hotels and rental cars.
Entertainment: Including bars, movie theaters, event tickets, golf courses, amusement parks and sporting events.
Fashion: Including purchases from a rotating selection of brands such as Everlane, Reformation and Glossier.
How to redeem rewards
You can redeem points at a value worth 1 cent each for cash back or Bitcoin. You can also redeem for travel by transferring points to partnering airlines. As of this writing, Point is still working with its airline partners to determine the values of transferred points.
If you opt to redeem points for Bitcoin, Point will be the custodian, meaning it’ll store the Bitcoin you get through your redemptions. There is no minimum holding period for your Bitcoin, meaning you can sell whenever you’d like. You can’t transfer the Bitcoin to another wallet, however.
Additional perks and card features
For those looking for some flash, the PointCard Titan is made of metal and comes in three nature-themed colors that sound like the names of sports drink flavors: Polar Mist, Desert Sun and Forest Dew. Here are some other benefits:
In-app management: Use the Point app to track spending, add authorized users, set spending limits, lock or unlock cards, and split transactions with other Point app users.
Rotating opportunities to earn more: Shop at a selection of participating merchants to earn up to 15 points per $1 or more.
Customer support options: 24/7 customer support via iMessage, text messaging and phone. You’ll get expedited support for credit card disputes and chargeback requests.