Susan G. Komen® Credit Card: Should You Apply?

Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It has not been previewed, commissioned or otherwise endorsed by any credit card issuer.

Citi is an advertising partner.

The Susan G. Komen® Credit Card, formerly the Susan G. Komen Credit Card, is a solid cash back credit card for consumers who spend a lot of money on gas and groceries. If you’re a high spender, charging more than $5,000 per quarter, or if your budget is made up of mostlly non-gas purchases, you will most likely benefit more from using a flat 2% credit card instead. Those numbers look a little different for existing Bank of America customers, who can qualify for relationship bonuses that can push the Susan G. Komen® Credit Card into the realm of top credit cards.

A nice perk to the card is the ability to contribute to the Susan G. Komen foundations. It's mostly limited to the first 90 days your account is open. You can give at most $3 per year after that, and that's only if you pay interest during the month of your cardmember renewal -- at which point it's probably better to donate separately.

Review: Our Thoughts On The Susan G. Komen® Credit Card

With a rewards rate of 3% on gas purchases, the Susan G. Komen® Credit Card is one of the most rewarding credit cards for paying at the pump, for low-to-mid spenders. What limits the card is it’s $2,500 quarterly cap. You only get 3% back on gas and 2% back on groceries on the first $2,500 in combined purchases each quarter. If you spend significantly more than that, you would be better off choosing a card like the Citi® Double Cash Card, which earns 1% when you make a purchase and another 1% when you pay off your balance. This is because after the cap you earn just 1% back, and a card with an effective 2% rewards rate will being to outperform the Susan G. Komen® Credit Card with every dollar you spend.

Good For…Bad For…
Earning rewards on gas and grocery purchasesHigh spenders
Individuals with existing Bank of America relationshipsThose who spend more heavily on groceries than they do on gas

The Susan G. Komen® Credit Card really begins to take off for individuals who have a an existing relationship with Bank of America. Depending on how much money you have deposited with the issuer, you can get a bonus of anywhere between 10% and 75%. With this, you can increase the effective rewards rate on the Susan G. Komen® Credit Card to as much as 5.25% on gas, and 1.75% on general spending. However, despite these increases, the $2,500 quarterly cap remains the same.

A graph depicting the estimated rewards earned through the Pink Ribbon credit card based on average consumer expenditure data.

The above graph is based on the Bureau of Labor Statistics average consumer expenditure data.

Individuals interested in using the card to support the Susan G. Komen foundation should know the donations through this card are fairly limited. Only purchases during the first 90 days of your account opening will directly contribute to the organization, and you would need to pay interest every month you renew your card in order to contribute $3 per year. At that point, it’s probably better to just donate the $3 yourself. It’s not a good idea to play around with interest, as it can cause you to lose a significant amount of money, depending on your balance.

Bottom Line: The Susan G. Komen® Credit Card is a decent credit card, especially if you have a Bank of America account. With no annual fee, and an above average return on gas and grocery purchases, we calculate that the typical consumer can expect significant savings from using it.

Susan G. Komen® Credit Card Benefits & Features

The Susan G. Komen® Credit Card has two separate payouts: one to the cardholder and the other to the Susan G. Komen foundation. Cardholders receive 3% cash back on gas and 2% back at grocery stores, for the first $2,500 in combined purchases each quarter. All other spending results in a cash back rate of 1%. You may be eligible to receive a 10% - 75% bonus on these rewards if you have certain types of accounts opened with Bank of America – we explore this in more detail below.

In addition to the everyday rewards you earn, cardholders can get $150 after making at least $500 in purchases within the first 90 days of account opening. This is a fairly standard bonus value for no-annual-fee cash back credit cards.

For the first 90 days your account is open, Bank of America will pay Komen $3 plus 0.08% for each retail purchase made with the card. Going forward, the bank will donate $3 for each renewal on a card, provided it has a non-zero balance. This last caveat is tricky, since it forces cardholders to carry balances and pay interest on the account. Generally speaking, cardholders should ideally have a zero-balance at the end of each month, since paying interest is not a good financial move. If left unchecked, interest rates can cause your credit card debt to spiral out of control. Also, it should be noted that the current agreement between Bank of America and Susan G. Komen will last until December 2020. Unless it is renewed past that date, all contributions will stop past that date.

Bank of America Relationship Bonuses

If you bank with BofA, you are eligible to receive a bonus of anywhere between 10% to 75% to the base cash back earning rate of the Susan G. Komen® Credit Card. You receive the 10% boost by simply being a Bank of America customer -- that is having any other account open with issuer (checking, savings, etc.).

If you are a Bank of America Preferred client, you can get an even bigger cash back bonus. The exact amount depends on which level you have reached with the bank.

Effective Rewards Rate
Bank of America Relationship LevelRequired Combined Balances in Bank of America
AccountGasGroceryAll Other Purchases
Only A Credit Card Account-3.00%2.00%1.00%
Checking, Savings, or any other Bank of America AccountAny3.30%2.20%1.10%
Preferred Rewards Gold$20,000+3.75%2.50%1.25%
Preferred Rewards Platinum$50,000+4.50%3.00%1.50%
Preferred Rewards Platinum Honors$100,000+5.25%3.50%1.75%

How Does The Susan G. Komen® Credit Card Compare To Other Credit Cards?

The measure of any credit card rests on how it compares to what else is out there -– a judgment on a card’s value cannot be reached in a vacuum. To that end, we took a look at how this card compares to some other competitors.

Susan G. Komen® Credit Card vs Blue Cash Everyday® Card from American Express

{"align":"align-left","buttonColor":"","buttonIcon":"lock","buttonText":"Apply Now","category":"creditcards","className":"AffiliateBanner--context-credit-card","context":" in context: Banner","cloudinaryImageName":"v1536866710\/blue-cash-everyday_ox9b1n.png","cssNamespace":"AffiliateBanner","disclaimers":["\u003Ca class=\"ShortcodeLink--root AffiliateBanner--disclaimer-link\" rel=\"nofollow noopener\" target=\"_blank\" title=\"See Rates & Fees\" href=\"https:\/\/www.americanexpress.com\/us\/credit-cards\/card-application\/apply\/prospect\/terms\/blue-cash-everyday-credit-card\/26129-10-0\/#terms-details?print\"\u003ESee Rates & Fees.\u003C\/a\u003E Terms Apply.","On American Express' Secure Website"],"imageURL":"","isButtonSquare":null,"isUnavailable":false,"link":"\/redirect\/credit-cards\/9?url=\/pink-ribbon-credit-card","name":"Blue Cash Everyday\u00ae Card from American Express"}

Like the Susan G. Komen® Credit Card, the Blue Cash Everyday® Card from American Express is most rewarding for consumers who spend big at gas stations and supermarkets, though in the opposite order. The Blue Cash Everyday® Card from American Express gives users 3% cash back at U.S. supermarkets on up to $6,000 per year in purchases and an uncapped 2% back at U.S. gas stations. The Blue Cash Everyday® Card from American Express also has $0 annual fee (See Rates & Fees). The $6k annual bonus works out to $1,500 per quarter. Choosing between these two cards is rather simple -- if shopping at U.S. supermarkets makes up a bigger portion of your total budget than gas purchases, the Blue Cash Everyday® Card from American Express is better for you.

For rates and fees of the Blue Cash Everyday® Card from American Express, please click here.

Susan G. Komen® Credit Card vs Citi® Double Cash Card – 18 month BT offer

  • On Citi's Secure Website
{"align":"align-left","buttonColor":"","buttonIcon":"lock","buttonText":"Apply Now","category":"creditcards","className":"AffiliateBanner--context-credit-card","context":" in context: Banner","cloudinaryImageName":"v1572984494\/Double_Cash_nkeu8r.png","cssNamespace":"AffiliateBanner","disclaimers":["On Citi's Secure Website"],"imageURL":"","isButtonSquare":null,"isUnavailable":false,"link":"\/redirect\/credit-cards\/251?url=\/pink-ribbon-credit-card","name":"Citi\u00ae Double Cash Card"}

The Citi® Double Cash Card is a more well-rounded credit card, in that it Earn 2% cash back on purchases: 1% when you buy plus 1% as you pay. This cash back structure makes this card one of our top rewards credit cards. The Susan G. Komen® Credit Card will always outperform the Citi® Double Cash Card – 18 month BT offer when it comes to gas purchases, and match it when it comes to shopping at grocery stores. The question of when you’d benefit more from one versus the other will come down to how your spending breaks down. If at least 50% of your purchases aren't on gas, the fixed-rate on the Citi® Double Cash Card – 18 month BT offer will do better. Otherwise, we recommend going with the Susan G. Komen® Credit Card.

How Does The Susan G. Komen® Credit Card Perform Based On Your Monthly Expenses?

In order to help consumers see how each of the cards we discussed above performs based on their individual spending profile we built an interactive calculator. Input your estimated monthly budget below, and the tool will display for you our estimate for each card’s reward value.

Image
Assumptions based on $1,430 monthly spend
Monthly spending:
$
$
$
$
$
$
$
$
{"cardCategory":"rewards","cardIds":"9,251,1072","initialResultsLimit":5,"endpoint":"https:\/\/creditcards.valuepenguin.com\/api\/creditcards\/models\/rewards","onCurrent":true}

The information related to the Citi® Double Cash Card – 18 month BT offer has been independently collected by ValuePenguin and has not been reviewed or provided by the issuer of this card prior to publication. Terms apply.

Joe Resendiz

Joe Resendiz is a former investment banking analyst for Goldman Sachs, where he covered public sector and infrastructure financing. During his time on Wall Street, Joe worked closely with the debt capital markets team, which allowed him to gain unique insights into the credit market. Joe is currently a research analyst who covers credit cards and the payments industry. He earned a bachelor’s degree from the University of Texas at Austin, where he majored in finance.

These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

Advertiser Disclosure: The products that appear on this site may be from companies from which ValuePenguin receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). ValuePenguin does not include all financial institutions or all products offered available in the marketplace.

How We Calculate Rewards: ValuePenguin calculates the value of rewards by estimating the dollar value of any points, miles or bonuses earned using the card less any associated annual fees. These estimates here are ValuePenguin's alone, not those of the card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer.

Example of how we calculate the rewards rates: When redeemed for travel through Ultimate Rewards, Chase Sapphire Preferred points are worth $0.0125 each. The card awards 2 points on travel and dining and 1 point on everything else. Therefore, we say the card has a 2.5% rewards rate on dining and travel (2 x $0.0125) and a 1.25% rewards rate on everything else (1 x $0.0125).