M&T Bank Updates Visa Credit Card Rewards Structure for Groceries and Gas
M&T Bank has announced enhancements to its M&T Visa® Credit Card with Rewards, introducing a tiered points system designed to incentivize everyday spending. Under the new structure, cardholders can earn 3 points per $1 spent on eligible grocery purchases (capped at $15,000 annually) and 2 points per $1 spent on gas, while all other purchases earn 1 point per $1. The update aims to increase customer value in high-frequency spending categories without introducing an annual fee. The bank maintains flexible redemption options including cash back, travel, and gift cards. This move is part of a broader strategy to provide practical financial solutions for retail banking customers across the eastern United States.
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Topics: Credit Card Retail Banking Rewards Program