M&T Rewards FAQs | M&T Bank (2022)

Most customers access their M&T Rewards account by using or the . You can also get information about your account and redeem by phone by calling the Rewards Customer Service Center at 1-866-579-2335.

The M&T Rewards Program (“Program”) is subject to the M&T Rewards Program Terms & Conditions (“Program Terms & Conditions”). Unless you are participating in a limited-time promotional offer, M&T Visa® Credit Cards with Rewards earn 1 point for every $1 in Purchases and M&T Visa® Signature Credit Cards and M&T Business Rewards Credit Cards earn 1.5 points for every $1 in Purchases. Points are awarded per qualifying transaction and rounded to the nearest whole number. Rewards points are subject to change and/or discontinuation without notice. Additional exclusions and terms apply. Full Program Terms & Conditions, Definitions, and other Program information can be found at rewards.mtb.com.

How do I enroll?

The , and are automatically enrolled in M&T Rewards at the time an account is opened, so point earning begins immediately.

The M&T Rewards Program (“Program”) is subject to the M&T Rewards Program Terms & Conditions (“Program Terms & Conditions”). Unless you are participating in a limited-time promotional offer, M&T Visa® Credit Cards with Rewards earn 1 point for every $1 in Purchases and M&T Visa® Signature Credit Cards and M&T Business Rewards Credit Cards earn 1.5 points for every $1 in Purchases. Points are awarded per qualifying transaction and rounded to the nearest whole number. Rewards points are subject to change and/or discontinuation without notice. Additional exclusions and terms apply. Full Program Terms & Conditions, Definitions, and other Program information can be found at rewards.mtb.com.

How do I redeem my points?

To view your Rewards program account information, you can log into Online Bankingor our mobile app.

  1. Log in to online banking or the mobile app
  2. On the Account Summary page, you can view your rewards points balance under the credit card section
  3. Select the account you wish to redeem
  4. On the Account Details page, select the “Redeem” button

From this point you will be taken via a secure portal to the Rewards site where you can view or redeem your points and other program information.

If you are a Business Rewards Credit Card cardholder, please contact your online banking admin to gain access to the company’s rewards.

Are there hidden fees?

There are no fees associated with your M&T Rewards account. Please refer to your Credit Card Agreement for all fees and terms associated with your credit card account.

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The M&T Rewards Terms & Conditions can be found by going torewards.mtb.comand clicking the Terms of Use link at the bottom of the page.

How do I earn points?

Your card is automatically enrolled in M&T Rewards and earns the following points for every purchase:

M&T Visa® Credit Card with Rewards: 1 point for every $1 spent
M&T Visa®Signature Card: 1.5 points for every $1 spent
M&T Business Rewards Card: 1.5 points for every $1 spent

Are there earning caps?

There is no limit to the amount of points you can earn on eligible purchases, unless otherwise specified within a special promotional offer.

Which transactions earn points?

Any transaction that posts as a purchase to your M&T Visa® Credit Card with Rewards, M&T Visa® Signature Credit Card, or M&T Business Rewards Credit Card will earn points. The chart below gives some examples of what does or does not qualify to earn points:

TRANSACTION TYPEEARN POINTS?
Store purchaseYes
Online purchaseYes
Digital wallet purchaseYes
Bill payment (automatic or one-time)Yes
Tax paymentYes
Balance transferNo
Cash advanceNo
Overdraft transfer to checking accountNo
Credit card feesNo
Can authorized users earn rewards points for my Rewards account and will they be able to use or redeem the rewards points?

Only authorized users can earn rewards points for the account. However, authorized users cannot use or redeem the rewards points. Only primary and joint owners will be able to redeem points.

Do points expire?

Rewards do not expire; however, your rewards balance will be forfeited on the first day of the calendar month following the month in which your account becomes an inactive account. An inactive account refers to an account that has not used the associated credit card to make a purchase in the previous 12-month period. For example, if you make a purchase with your M&T credit card on January 15th, and do not make an additional purchase before January 15th of the following year, your point balance will then be forfeited on February 1st.

What qualifies as an active account?

An active account, for the purposes of the M&T Rewards program, is an account that has made a purchase in the previous 12-month period. Transferring points, making payments on your outstanding balance and using your credit card for transactions that are not purchases (such as cash advances, overdraft advances, balance transfers, etc.) do not qualify your account to be considered an active account.

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What happens if I fail to make my minimum payment?

If your account is past due, you will be unable to redeem your points. However, no points will be lost, and your points will be made available again once the account is brought current.

What happens if my credit is revoked?

If your account is closed by M&T Bank for any reason, any outstanding point balance will be forfeited immediately.

What happens if I close my credit card account?

If your account is closed by you, you will have 45 days to redeem your points by calling 1-866-579-2335. After the 45-day window, any outstanding point balances will be forfeited.

What happens if my card is lost, stolen or expires?

You will continue to have access to your existing point balance and points earned with your new card will continue to be added to your existing M&T Rewards account.

What is a point worth?

A point is worth $0.01 when redeemed for cash, gift cards or airline travel and worth approximately $0.01 when redeemed for items that may vary in value such as merchandise and travel packages.

Can I change the email I receive my rewards to?

All rewards communications & digital redemptions such as e-gift cards will be sent to the primary email address on file for the cardholder with M&T. To update your email address, log in to M&T Online Banking and select “My Profile”. Please allow up to 72 hours for the changes to take effect within your Rewards Dashboard.

Can I update my address just for Rewards?

All rewards redemptions will be sent to the primary address on file for the credit card. Alternative addresses will not be accepted for rewards redemptions. To update your address on file, please stop in to your local branch or call the M&T Contact Center at 1-866-279-0888. Please allow up to 72 hours for the changes to take effect within your Rewards Dashboard.

What can I redeem my points for?

The M&T Rewards program offers a variety of redemption options including cash back redemptions to an M&T Checking or Savings account, to your credit card in the form of statement credit, physical and e-gift cards, merchandise, and travel options including air, car rental and hotel.

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What is an authorized redeemer and how do I add someone as an authorized redeemer?

An authorized redeemer is an individual authorized by you, the primary or joint owner, to use or redeem rewards points. You can add someone to your Rewards account as an authorized redeemer by calling the Rewards Customer Service Center at 1-866-579-2335.

How can an authorized redeemer make redemptions on my behalf?

Authorized redeemers will need to call the Rewards Customer Service Center at 1-866-579-2335 in order to redeem rewards points. Authorized redeemers do not have access to your M&T Rewards account through the Rewards website.

Can I make a purchase and pay with my points?

Yes. There is a feature within your Rewards Dashboard called Pay Me Back. Pay Me Back allows you to use points to cover a transaction that has posted to your credit card account. This is not a point of sale redemption option and partial redemptions cannot be made. You must have enough points to “erase” the full amount of the purchase.

What is the minimum purchase amount in order to use the Pay Me Back feature?

Purchases over $1 are eligible to “erase” if your point balance is greater than or equal to the points needed to redeem.

How far back can I use Pay Me Back?

Eligible purchases must be made within the last 90 days. This period will not always align with your current statement.

I used Pay Me Back on one of my purchases but I still see the purchase on my statement. Did I do it right?

All purchases will remain on your M&T Bank credit card statement; however, you will also see an M&T Rewards Statement Credit, with the description “M&T REWARDS PAY ME BACK”, on your next cycle for the value of the redemption. Please allow 2-3 business days for this to process and appear online.

Are there airline restrictions when redeeming for travel?

You can book flights on any major US airline through M&T Rewards.

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Are there booking fees?

There are no booking fees when booking travel through M&T Rewards for airline, hotel or car rental bookings

For other travel redemptions, including cruise, vacation and event bookings, there are no booking fees if purchasing with rewards points or a combination of rewards points and a credit card. A booking fee may apply for other travel redemptions when purchased solely with a credit card and no rewards points.

Can I transfer or give away my points?

Consumer Cardholders can combine their points by transferring points between M&T Rewards accounts by logging into their Rewards program account through M&T Online Banking or the M&T mobile app to transfer points to another account.

What is cash back?

Cash back can be a statement credit to the credit card associated with your M&T Rewards account or a deposit posted to your M&T Bank checking or savings account.

How do I redeem for cash back?

You can redeem for cash back, or any of the available redemption options, by using the M&T mobile app, your online account or calling Rewards Customer Service at 1-866-579-2335.

Watch video on cash back redemption >

Can I receive cash back automatically?

Absolutely. Log in to your Rewards program account using your M&T Online Banking account, the M&T mobile app or call 1-866-579-2335 to set up automatic redemption under the cash redemption option. Auto redemption is also referred to as ‘Sweep Your Rewards’. You can auto-redeem for credit card statement credits or cash deposited into your M&T checking or savings account.

The minimum threshold for automatic redemption is $50 (5,000 points). If enrolled in automatic redemption, and your point balance exceeds the $50 (5,000 points) threshold, you will receive a credit for the entire available points balance. For example, if you have earned 6,025 points, your account will receive a $60.25 credit when your automatic redemption takes place. If you have earned 4,500 points, you would not receive a credit as part of an automatic redemption because your point balance did not meet or exceed the minimum threshold of $50 (5,000 points).

Watch video on how to auto redeem >

When will automatic cash back post to my account?

All points redeemed through automatic redemption will be redeemed on the 15th (or first business day following the 15th) of every calendar month. Please allow two to three business days for the automatic redemption credit to post to the corresponding enrolled M&T checking, savings or credit card.

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FAQs

How much are M&T points worth? ›

A point is worth $0.01 when redeemed for cash, gift cards or airline travel and worth approximately $0.01 when redeemed for items that may vary in value such as merchandise and travel packages.

Do cash rewards and benefits expire? ›

As long as your account remains in good standing, Cash Rewards do not expire. Forfeiture Cash Rewards are subject to forfeiture.

What are M&T payback points? ›

The M&T Visa® Credit Card with Rewards lets you reward yourself for every purchase. Earn 1 point per $1 spent on every purchase, no earning cap.

Where can I use M life rewards? ›

You can redeem M life Rewards points for free slot play at MGM Resorts. To do so, just select POINTPlay from the menu at any slot machine. Or, you can convert M life Rewards points to Express Comps at any M life Rewards desk.

How do I redeem my cash wise rewards? ›

How it Works
  1. Purchase specially marked items at your local Coborn's, Cash Wise or Marketplace Foods Stores.
  2. For each qualifying item purchased, receive the Fuel Rewards corresponding to that item. ...
  3. After you collect any amount of Fuel Rewards you can use them on a fuel purchase at one of our participating fuel locations.

What is 10000 Thank You points worth? ›

ThankYou points can be used to book travel purchases made through the ThankYou travel portal at a rate of 1 cent per point. This means 10,000 points would be worth $100 towards travel.

How much is 20000 reward points worth? ›

20,000 Chase points are worth $214 with most Chase credit cards, whether you spend them on travel, cash back, gift cards, experiences or shopping. With a few Chase cards, 20,000 points can be worth 25% - 50% more when redeemed for travel through Chase Ultimate Rewards.

Can you lose cash rewards? ›

It's most common for cash back credit card rewards to expire after the cardholder or issuer closes the account, or after a certain period of account inactivity. In general, you can avoid losing cash back rewards by redeeming often, using your card regularly, and keeping your account open and in good standing.

Should I wait to redeem cash rewards? ›

You should redeem cash back as soon as you can because it continually loses value due to inflation. Even though your cash back won't lose much of its value year to year, it doesn't make sense to hold on to it. Maximize its value by redeeming it immediately.

Can I use a reward the day it expires? ›

And this leads us to a very important question. Can you use a coupon the day it expires? Yes, you can use a coupon the day it expires. In-store coupons are valid through the end of the business day on their expiration date, while online coupons typically expire at the end of the calendar day.

How can I convert my PAYBACK points to cash? ›

You can redeem your points via the following methods:
  1. Call the PAYBACK customer care line and place your order. ...
  2. Visit the PAYBACK website : www.payback.in and place a request for redemption online. ...
  3. Visit any PAYBACK Partner store to redeem your points against your purchase.
  4. Redeem your points at online partner stores.

How much cash back is 60000 points? ›

For example, 60,000 points are worth $750 when redeemed for travel purchases, or $600 when redeemed for cash.

How much is 65000 points worth? ›

How Much Marriott Bonvoy Points Are Worth
CategoryValue
Average Value of 65,000 Points$637
Minimum Value of 1 Point0.35 cents
Maximum Value of 1 Point2.42 cents
Value of 1 Point Toward Travel0.98 cents
1 Aug 2022

Can my wife use my MLife card? ›

But yes, you and your spouse can have your accounts "linked" so the points all go into one "virtual" heap.

Is MLife a credit card? ›

Is the MGM Rewards Credit Card (Mlife credit card) worth it? The MGM Rewards MasterCard is a decent option for MGM Mlife fans if they're looking for a fee free credit card with a few perks for casino visits and another way to earn tier credits towards tier level status.

Is MLife rewards the same as MGM rewards? ›

The name change from M life Rewards to MGM Rewards is just the start. Among the most notable changes to the program include complimentary self-parking with Pearl status or higher, and — for the highest tiers of status — air travel credits for flights to Las Vegas, complimentary cruises and dinner parties.

How do I check my more rewards points? ›

To check your points total, simply log into www.morerewards.ca and your points total will be displayed at the top of the page under your name.

How do I get fuel rewards? ›

Ways to Earn Fuel Rewards® Savings
  1. Dining. Earn 10¢/gal for every $50 you spend at participating restaurants with a linked credit card. ...
  2. In-Store Rewards. Earn rewards on select items at participating Shell stores. ...
  3. Online Shopping. ...
  4. Event Tickets. ...
  5. Featured Offers. ...
  6. Rental Cars.

Is Cash Wise a credit card? ›

The Wells Fargo Cash Wise Visa® card is a solid $0-annual-fee cash-back credit card, offering 1.5% cash back on purchases, an introductory 0% APR period and a decent sign-up bonus.

How many points is 1000 dollars? ›

Conversation Table (with latest exchange rate)
XP [Experience Points]USD [US Dollar]
20 Experience Points=0.004128 US Dollar
50 Experience Points=0.010321 US Dollar
100 Experience Points=0.020642 US Dollar
1000 Experience Points=0.206421 US Dollar
7 more rows

How much is 25000 points worth? ›

25,000 travel points are worth $250, on average, though the value depends on the card's rewards program and the redemption method. For example, Bank of America Travel Rewards points are worth 1 cent per point when redeemed for travel, so 25,000 points are worth $250.

How many dollars is 40000 points? ›

Airline miles to dollars: An overview

Based on NerdWallet's most recent analysis, here's how 40,000 miles shakes out in dollar values across major U.S. airlines. You should expect 40,000 miles to be worth about $493.

How much is 2500 ThankYou points worth? ›

Sign-up bonus: Earn 2,500 bonus points after you spend $500 in purchases with your card within 3 months of account opening; redeemable for a $25 gift card at thankyou.com.

How many dollars is 100000 points? ›

100,000 points are worth $2,200 per our valuations, and you can use them in a variety of different ways. Think international business class, free domestic airfare, and stays in luxurious hotel suites.

How much is 2000 Everyday reward points worth? ›

If your Rewards choice is Money off your shopping, every 2000 Everyday Rewards points you collect will save you $10 Everyday Rewards dollars off a future shop.

How many dollars is 50000 points? ›

50,000 Chase points are worth $535 with most Chase credit cards, whether you spend them on travel, cash back, gift cards, experiences or shopping.

How many reward points make a dollar? ›

Points are often worth about 1 cent each, but the value can depend on your card, the card issuer and how you redeem. Redemption options can include travel, cash back, gift cards and merchandise. For example, 10,000 points may be worth $100 when spent on gift cards but only $60 as a statement credit.

How do reward points work? ›

Reward points are a type of incentive earned through making purchases in select categories. Points can be earned through bonus promotions or by making purchases in certain categories such as dining, travel, gas and more.

What happens if I redeem my cash rewards? ›

Most commonly, you may redeem cash rewards for a check or statement credit toward your card balance, but some cards offer other options, too. And to get the best value, you'll also want to make sure you have the best cash back card for the purchases you make most.

Is it better to get rewards or cash back? ›

If you travel often, you're likely to get more value out of a rewards card that offers points instead of cash back. But if traveling isn't your thing, or you value simplicity and low annual fees, a cash back credit card may be a better choice for you.

What can I do with my cash back rewards? ›

There are many ways to use cash back. Some of the most popular redemption methods include statement credits, online shopping and gift cards. Certain cards also allow you to deposit your cash back directly into a bank account or use it to make a charitable donation.

How long do your rewards take to be credited to your account? ›

Rewards are usually visible online within 10 days of when they're earned, but they could take up to two statement cycles to post to your account and become available for redemption.

Can I use reward points to pay credit card bill? ›

For some cards, accumulated reward points can be used towards your next credit card payment. In some cases, redemption options include requesting your reward points as cash payment through a check or direct deposit, which you can then use to pay for your next credit card payment.

How long does it take for cash rewards to post? ›

Cash back is posted as quickly as possible, but the time it takes varies up to 7 days depending on the type of card used at the participating merchant. Most Visa transactions com through within a few seconds to 10 minutes after a purchase is made. Amex and MasterCard transactions can take 2-7 days to show up.

How long do reward points last? ›

In most cases, your points or miles will expire in 12 to 24 months from your last "account activity," which could be anything from purchasing points or miles to taking a flight to using an airline or hotel credit card to make a purchase.

How long do reward cards last? ›

The period of time will vary depending on the card issuer, but 18 months is common. If your card is closed due to inactivity, you may still be able to collect your points if your provider allows for a grace period.

What is the validity of reward points? ›

Reward points are valid only for 2 years from the date of accumulation.

How much is 1000 points worth? ›

Chase Points Value by Redemption Method
Redemption MethodAverage Point ValueValue of 1,000 Points
Gift Cards1 cent$10
Shop With Points1 cent$10
Experiences1 cent$10
Travel PartnersVariesVaries
5 more rows
3 Nov 2022

How much is 15000 Expedia+ points worth? ›

The 15,000 point sign-up bonus is worth: ~$90 worth of flights (15,000 points x ~0.6 cents per point) ~$100 worth of Expedia hotel nights @ 3,500 points per $25 coupon (4 coupons) ~$200 worth of Expedia +VIP Access hotel nights @ 3,500 points per $50 coupon (4 coupons)

How much is 100 m and S points worth? ›

Collect 1 rewards point for every £1 spent in M&S and 1 rewards point for every £5 spent elsewhere. 100 rewards points = £1 in M&S vouchers. With M&S Club Rewards you'll receive an extra 2 rewards points per £1 spent in M&S.

How do I calculate my reward points for cash? ›

Yes, There's Math. The math is simple: Multiply the dollar value of the reward by 100 and divide that by the number of points. Our example looks like this: (650 x 100)/50,000 = 1.3.

How much is 35000 points worth? ›

How Much Marriott Bonvoy Points Are Worth
CategoryValue
Average Value of 35,000 Points$343
Minimum Value of 1 Point0.35 cents
Maximum Value of 1 Point2.42 cents
Value of 1 Point Toward Travel0.98 cents
2 Aug 2022

How much money is 100k points worth? ›

How Much Marriott Bonvoy Points Are Worth
CategoryValue
Average Value of 100,000 Points$980
Minimum Value of 1 Point0.35 cents
Maximum Value of 1 Point2.42 cents
Value of 1 Point Toward Travel0.98 cents
28 Jul 2022

How much is 50000 points worth? ›

Airline rewards values
Rewards programBankrate value*Estimated value of 50,000 points/miles
American Airlines AAdvantage1 cent$500
Avianca Airlines LifeMiles0.8 cents$400
Avios (average)1.2 cents$600
British Airways (Avios)0.7 cents$350
27 more rows
31 Aug 2022

How much is 40k a points worth? ›

You should expect 40,000 miles to be worth about $493.
...
Airline miles to dollars: An overview.
AirlineEstimated value of 40,000 miles
Alaska Airlines$480.
American Airlines$600.
Delta Air Lines$600.
Frontier Airlines$360.
5 more rows
16 Sept 2022

How many points is 100 dollars? ›

Choosing the Discount Amount
5% discount rate (1 point = $0.05)10% discount rate (1 point = $0.10)20% discount rate (1 point = $0.20)
20 points = $110 points = $15 points = $1
100 points = $550 points = $525 points = $5
200 points=$10100 points=$1050 points = $10
400 points=$20200 points=$20100 points=$20
1 more row

How many points equal a dollar? ›

Amex Points Needed to Equal a Dollar
RedemptionPoint ValuePoints to equal $1
Online Checkout0.5 - 1 cents per point100-200 points
Gift cards0.5 - 1 cents per point100-200 points
Statement credit (cash back)0.6 cents per point167 points
Travel (flights, hotels, cruises, etc.)0.5 - 1 cents per point100-200 points
1 more row
9 Mar 2022

How much is 125000 Mr points worth? ›

We generally value Membership Rewards points at about 2.2 cents per point, which means that a 100,000 Membership Rewards points bonus offer is worth ~$2,200, a 125,000-point bonus is worth ~$2,750, and a 150,000-point bonus is worth $3,300.

What happens when you reach 2000 points on Everyday Rewards? ›

Every time you hit 2000 points, you'll get $10 off a future eligible~ shop. You can use your money off your shop immediately or save it for a later date. Your Everyday Rewards points balance will reset after you reach 2000 points, so you can enjoy a little more all over again!

Can you have 2 Everyday Rewards Cards? ›

No, you can't share or transfer Everyday Rewards points that are earned on separate accounts. But you could choose one account and order an additional card so that all future rewards are pooled. Everyday Rewards does allow you to link other Rewards cards to your account if you want to share fuel discounts.

Can I use Everyday Rewards to buy gift cards? ›

The Gifting Store is a new way to buy eGift Cards. It is accessible through the Everyday Rewards app. Once you have signed up to use Everyday Pay, you will be able to purchase WISH, Woolworths Supermarket, BIG W, Dan Murphy's, BWS, Essentials, Simply Groceries and Fuel eGift Cards.

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