Credit Card News

Giant Eagle and FNBO Launch myPerks Pay Rewards Credit Card

by Kyle BurbankNov 1, 2023

Giant Eagle and First National Bank of Omaha (FNBO) have announced the launch of a new co-branded card: the myPerks Pay Rewards Visa Card.

About the card:

First, cardholders will automatically be upgraded to myPerks Pro Status for their first six months. As a result, they’ll be able to earn a total of 5% back in perks value on purchases made at Giant Eagle and Market District locations or inside GetGo location. This includes 3% back from being a myPerks Pro member plus 2% back from being a myPerks Pay Rewards customer. Once the first six months have passed, cardholders will continue to earn 2% back on these purchases.

Elsewhere, the myPerks Pay Rewards card earns 3% back on qualifying dining purchases and 1% back on all other purchases. These earned rewards can then be redeemed toward gas or groceries at Giant Eagle, Market District, or GetGo.

Cardholders can also save money on gas. When using their myPerks Pay Rewards card at GetGo locations, cardholders can save between 5¢ and 30, with the available discount varying by location.

The myPerks Pay Rewards card carried no annual fee. Additionally, it currently offers a welcome bonus. New cardholders can earn a $50 bonus in the form of a statement credit once they are approved and make their first purchase.

What they’re saying:

Commenting on the launch of the card, Giant Eagle spokesperson Jannah Jablonowski said, “We are proud to partner with FNBO and Visa to further evolve our myPerks loyalty program and are excited to provide even more savings opportunities to customers at a time when family budgets are strained by inflation and other constraints.”

Jablonowski continued, “The new myPerks Pay Rewards Visa Card enables customers to earn perks on their everyday purchases to redeem for discounts at Giant Eagle and Market District, and inside GetGo. We are confident the new myPerks Pay Rewards Visa Card will help customers realize meaningful value as they earn rewards more quickly and become more engaged with the benefits of our myPerks loyalty program.”

Additionally, FNBO EVP Jerry O’Flanagan said of working with the grocery chain, “FNBO is thrilled to launch this card with Giant Eagle, a company with a remarkable century-long legacy whose core values closely resonate with our own. For more than 165 years, FNBO has maintained its commitment to helping to build strong communities… Giant Eagle is the perfect partner to work with in keeping and building upon that promise.”

My thoughts:

From what I’ve gathered, the debut of this card corresponds to a revamping of Giant Eagle’s loyalty program. Seeing as I don’t live in an area with any Giant Eagles or GetGos, I unfortunately can’t speak to whether or not this new program is an upgrade. However, looking at the myPerks Pay Rewards card itself, I see some pros and cons.

On the plus side, the welcome bonus is easy to obtain. Additionally, the 3% on dining category is fairly competitive — and is surprising given the branding of the card. As for downsides, the Giant Eagle purchases category is really only attractive if combined with myPerks Pro status for 5%. What’s more, since the card’s rewards can only be redeemed for purchases at Giant Eagle, Market District, or GetGo, the appeal is certainly limited.

Overall, while the card may be a good deal for frequent Giant Eagle or GetGo customers, I think a rewards card such as the Capital One SavorOne — which includes enhanced dining, entertainment, grocery, and streaming categories — is likely a better option for most consumers.

Author

Kyle Burbank

Head Writer ~ Fioney

Kyle is the head writer for Fioney. He is a personal finance nerd, constantly looking for new apps and services to test and incorporate into his own financial game plan. In addition to his role at Fioney, he's written for other publications including Born2Invest, Lifehack, and Laughing Place, as well as his own site Money@30. He also creates personal finance and travel-related videos for Fioney's YouTube channel, which has garnered more than 2 million views. Currently, Kyle resides in Springfield, Missouri with his wife of 10 years. Together, they enjoy traveling (including visiting Disney Parks around the world), dining, and playing with their dog Rigby.

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