What happened
Atmos Rewards will credit 50,000 points after a member closes a qualifying home loan with Rate.com. The offer applies to a purchase mortgage as well as a refinance or a home-equity line of credit. The partnership lets members earn Atmos points from home financing rather than only from travel and cards.
Rate.com originates conventional mortgages and jumbo loans. It also originates FHA and VA loans. Approval still depends on ordinary credit checks and underwriting. The rate a borrower receives varies with credit profile. Points can be used on Alaska Airlines and Hawaiian Airlines plus other Atmos partners. The program lists more than 30 airline partners and 1,000-plus destinations.
A mortgage’s interest rate and fees outweigh 50,000 points. Treat the 50,000 points as a tiebreaker only when a home loan is already needed and Rate.com already beats other lenders on rate and full cost.
- Numbers
- 50,000 points: bonus for a qualifying Rate.com mortgage, refinance, or HELOC
- Takeaway
- Treat the 50,000-point bonus as a tiebreaker only if you already need a mortgage, refinance, or HELOC and Rate.com’s rate, fees, and terms beat other lenders.