One Card Users Continue To Increase Usage, Rebate

For the fourth straight year, the annual CFC U.S. Bank One Card rebate has set a new record. The 473 CFC users earned a collective rebate of $2,872,693—surpassing the 2023 best by more than $42,000—for the most recent plan year, which ended Aug. 31. 

“Member utilization of the program continues to grow and the results continue to be realized in amazing rebate opportunities for our members,” One Card Program Administrator Gregory Crew said.

Rebates Distributed in October 

CFC staff distributed the rebates—prorated based on card use—in October. Most systems received their payment via ACH, or automated clearinghouse, while those not signed up for ACH received a check. 

To earn a rebate, One Card had to generate an aggregate annual charge volume of at least $20 million with an average transaction size of at least $120. The portfolio continued to significantly exceed these requirements with an annual charge volume of more than $214 million, a $9 million increase from the previous plan year.