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Personal Banking

Member Rewards Checking Cash Back

Earn 1% cash back on Qualified Purchases1

Eligibility

You must have a Member Rewards Checking account open for at least 30 days, and meet one of the following requirements to qualify to earn unlimited cash back:

  • Receive $1,000 worth of direct deposits into your Member Rewards Checking account from an employer or another source of income, or

  • Keep an average balance of $1,000 or more in your Member Rewards Checking account

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How to Earn Cash Back

  • Use your LendingClub Bank debit card to make qualified purchases at your favorite retailers in-store and online

  • Cash Back Rewards are earned monthly, so if you don’t qualify in one month, you can still earn in the next!

  • You can choose to credit your earned cash back to your Member Rewards Checking account or have it applied to your loan balance. Cash back rewards are credited at the end of the month following the earning period.

Why choose LendingClub?

This representative was extremely kind, courteous, helpful, and knowledgeable. She was successfully able to resolve my issue quickly, and was very kind and attentive during the process. This representative sets a great example of what excellent customer service is.

- Joseph S.

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  1. Member Rewards Cash Back Rewards: The Debit Card Rewards Program (“Cash Back Rewards”) provides 1.00% cash-back on all Qualified Purchases using a debit card tied to an Eligible Account.  Eligible Accounts are:  Member Rewards Checking accounts that meet the following requirements for the calendar month in review: (1) Maintain an average monthly balance of at least $1,000.00; or (2) Receives at least $1,000.00 in Qualifying Direct Deposits.

    Qualifying Direct Deposits are defined as: Recurring Automated Clearing House (ACH) credits, including payroll, pension or government payments (such as Social Security) made by your employer, or an outside agency. We may require documentation to verify that credits are Qualifying Direct Deposits. Qualifying Direct Deposits do not include peer to peer payments or ACH transfers (funds transfers) from your external accounts. 

    Qualified Purchases are defined as: Signature-based purchases made using the debit card tied to an Eligible Account.  These are “credit” purchases that can be made in stores and online. To make a signature-based purchase, select “credit” rather than debit at point-of-sale kiosks. The “credit” option is most often pre-selected when making purchases online using a debit card. Online subscription payments may not be considered signature-based purchases. The payment transaction type (signature-based or other) is ultimately decided by the merchant and is based on how the transaction is transmitted at the time of processing. Qualified Purchases do not include: (1) any goods or services purchased that are returned or otherwise credited to your Eligible Account; (2) unlawful purchases; or (3) purchases of currency, cash or cash equivalents (including, without limitation, currency from the U.S. Mint, Travelers Checks, gift cards, cryptocurrency, casino chips, peer to peer payments, prepaid debit cards, account openings, loan payments,  or other cash equivalents).
    Any earned Cash Back Rewards will be credited to your account on or before the 10th calendar day of the next calendar month.  The Eligible Account must be open and active at the time the Cash Back Reward is credited.  

  2. Any reviews presented are individual experiences and results may vary. Reviews are collected and authenticated by Bazaarvoice. Any average rating presented is based on these reviews. All reviews can be accessed at https://www.lendingclub.com/company/reviews.

Any reviews presented are individual experiences and results may vary. Reviews are collected and authenticated by Bazaarvoice. Any average rating presented is based on these reviews. All reviews can be accessed at https://www.lendingclub.com/company/reviews.

Unless otherwise specified, all credit and deposit products are provided by LendingClub Bank, N.A., Member FDIC, Equal Housing Lender (“LendingClub Bank”), a wholly-owned subsidiary of LendingClub Corporation, NMLS ID 167439. Credit products are subject to credit approval and may be subject to sufficient investor commitment. Credit union membership may be required. Deposit accounts are subject to approval. Deposit products are FDIC-insured up to $250,000 per depositor, per ownership category.

"LendingClub" and the "LC" symbol are trademarks of LendingClub Bank.

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