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Harvard Federal Credit UnionChecked Oct 4, 2026

Harvard Alumni World MasterCard

10,000 rewards points after you spend $500 in 3 months. No annual fee.

Welcome offer
Annual fee
Purchase APR
Foreign transaction fee
Read the card agreementRates and fees

We don't earn anything from this link. Select any underlined figure to see where it comes from.

What it's worth

Yearly value in dollars: rewards and credits minus the annual fee, for three ways of spending. First year includes any welcome bonus.
SpendingFirst yearAfter
Light spender$280$180
Typical spender$530$430
Heavy spender$975$875
The spending each assumes, a month
  • Light spender: groceries $300, dining $100, gas $100, everything else $500
  • Typical spender: groceries $600, dining $300, gas $200, travel $150, everything else $1,250
  • Heavy spender: groceries $900, dining $600, gas $300, travel $600, airfare $300, hotels $300, everything else $2,500

Assumed: not counted: 2x Gifts to Harvard University; points valued at an assumed 1¢.

Estimates from the published terms above, as checked Oct 4, 2026; not advice. How we value cards

How it compares

  • No annual fee, like about 100% of the 49 cards on our 0% intro APR list (see the list).
  • Lower top APR than about 90% of the 50 cards on our 0% intro APR list (see the list).
  • Worth more to a typical spender than about 85% of the 650 cards we track.

Shares rounded to 5 points. Fees and APRs as stated; value for our typical spender. Method

Welcome offer

10,000 points

After you spend $500 on purchases in your first 3 months.

Transactions must post within 90 days of the account open date; limited to one bonus offer per new account and to new customers opening an account in response to the offer. Allow 8–12 weeks for the bonus to post.

Spending it takes$167 a monthfor 3 months
Tracking sinceOct 4, 2026history will chart every change

How you earn · Rewards Program

  • 2%Gas
  • 2%Groceries
  • 2%Dining
  • 2× pointsGifts to Harvard University
  • 1%Everything else

Rates and fees

Annual fee
Purchase APRvariable
Intro APR12 months
Balance transfer APR
Balance transfer fee
Cash advance APR
Foreign transactions
Minimum interest charge

Carrying a balance? See how long it takes to pay off

Benefits

  • Redeem points for travel and receive 25% more value.
  • Travel rewards may be used toward flights, hotels, car rentals, cruises and more, with no blackout dates or restrictions.
  • No foreign transaction fees.
  • Zero liability for unauthorized charges.
  • I.D. theft protection with real-time account monitoring.
  • Fraud and transaction alerts by text or email.
  • 24-hour worldwide assistance through Mastercard Global Services.
  • Free access to a FICO credit score when opening a new cardholder account.
  • Other

Questions

What is the annual fee?
None Reported to the CFPB, Dec 31, 2025, since Sep 29, 2026
Does it charge a foreign transaction fee?
No. Reported to the CFPB, Dec 31, 2025, since Oct 4, 2026
What is the purchase APR?
13.24–18.00% APR Reported to the CFPB, Dec 31, 2025, since Sep 29, 2026
Is there an intro APR?
0% for 12 months. Reported to the CFPB, Dec 31, 2025, since Sep 29, 2026
Is there a welcome bonus?
10,000 rewards points after $500 in purchases in 3 months. harvardcard.com, since Oct 2, 2026

Other cash back cards with no annual fee

Against this card, for our typical spender's value (rewards and credits minus fees, after the first year).