Refinance Your Auto Loan and Get Up to $300 Back!

Offer: Refinance your auto loan from another lender to BluCurrent and earn a cash rebate equal to 1% of the refinanced loan’s payoff amount. The rebate is capped at a maximum of $300 per loan. This offer begins March 2nd and is subject to change or end at any time.

Eligibility: Offer available for the refinancing of auto loans currently financed at institutions other than BluCurrent. Existing auto loans already with BluCurrent are not eligible for this promotion. Loan approval is subject to BluCurrent’s standard credit criteria and underwriting; membership with BluCurrent Credit Union is required to receive the loan. You must either be an existing member or qualify for membership and open a primary shares account with a minimum $5 deposit. This promotion is for personal consumer auto loans. Commercial vehicles and other vehicle types such as RVs, boats, etc. do not qualify.

Rebate Payment: Qualifying refinance loans will receive a 1% rebate at the time of loan closing/funding. When the loan is disbursed, the rebate will be deposited into a qualifying share under the same member account number, which may include your primary shares, checking, money market, or My Choice savings account.
The rebate amount is calculated based on the payoff amount required by your current lender to settle the refinanced loan. The rebate does not cover any additional funds or new products, such as GAP Insurance or Debt Protection, added to the loan.
For example, if $20,000 is refinanced, the rebate would be $200; if $40,000 is refinanced, the rebate would be $300 due to the $300 cap. The rebate is not applied toward the loan principal – it is given as a separate cash incentive.

Limitations: No limit per member. Members may receive a rebate for each distinct auto loan they refinance that meets the promotion criteria. Limit one rebate per refinanced loan; refinancing the same loan multiple times will not yield additional bonuses. This offer cannot be combined with any other promotional auto loan incentives or rate discounts that BluCurrent may be running concurrently (whichever promotion is more beneficial to the member can be applied). Refinances on free and clear vehicles do not qualify. Payoff will be made directly to the other lender.

Tax Reporting: The cash rebate you receive is considered interest income. If you receive $10 or more in total interest from BluCurrent during the year (including this rebate and any deposit account interest), it will be reported on IRS Form 1099-INT. Any applicable taxes are the responsibility of the recipient.

Important Notes: Important Notes: Refinancing your auto loan under this promotion does not guarantee that BluCurrent will offer you a lower interest rate or lower monthly payment than your current loan. Depending on your creditworthiness and the remaining term, your APR and payment could stay the same or even increase – the 1% cash rebate is an independent incentive and not a reduction of your loan’s interest charges. We encourage you to consider the overall terms of the new loan (rate, term, payment amount) in addition to the rebate. BluCurrent will provide you with all required Truth-in-Lending disclosures and loan documents detailing the terms of the refinanced loan at or before closing, per federal law. BluCurrent reserves the right to disqualify any refinance loan from this promotion if fraud or misuse of the offer is suspected.

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