Ultamate Rewards® Mastercard®
Comenity and related product names are trademarks of their respective owners. Madeen is not affiliated with, sponsored by, endorsed by, or acting on behalf of Comenity. Madeen is an independent credit-card comparison and education service. Issuer websites control current terms, fees, and eligibility.
How we calculate effective rate →
The Ultamate Rewards® Mastercard® from Comenity earns up to 0% effective value on dining in Madeen's catalog snapshot. It has no annual fee. New applicants may see: 500 points when you spend $500 in the first 90 days outside of Ulta Beauty.
- Top category
- Dining
- Effective value
- 0%
- Annual fee
- $0
Best for dining-heavy spend when you want to avoid an annual fee; confirm issuer terms before applying. Best for spenders who put meaningful volume in dining and can earn 0x points. The welcome bonus can help if you can meet the spend requirement.
What does the Ultamate Rewards Mastercard earn in each category?
Dining is the strongest category at 0% effective value (0x points at about 1 cents each). The five-category effective-rate table on this page shows how Ultamate Rewards Mastercard compares across dining, grocery, gas, travel, and other spend.
Dining is the strongest category at 0% effective value (0x points at about 1 cents each). The five-category effective-rate table on this page shows how Ultamate Rewards Mastercard compares across dining, grocery, gas, travel, and other spend.
| Category | Earn rate | Effective value |
|---|---|---|
| Dining Restaurants, cafes, takeout | 0x points | 0% Top category |
| Grocery Supermarkets and grocery stores | 0x points | 0% |
| Gas Gas stations and fuel | 0x points | 0% |
| Travel Flights, hotels, transit | 0x points | 0% |
| Other General everyday spend | 0x points | 0% |
Madeen values Ultamate Rewards at about 1 cents each. Madeen compares every card using this cash-equivalent estimate while still showing the raw earn rate for context.
Who should get the Ultamate Rewards Mastercard?
The Ultamate Rewards Mastercard fits spenders who put meaningful volume in dining and can earn 0x points. Best for spenders who put meaningful volume in dining and can earn 0x points. The welcome bonus can help if you can meet the spend requirement.
Ultamate Rewards Mastercard fits spenders who put meaningful volume in dining and can earn 0x points. Compare it against cards you already carry with Madeen — no bank login required.
Best for spenders who put meaningful volume in dining and can earn 0x points. The welcome bonus can help if you can meet the spend requirement.
Foreign transaction fees make it weaker for international spend. Mostly a flat base earn card without strong category bonuses.
Best for dining-heavy spend when you want to avoid an annual fee; confirm issuer terms before applying.
Pros
- Strongest Madeen category is dining at about 0% effective (0x points).
- No annual fee in our catalog snapshot.
- Welcome bonus may add value if you can meet spend requirements.
Cons
- Charges $3 foreign transaction fees.
- Ultamate Rewards value depends on how you redeem, not straight cash back.
What is the Ultamate Rewards Mastercard welcome bonus?
In Madeen's catalog snapshot, the Ultamate Rewards Mastercard welcome offer is 500 points when you spend $500 in the first 90 days outside of Ulta Beauty. Minimum spend, eligibility, and offer windows are set by the issuer and can change — confirm on the issuer application page before applying.
- Offer
- 500 Ultamate Rewards (~$5 estimated)
- Terms (catalog snapshot)
- 500 points when you spend $500 in the first 90 days outside of Ulta Beauty
- Minimum spend
- $500
- Window
- 90Days
Does the Ultamate Rewards Mastercard have an annual fee?
The Ultamate Rewards Mastercard has an annual fee of $0 and a foreign transaction fee of $3. Confirm current fees on the issuer page before applying.
- Annual fee
- $0
- Foreign transaction fee
- $3
What benefits come with the Ultamate Rewards Mastercard?
The Ultamate Rewards Mastercard includes Global emergency services, HealthLock, Instacart in our snapshot. Perks and benefits can change; verify coverage on the issuer site before you rely on them.
Mastercard Transit Benefit
$200/yrSave when you tap and go with your eligible Mastercard and receive a $2.50 statement credit when you spend $10 or more each month at participating transit systems.
Instacart
$140/yrGroceries and more delivered in as fast as one hour. Get $10 off your second order each month, and new Instacart+ members can also get three free months of Instacart+.
Global emergency services
$10/yrCall 1-800-MASTERCARD (1-800-627-8372) for 24/7 assistance to report a lost or stolen card.
HealthLock
$10/yrEnjoy a HealthLock for Mastercard Medical Claim Monitor complimentary membership plus a 90-day upgrade to all HealthLock services at no monthly cost.
Mastercard ID Theft Protection
$10/yrMonitor your credit file for fraud, get alerts for suspicious activity and access a resolution specialist.
Mastercard Music and Entertainment Access benefit
$10/yrMastercard gives you exclusive access to ticket presales at top venues and festivals across the U.S. Eligibility restrictions, exclusions and terms apply. Offer expires 3/31/2027.
Protection wherever you shop
$10/yrWith Mastercard Zero Liability protection you’re protected against unauthorized transactions in stores, online and in app.
Related encyclopedia topics
Common questions about the Ultamate Rewards Mastercard
Does the Ultamate Rewards Mastercard have an annual fee?
The Ultamate Rewards Mastercard carries an annual fee of $0 in Madeen's catalog snapshot. Issuer terms can change, so confirm the current fee on the issuer's site before you apply. Madeen does not predict approval or prequalification.
What category earns the most with the Ultamate Rewards Mastercard?
Dining is the strongest Madeen category for the Ultamate Rewards Mastercard at about 0% effective value, based on our catalog snapshot and standard point valuations. Other categories are listed in the effective-rate table on this page.
Does the Ultamate Rewards Mastercard charge foreign transaction fees?
The Ultamate Rewards Mastercard charges a foreign transaction fee of $3 in our catalog snapshot. Check issuer terms before international spend because rates and fee waivers can change.
What is the Ultamate Rewards Mastercard welcome bonus?
The Ultamate Rewards Mastercard welcome offer in our snapshot: 500 points when you spend $500 in the first 90 days outside of Ulta Beauty. Minimum spend, eligibility, and offer windows are set by the issuer and can change.
What credit score do you need for the Ultamate Rewards Mastercard?
Madeen's catalog lists a typical credit range of Fair for the Ultamate Rewards Mastercard. Issuers decide approval using their own criteria; Madeen does not predict approval odds or prequalification.
How do you redeem rewards on the Ultamate Rewards Mastercard?
Rewards on the Ultamate Rewards Mastercard post as Ultamate Rewards. Redemption value depends on how you use Ultamate Rewards (statement credit, travel, transfers, or issuer portals). Madeen shows effective cash-equivalent rates using standard valuations.
How does the Ultamate Rewards Mastercard compare to similar cards?
Compare the Ultamate Rewards Mastercard against Forever 21 Visa (3.3% on Dining, $0 fee); Bread Rewards™ American Express (3% on Dining, $0 fee); GasBuddy™ Mastercard (3% on Dining, $0 fee). Madeen ranks effective value by category and annual fee using the same catalog snapshot dated 2026-05-01.
| Card | Top category | Effective value | Annual fee |
|---|---|---|---|
Ultamate Rewards Mastercard This card | Dining | 0% | $0 |
Comenity | Dining | 3.3% | $0 |
Comenity | Dining | 3% | $0 |
Comenity | Dining | 3% | $0 |
Comenity | Dining | 3% | $0 |
Where this card ranks
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Comenity and related product names are trademarks of their respective owners. Madeen is not affiliated with, sponsored by, endorsed by, or acting on behalf of Comenity. Madeen is an independent credit-card comparison and education service. Issuer websites control current terms, fees, and eligibility.
Madeen compares cards you add to your wallet using published catalog rules — no bank login required. Issuer pages control current fees, caps, exclusions, and eligibility; Madeen does not issue cards, make approval decisions, or provide financial advice. Apply links are temporarily hidden on madeen.app. Affiliate disclosure