Rocket Rolls Out Rewards Program That Can Be Put Towards Closing Costs

Rocket Companies has rolled out a rewards program that allows consumers to get points towards various transactions across Rocket’s platforms, the company announced.

In its first phase, consumers will be able to use Rocket Rewards on closing costs when financing a home through Rocket Mortgage.

“Rocket Companies is known for delivering exceptional client service and the introduction of Rocket Rewards continues that trend – showing our appreciation for clients by offering incentives at various points throughout their financial journey,” said Jay Farner, Vice Chairman and CEO of Rocket Companies. 

Home shoppers need to create an account and visit the rewards page. New clients will get a 7,500-point welcome bonus, or $75, which can be used on closing costs.

More points can be acquired by completing different tasks, such as reading and watching content on the Rocket Mortgage learning center or using its mortgage calculator. The company hopes to expand the number of ways consumers can get points in the future.

“Phase one of Rocket Rewards empowers consumers to gain knowledge and understanding of the homebuying process while simultaneously accruing points, and ultimately money, that can help reduce costs when they are ready to buy a home,” said Jenn Steeves-Kiss, Chief Experience Officer for Rocket Central.

“What’s most exciting to me is that we are just scratching the surface of what’s possible with a powerful rewards program inside the Rocket ecosystem – whether that is finding innovative ways to provide discounts toward personal loans, free premium Rocket Money subscriptions or even money off the installation of solar panels.”