First USA and Countrywide Financial Corporation announced that they are partnering to make home financing more rewarding. Following the renewal of a multi-year credit card agreement, the companies have introduced the new Countrywide RewardsSM Platinum VisaÂ® Card with double rewards. This innovative credit card enables cardmembers to earn one point for every dollar spent on purchases and interest, with no point cap. Additionally, customers may redeem the equivalent of one percent back in cash or a retail gift card; or they may double their rewards when redeeming accrued points to pay down their Countrywide mortgage principal balance.
Once cardmembers earn 2,500 points, they can:
– Redeem them for a $50 payment applicable to an outstanding Countrywide mortgage principal balance; or
– Choose a $25 gift card to world-class merchants or a $25 check payable to the cardmember.
First USA is the agent banking division of Chase Bank USA, N.A.
“For more than 37 years, Countrywide has been dedicated to helping Americans realize the dream and benefits of home ownership,” said Ted Bowers, senior vice president, Countrywide Bank, FSB. “Teaming with a card issuer like First USA on the Countrywide Rewards credit card is another example of how Countrywide is committed to making financial products and services available that have great value and relevance to our customers.”
The Countrywide Rewards Platinum Visa Card has no annual fee, no cap on the number of points cardmembers can earn per year, and comes with an introductory zero percent fixed annual percentage rate (APR)**. Working together since 1996, this new product leverages the expertise of both organizations.
“First USA is excited to work with Countrywide to provide their customers with innovative financial products,” said Kian Conley, senior vice president, Financial Institutions at First USA. “This card continues our commitment to introduce a complete suite of card products that enhance our strategic partners’ value propositions, while addressing the needs and lifestyles of our cardmembers.”
Dawn Filandro, senior segment manager, First USA, said: “With no annual fee and no earning cap, this product is another strong financial tool for our mutual customers. By applying their Countrywide Rewards to their principal balance, customers can have help in paying off a mortgage ahead of schedule and save on interest.”
Consumers may contact First USA to apply for the card by calling at 1-888-371-2200 or by visiting http://www.countrywide.com and selecting Credit Card offer in the Quick Links section.
Valid for introductory period so long as you comply with the terms of your account. Also, we apply payments to introductory balances before balances with higher APRs. This means that the length of your introductory period may vary based on your payment amounts and the APRs for other balances on your account. Learn more about rates, fees, and other cost information by reviewing Pricing & Terms.
About Countrywide Financial Corporation
Founded in 1969, Countrywide Financial Corporation (NYSE:CFC) — America’s #1 home loan lender as ranked for 2006 by Inside Mortgage Finance (Feb. 2, 2007), Copyright 2007 — is a member of the S&P 500 and Fortune 500. Countrywide is a diversified financial services firm primarily focused on real estate finance and related activities. Through its family of companies, Countrywide provides mortgage banking, capital markets, global operations and insurance, in domestic and international markets. The company is headquartered in Calabasas, California and has a workforce of more than 50,000 with over 900 offices. For more information about the company, visit Countrywide’s Web site at http://www.countrywide.com.
About First USA
First USA, the agent banking division of Chase Bank USA, N.A., is the outsourced credit card provider for leading retail banks, mortgage firms, investment and insurance companies. Utilizing the First USA brand with Chase’s credit card expertise, First USA provides other Financial Institutions with a world-class credit card program that incorporates each partner’s individual brand and culture. Issuing credit cards on behalf of other Financial Institutions since 1987, First USA’s partner-branch network represents over 3,000 retail touch points. Chase Bank USA, N.A. is a division of JP Morgan Chase & Co. (NYSE:JPM).