Citi confirms it has successfully completed the acquisition and conversion of Costco’s U.S. co-brand credit card portfolio from American Express. Citi acquired in excess of $10.5 billion of credit card receivables. The new Costco Anywhere Visa Card by Citi and Costco Anywhere Visa Business Card by Citi are available exclusively to Costco members. The long-term…
CardWeb.com’s CardData Reports today features the “2015 European Contactless Card Payments Landscape” report from
Mercator Advisory Group.
Malaysia Airlines is taking-off with special deals and benefits for all MasterCard debit and credit cardholders purchasing air tickets. The deals are effective from April 13; the offers will be valid till July 13 for purchase, and the travel period extends to July 31st, 2015.
The Red Roof Inn is finally getting its own cobranded credit card. ADS Retail Services is expanding its footprint into the hospitality industry as a result of the deal.
Expedia has teamed with Citibank to launch a new travel cobranded credit card program to accelerate earning Expedia+ rewards bonus points. The program includes two new chip-enabled credit cards, the Expedia+ Card and the Expedia+ Voyager Card from Citi which run on the MasterCard network.
To lighten the weight of a pilot’s wallet, EPIC cardholders can utilize the iGo EPIC app to transact with a digital card and access account-specific pricing for Preferred EPIC Card FBO locations. The EPIC Card can now be presented at thousands of fixed-base operator (FBO) locations globally that process through the U.S. Bank Multi Service Aviation Network.
The Sam’s Club 5-3-1 cash back program on its new co-branded MasterCard, issued by GE Capital Retail Bank, is available to qualifying Sam’s Savings, Sam’s Business and Sam’s Plus members in the U.S. and Puerto Rico. The new Sam’s Club MasterCard comes with enhanced credit card safety, a top concern for today’s shoppers. Sam’s Club is the first mass retailer to actively implement chip-enabled technology. Each credit card has an embedded chip that makes the card more difficult to duplicate, which provides enhanced security from fraudulent activity. Sam’s Plus members have access to earn up to $500 annually through Cash Rewards on top of earning up to $5,000 annually when they use the co-branded Sam’s Club MasterCard.
Sam’s Club today announced a credit card cash back program that gives members the opportunity to earn 5 percent cash back on fuel, 3 percent cash back on dining and travel, and 1 percent cash back on all other purchases, up to $5,000 annually. The new Sam’s Club MasterCard comes with enhanced credit card safety, a top concern for today’s shoppers. Sam’s Club is the first mass retailer to actively implement chip-enabled technology. Each credit card has an embedded chip that makes the card more difficult to duplicate, which provides enhanced security from fraudulent activity.
Mercator Advisory Group reveals that credit card reward participation in the United States declined from 76% in 2012 to 68% in 2013. Reward participation appears to be age dependent as 81% of seniors, 68% of 35-64 year olds, but only 57% of young adults participate in credit card reward programs, marking significant declines in participation among each age group during the past year. Credit 2013: Consumers Eye Cobranded Rewards, the latest report from Mercator Advisory Group’s Primary Data Service, shows that some consumers who are offered retailer or other corporate-branded reward programs (e.g., airline branded) that compete with bank-issued reward programs, consider these rewards better than bank-issued rewards. Cobranded reward programs are luring consumers who may not have otherwise applied for a bank-issued credit cards.
AJB Software Design, Inc., a leader in integrated payment solutions, announced that they are the first to be certified for WEX’s Fleet Card Management program for Canada. AJB’s FIPay Payment software has been certified for use with WEX’s new cross-border, and Canadian fleet payment solution, enabling merchants to accept the WEX cobranded fleet management card and streamline their cross-border operations, and allowing business owners to ease administrative burdens and drive down the cost of operating and managing their commercial vehicle fleets. WEX’s card program helps businesses better control the cost of vehicle expenses through easy to use tools that allow them to set limits on fuel, service and merchandise for enforcement of company purchase policies.
U.S. Bank has introduced an app for Android allowing retail partner customers to apply for a credit card while they are shopping, which they can use for purchases before they leave the store. U.S. Bank plans to continue to roll out the U.S. Bank Card App for Android and iPhone to other cobranded partners in 2012. The Android version of the REI app, called the “REI Visa App,” is free and available from REI’s website and at Google Play. The app allows consumers to easily apply for a U.S. Bank REI cobranded credit card and access a secure, virtual credit card via their mobile phone.
In over 30 years in the card business, R.K. Hammer has seen and done hundreds of deals presented by retailers and other marketers wanting to get a cobranded card issued. “In our experience,” noted company founder and CEO Bob Hammer, “It is the rare proposal that comes in with a well thought out presentation, and…