Payment Card News

Credit-to-Gift Card

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A southeast bank has launched a VISA credit card offering rewards in the form of a “VISA Gift” card. The new “AmSouth VISA Rewards Card” rewards cardholders with points equal to 1% of card purchases. The points can be redeemed in the form of an “AmSouth VISA Rewards Gift Card,” in denominations ranging from $25 up to $1,000. Cardholders may accumulate up to $1000 annually in “VISA Reward” points. AmSouth Bank is offering a six-billing cycle fixed APR of 1.9%, followed by APRs from prime +4.9% to prime +11.9%. The card is available in “Gold” and “Platinum” versions. The card also offers an optional link to an AmSouth personal checking and/or investment account. For more information visit: www.amsouth.com.

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