Payment Card News

Biz Debit Rewards

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Minnesota-based U.S. Bank is bucking the recent debit card trends as it expands its rewards program to business debit cards. The new “Cash Bonus VISA Business Check Card” and “Business Check Card with VISA Extras” will join U.S. Bank’s four consumer debit cards that reward users for off-line signature purchases. The “Cash Bonus VISA Business Check Card” offers users a 0.25% cash rebate for each non-PIN POS transaction. The cash bonus rebate is paid annually in November and customers can track their rebate online. The “Business Check Card with VISA Extras” offers one reward point for each dollar on qualifying transactions up to $4,000 and two points for every dollar spent for all non-PIN purchases over $4,000. The points can be redeemed for gift certificates and merchandise at more than 50 retailers and restaurants nationwide. US Bank launched its “Checking That Pays” program in September. At that time, the bank launched four debit card reward programs for consumers. U.S. Bank offers the “Cash Bonus VISA Check Card,” “VISA Extras for Check Card,” “WorldPerks VISA Check Card,” and the “Harley-Davidson VISA Check Card.” The “WorldPerks VISA Check Card” offers one Northwest Airlines mile for every $2 in signature-based purchases, with a nominal value of one cent each. The “Harley-Davidson VISA Check Card” offers one entry into the monthly drawing and one entry into the bonus drawing at the end of the year for each qualifying off-line purchase. The sweepstakes gives away one new Harley-Davidson motorcycle every month. For more information visit: www.usbank.com.

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