Consumer Payment Card News

Platinum Divdend Miles

NationsBank and US Airways also upgraded their airline carrier-based, co-branded program yesterday to ‘Platinum’. The ‘Dividend Miles Visa Platinum Card’ now offers cardholders a 20% monthly mileage dividend or 1.2 air miles for each dollar spent in purchases. The program becomes the first carrier-based airline credit card program to offer the accelerated mileage. The ‘American Express Delta SkyMiles Optima Card’ requires cardholders to revolve their balance to earn a 20% mileage bonus. US Airways and NationsBank are also offering cardholders a 5,000 mile bonus with the first use of the card, double miles on US Airways ticket purchases, and unlimited mileage earning potential. The program is also one of the few airlines programs offering air mileage that does not expire. Other exclusive benefits of the Dividend Miles Visa Platinum card include $99 companion tickets annually after members’ anniversary date, $75 off a new membership to the 26 US Airways Clubs, as well as dedicated 24-hour, 7-day customer service, a year-end account summary and $1 million travel accident insurance.

FULL STORY:
NationsBank and US Airways introduced Monday the launch of their new co-branded Dividend Miles Visa Platinum card, featuring accelerated mileage-earning opportunities unique to the credit card industry.

Cardmembers earn a 20 percent monthly mileage dividend, offering members 1.2 miles for each dollar spent in purchases, an increase on the industry standard of one mile per dollar spent. The Dividend Miles Visa Platinum card is the only airline credit card to offer this monthly mileage dividend.

In addition, cardmembers receive a 5,000 mile bonus with the first use of the card, double miles on US Airways ticket purchases, have unlimited mileage earning potential, and US Airways’ Dividend Miles do not expire.

“The Dividend Miles Visa Platinum allows Dividend Miles members the opportunity to earn more miles than ever before,” said Martin White, US Airways vice president of marketing programs and services. “The exclusive benefits of this Platinum card enhance the value of Dividend Miles and US Airways, and we look forward to offering this unprecedented card to our customers.”

Other exclusive benefits of the Dividend Miles Visa Platinum card include $99 companion tickets annually after members’ anniversary date, $75 off a new membership to the 26 US Airways Clubs, as well as dedicated 24-hour, 7-day customer service, a year-end account summary and $1 million travel accident insurance.

“NationsBank and US Airways have combined mileage earning opportunities with exclusive benefits — on travel and on the credit card to provide our customers a product like no other in the card industry,” said Allen Kendle, NationsBank Senior Vice-President. “At NationsBank, we are very excited to offer this valuable product to the many customers we serve.”

To apply for the Dividend Miles Visa Platinum card customers may call 1-800-298-5030.

The Dividend Miles Visa card, issued by NationsBank, was one of the first airline credit cards in the industry, and currently is one of the largest airline credit card programs.

NationsBank Card Services is the 10th largest issuer of Visa and MasterCard credit cards and a recognized leader in the card industry. NationsBank, with $315 billion in total assets, is the third largest U.S. bank with full-service operations in 16 states and the District of Columbia. NationsBank provides financial products and services to more than 18 million households and one million businesses, as well as institutional investors and government agencies in 46 states and in major markets around the world. The company’s shares (NB) are listed on the New York Stock Exchange.

US Airways, US Airways Express, US Airways Shuttle and MetroJet fly to more than 207 destinations worldwide, including 38 states in the U.S., Bermuda, Cancun, Grand Cayman, Montego Bay, Nassau, San Juan, St. Thomas, St. Maarten, St. Croix, and the Canadian destinations of Toronto, Montreal, Ottawa, Hamilton, and London, Ontario. US Airways’ transatlantic destinations include Amsterdam, Frankfurt, London, Madrid, Munich, Paris, and Rome.

For additional information on the US Airways Dividend Miles Program, contact US Airways at 1-800-428-4322 or visit US Airways’ World Wide Web Site: http://www.usairways.com.

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