Consumer Payment Card News

Debit Card Rewards

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The first co-branded debit card has just been launched by Chase Manhattan Bank and Continental Airlines. Known as the Chase/Continental Banking Card, it will offer one Continental OnePass mile for every two dollars spent on purchases.
The new debit card joins the Chase/Continental co-branded credit card, launched in March 1998, to offer expanded value and services to consumers. A convenient alternative to carrying cash or writing checks, purchases made with the Chase/Continental Banking Card are automatically deducted from customers Chase checking accounts. Chase requires a checking account relationship for a consumer to be issued the Chase/Continental debit card. They offer a number of different checking account options, including a no fee account which requires maintaining a minimum balance of $3,000. The customers monthly checking account statement provides easy tracking and reconciling of expenses, and also indicates a summary of all miles earned. Miles accrued will also appear on periodic Continental OnePass statements. The debit card can also be used to make ATM transactions at over 1,500 Chase ATMs and to get cash at over 380,000 ATMs worldwide.

When customers sign up for the new debit card, they will earn bonus miles, then additional bonus miles each year upon renewal of the card, for which the annual fee is $30. A great benefit of OnePass miles is that they never expire. The card, and further information, is available at any Chase branch, or by calling 1-800-CHASE24.

The combination of Chase and Continental is a natural. Both companies have an extensive customer base in the metropolitan tri-state area of New York, New Jersey and Connecticut, as well as in Texas. Many Continental OnePass frequent flyer members already have a relationship with Chase, giving immediate relevance to those customers.

Continental Airlines, the fifth largest airine in the U.S., offers more than 2,200 departures daily to 128 domestic and 79 international destinations. Contact them at www.continental.com.

Look for more information about the Chase/Continental Banking Card in their national advertising and marketing campaign, or on their Web site www.chase.com.

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