Consumer Payment Card News

The Magic Returns

For the third consecutive year, VISA is running its “Magic Moments” promotion during the holiday shopping season. VISA cardholders using their card between now and December 26 could win a totally free purchase at any moment. If the VISA processing date and time for a VISA purchase matches that day’s randomly selected “Magic Moment,” the cardholders wins. A credit will appear on a future statement or a check will issued depending on the amount of transaction. Some participating merchants and card issuers are offering bonus awards in addition to the VISA prize. Cash advances, balance transfers, non-U.S.-dollar purchases, and ATM, convenience-check, and Interlink-processed transactions, and purchases authorized by entering a PIN do not qualify. If the cardholder winner’s purchase transaction results in a total prize value of less than $600, the prize will be awarded as a credit to the winner’s VISA card account. If a cardholder’s account is closed at the time of the prize award, the prize will be issued as a check. If the cardholder winner’s purchase transaction results in a total prize value equal to or greater than $600, the prize will be awarded as a check. For more information visit http://www.visa.com.

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