Consumer Payment Card News

Circuit City VISA

Next month, the first co-branded VISA credit card from a national consumer electronics specialty retailer will hit the market. The new Circuit City PLUS Visa credit card features no annual fee; access to special Circuit City promotions, including zero percent financing; and a 60-day guaranteed low-price program applicable to purchases at most retail stores. The card will also participate in the Upromise college savings program. The Circuit City PLUS VISA credit card will be issued by Circuit City’s subsidiary, First North American National Bank. FNANB primarily issues VISA credit cards to high-risk consumers and currently has about two million cardholders. There are more than 600 Circuit City Superstores nationwide. For more information visit http://www.circuitcity.com.

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