Consumer Payment Card News

Sharebuilder VISA

The first online brokerage to offer a VISA card with cash rewards that are deposited directly into customers’ accounts for automatic reinvestment has been launched. ShareBuilder Securities Corporation and Bank One have teamed to launch the “ShareBuilder Platinum VISA” which offers one point for every dollar of credit card purchases. Once the cardholder earns 2,500 points, a $25 deposit will be swept into a ShareBuilder brokerage account. Cardholders can earn a maximum of 60,000 points per year. Unredeemed points expire after 24 months. In addition to the cash rebate benefits of the new card, ShareBuilder’s “Investor Rewards” program provides customers with additional incentives such as cash back promotions, commission rebates from Costco ShareBuilder, and mileage rewards on Alaska Airlines. A 12-month 0% APR is offered on purchases and balance transfers. Thereafter, the rate is Prime +4.65%, Prime +6.65%, or Prime +10.65% based on credit score. There is no annual fee. For more information visit www.sharebuilder.com.

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