Consumer Payment Card News

MBNA AmEx Card

As planned earlier this year, MBNA, a major VISA and MasterCard issuer, launched an American Express card, the first U.S. card issuer to do so. MBNA says it has already issued more than 300,000 American Express-branded cards to-date from initial pre-selling efforts. MBNA is now taking the “MBNA Affinity Rewards American Express” card to members of more than 1,000 affinity groups in the USA. Some of the affinity groups include the Aircraft Owners and Pilots Association, the American Society of Civil Engineers, the American Quarter Horse Association, National Education Association, and, the National Wildlife Federation. The new MBNA-AmEx card offers complimentary enrollment in “MBNA WorldPoints,” earning one point for every purchase, and double points for travel and dining until 2006. Cardholders receive access to American Express services including emergency assistance services offered at 1,700 AmEx location in 130 countries, travel accident insurance, CDW coverage, and fraud protection. AmEx is also providing cardholders with special offers from nearly 100 retailers. MBNA says it plans to develop a premium line of AmEx-branded cards next year. MBNA is the first U.S. bank to issue credit cards accepted on the AmEx network. Under the terms of the partnership, MBNA manages the customer accounts and receivables, and provides all customer service, billing and payment systems, accounting support, credit and fraud resolution, and card marketing. For more information visit: “http://www.mbna.com”:http://www.mbna.com

Leave A Reply