Consumer Payment Card News

Sewing Card

The largest specialty retailer of fabrics and crafts has sewed up a deal to launch a cobranded “Platinum MasterCard.” The new “Jo-Ann Platinum MasterCard” offers cardholders five points for every $1 spent at Jo-Ann and one point per $1 spent elsewhere. Once a customer earns 1,000 points a $10 “creative cash” card is issued. For every 500 points earned above 1,000 points, customers receive an additional $5 in “creative cash.” For the first purchase or balance transfer, cardholders receive a $10 “creative cash” card. Jo-Ann operates more than 800 stores in 47 states. Barclays Bank Delaware is the issuing bank. For more information visit: “http://www.joann.com”:http://www.joann.com

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