Consumer Payment Card News

Caremark VISA

A new VISA card is slated to launch by year’s end that offers incentives for choosing generic and preferred drugs. The new “Caremark VISA” from Bank of America will offer “WorldPoints” to cardholders for all retail purchases and bonus points for Caremark Rx pharmaceutical purchases. Extra points also will be awarded to cardholders who refill existing prescription orders using Caremark’s Web site or automated phone system. In addition, cardholders will receive reward points for registering online or updating an existing profile on with their credit card account number. The new, no-annual-fee credit card will be available to all individuals covered by a Caremark administered prescription drug plan or enrolled in one of Caremark’s discount card programs. The card will launch in the fourth quarter. For more information visit: “”:

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