Consumer Payment Card News

New Secured Card

Chicago-based Banco Popular has introduced two new MasterCard products for the U.S. market. The “Banco Popular Platinum MasterCard” offers a 0% intro APR for balance transfers, plus the “Popular Rewards” loyalty program. Cardholders earn one point per dollar spent on all eligible purchases and can also earn points on balance transfers. The “Banco Popular Classic MasterCard” is a secured program. The accounts are secured by opening an interest-bearing BPNA savings account with a minimum deposit of $500 and a maximum of $5,000. There is no annual fee and customers receive the same card benefits as the “Platinum” cardholders. For more details visit “http://www.popularrewards.com”:http://www.popularrewards.com.

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