Consumer Payment Card News

New Cards

The credit card pipeline is still pumping out new consumer products despite the lousy economy. This week U.S. Bank and Capital One introduced new cards as the holiday season gets into full swing. Planet Hollywood and U.S. Bank have launched the “Planet Hollywood Rewards Visa Platinum Card.” Cardholders earn one point for each net $1 spent and five points for every net $1 spent in purchases at Planet Hollywood Resort & Casino Las Vegas, including participating merchants at the resort, and Planet Hollywood restaurants and bars. New cardholders receive 1,000 bonus points, a free Planet Hollywood t-shirt and a $25 gift card for Buca di Beppo, the newest member to the Planet Hollywood family, after making their first purchase on the card. Other exclusive benefits include V.I.P. reservations and “jump the line” privileges. Capital One has introduced a new “No Hassle Rewards Card” that offers double miles and maximum travel flexibility. Cardholders earn two miles for each dollar of monthly spending above $1,000 and one mile per dollar spent on all other purchases. Customers book their travel by whatever means they prefer using their Cap One card, then request Capital One to reimburse the charge with miles. The cost of the transaction is refunded on the next statement. The number of rewards required is based on price, with 10,000 miles equaling a $100 reimbursement. For more information visit: “”: or “”:

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