Consumer Payment Card News

Instant Rewardification

priceline.com has launched a credit card offering instant rewards. When cardholders make a purchase, they collect rewards points and then, as soon as the points post to their account (typically within two days), redeem accumulated points to pay for items on the credit card, including the item they just purchased. The new “priceline.com Visa” earns up to 4 points for every $1 spent on priceline.com “Name Your Own Price” reservations and up to 3 points on their published-price travel reservations. Card members can choose from one of three everyday spend categories (utilities, groceries or home improvement) to earn 2 points for every $1 spent. And every other purchase made on the card earns 1 point per $1 spent. There two Visa programs, one for a $29 annual fee offering more points and a no annual fee program. The card is issued through Barclays. priceline.com and Barclays are also sponsoring a 25 million bonus points giveaway to launch the card. For more information visit: http://www.pricelinevisa.com

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