NextCard Upgrades

The pioneering ‘NextCard’, a/k/a the ‘First True Internet VISA’, launched a two major program upgrades Monday. Cardholders now have the option of upgrading to ‘NextCard Rewards’ and to the ‘Platinum Card’. ‘NextCard’ , run by San Francisco-based Internet Access Financial Corp, is the only ‘VISA’ card offered with 30-second online approvals and online customization of…

Platinum Divdend Miles

NationsBank and US Airways also upgraded their airline carrier-based, co-branded program yesterday to ‘Platinum’. The ‘Dividend Miles Visa Platinum Card’ now offers cardholders a 20% monthly mileage dividend or 1.2 air miles for each dollar spent in purchases. The program becomes the first carrier-based airline credit card program to offer the accelerated mileage. The ‘American…

Debit Card Woes

The recent explosion of POS debit cards, especially VISA and MasterCard branded off-line debit cards, is creating a bookkeeping nightmare for some consumers and product confusion for others. The findings come from recent studies conducted by BAIGlobal which found many cardholders struggling to keep track of cash flow and balances in their accounts. As a…

Sub-Prime Failure

The Colorado State Bank Commissioner closed sub-prime VISA credit card issuer BestBank Thursday and appointed the FDIC as receiver. According to the Bank Commissioner, BestBank, based in Boulder, CO, was critically undercapitalized. The FDIC spent the weekend attempting to arrange a transaction under which the failed banks insured deposits will be assumed by a healthy…

Quarterback VISA

MBNA and the NFL Quarterback Club announced Wednesday the launch of the ‘NFL Quarterback Club VISA’ credit card program. The new program is an enhancement to MBNA’s NFL VISA credit card program, which began in the fall of 1995 and now has more than 1.2 million cardholders. The ‘Quarterback Club VISA’ offers cardholders a custom-designed…

L.L. Bean Card Renews

MBNA and ME-based L.L. Bean extended the contract for the ‘L.L. Bean VISA’ credit card. The long-term agreement also provides for a number of new enhancements to the program, a lower fixed interest rate of 15.99%, and the continuation of several popular money-saving features. The centerpiece of the cobranded card is the L.L. Bean ‘Outdoor…

MC EZSpree

Relationship Internet marketing company Yoyodyne signed MasterCard as a marquee sponsor of Yoyodyne’s ‘EZSpree’ promotion. The all new ‘EZSpree’ promotion will launch August 17 and offer instant discounts to MasterCard cardholders while providing the only source of free traffic to hundreds of online merchants. Before its conclusion, EZSpree is expected to guide more than half…

VISA NFL Incentives

America’s premier mall owner and operator, America’s most popular credit card and America’s favorite sport and have joined forces in an effort to generate enthusiasm for the upcoming 1998 National Football League season and sales of NFL licensed merchandise through Simon retailers. Simon Brand Ventures, a strategic marketing initiative of Simon DeBartolo Group, Visa U.S.A.…

Better Homes Joins Delta SkyMiles

Buying or selling a home becomes more rewarding this week when Delta Air Lines and Better Homes and Gardens Real Estate Service team up to reward Delta SkyMiles members for buying or selling homes listed with a Better Homes and Gardens real estate member. With the new partnership, SkyMiles are awarded based on the price…

AmEx Aer Lingus

Aer Lingus activated its “EuroFree” promotion Sunday offering free travel to 17 cities in the U.K. and Europe. Aer Lingus passengers using the American Express card to purchase a special APEX transatlantic ticket or higher before Sept. 15 will receive a free onward roundtrip ticket from Ireland to 17 cities in Britain or continental Europe.…