LAKE JACKSON, Texas – Texas Dow Employees CU is inviting members to ‘Triple the Buying Power’ with a new MasterCard targeted for high-end members that blends revolving and non-revolving credit.
A cardholder with a $10,000 credit limit can access up to three times the line of credit, for purchasing power up to $30,000. The first $10,000 is on a revolving limit, like a traditional credit card, in which the balance due can be paid in full each month, or revolve with interest. The remaining balance, or non-revolving credit, is due in full at the end of each billing cycle.
The cardholders also earn up to 2% cash back for all purchases, including non-revolving transactions.
Texas Dow has also customized a benefits package comparable with other high-end national credit cards. It includes benefits such as concierge service, extended warranty, price protection, Purchase Assurance, Master Rental, travel accident and baggage delay insurance, and ID theft resolution.
The card, being marketed through TNB Card Services, is being offered to members with credit scores of 720 or higher.
"We worked with TNB to create this card to fill a void for members that use competing high-end credit cards," said Ron Wright, vice president of payment systems for Texas Dow. "We don’t just want a credit card. We want to offer an experience card."
The Onyx card was rolled out to select members for testing and is now available to all qualifying members. Texas Dow will begin aggressively promoting the card in the fourth quarter of this year.
