Card Briefs: MBNA Unit Broadens Penn State Program

MBNA America Bank has expanded its credit card program with the Penn State Alumni Association and extended the contract through 2008.

In addition to cards, the MBNA Corp. unit will begin offering the alumni members consumer loans and deposit and insurance products.

Since 1989 MBNA has been the exclusive issuer of the Pennsylvania State University credit card, which is held by 150,000 alumni and students.

MBNA's products are endorsed by more than 500 colleges and universities. Three million alumni and students from these institutions are customers, and they carry $4 billion in loan balances.

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