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The paper check is being eliminated as a redemption option in JPMorgan Chase's rewards program as the issuer encourages consumers to request statement credits instead.
August 20 -
Customer rewards dont have to be tied to spending. The set of behaviors that merit rewards is expanding for some savvy banks, as they seek out ways to foster an emotional bond with their customers. Zions Bank is offering perks to young scholars, marathon runners and Broadway fans.
May 27 -
Armed with $19 billion in fresh capital, the loyalty vendor is planning a major expansion at a time when small banks and credit unions are eager to beef up their debit rewards programs.
April 9 -
How participants in bank loyalty programs view their personalized offers.
September 18
Chemical Financial in Midland, Mich., and First National Bank of Omaha in Nebraska have partnered to market and issue a new rewards-based MasterCard.
The $6.2 billion-asset Chemical and $16.2 billion-asset First National started
The Dream MasterCard will not charge users annual fees, late fees, over-limit fees or penalty rates. Rewards can be applied to travel, merchandise or gift-card purchases. The card has a 0% promotional interest rate for six months.
First National of Omaha is issuing the card through its First Bankcard unit. The Omaha bank already works with Chemical on other credit card programs, Stephen Eulie, president of First Bankcard, said in a news release.