Electronic Arts Inc. is offering a prepaid card with a rewards system that lets users redeem points for its video games.
MetaBank of Storm Lake, Iowa, issues the cards, which run on the Visa Inc. network, Electronic Arts said last week.
Cardholders receive back a percentage of their purchase totals from every transaction at participating merchants, such as Macy's Inc. and Netflix Inc.
The percentage the consumer receives varies by retailer, according to Randy Chase, the product manager for Electronic Arts' EA Sports line of games.
Cardholders receive 100 points per dollar they receive back as a reward. Gamers need 6,500 points for a Microsoft Corp. Xbox 360 or Sony Corp. PlayStation 3 game and 5,500 points for a Nintendo Co. Ltd. Wii game.
The card can be loaded through an existing bank account or at Western Union Co. and Green Dot Corp. locations.
Fees include a monthly $1.99 service charge, 50 cents for cash-back transactions at the point of sale and $1 for ATM withdrawals in addition to what the machine operator charges. Point of sale signature and online purchases are free.
Electronic Arts, of Redwood City, Calif., is the second major video-game developer to offer a Visa-branded prepaid rewards card. Capcom Entertainment Inc. announced one in February.
