| Only in America! More weird & wacky credit card deals |
|
|
|
| Written by Peter James | |
| Wednesday, 22 November 2006 | |
In this second half of a two-part series on unusual credit card offers for Americans, we look at five more trends that might be coming to Canadian credit cards in the near future:6. ClayCards for ClayMates
7. I Heard It Through the Grapevine
(One caveat, as a pre paid card, transactions on it are not reported the credit bureaus. Prepaid cards typically target people with bad or no credit history who are unable to get a secured credit card. Secured cards are also prepaid, but are reported to the credit bureaus and help consumers rebuild credit). 8. A PrePaid Card that Rebuilds Credit
The Eufora prepaid card comes in three flavors: associate (annual fee: $29.95), preferred ($59.95) and elite ($99.95). The preferred and elite levels carry additional MasterCard benefits, such as auto and travel accident insurance. They also give cardholders the option to enroll in Eufora's CreditBuilder program, which will report card activity to TransUnion, one of the three major credit bureaus in the United States. The card issuer is currently working on setting up a relationship with the other two bureaus, Equifax and Experian. (For Canadians, Equifax Canada and Trans Union Canada are the two national credit agencies that track and report on Canadian credit ratings). Now, the fun part. Instead of offering a traditional rewards program, the card offers a sweepstakes: For each $100 you spend on the card, you receive one entry in a monthly sweepstakes to win a car worth roughly $30,000. The winner has a choice of 30 vehicles. Each month's drawing takes place with a six-month delay (so the drawing in June is for spending for the month of January). 9. It's a Zoo Out There ...
10. If It Quacks Like a Duck...Well, it doesn't really quack, but each time you swipe this branded credit card at the cash register, this Ducks Unlimited MasterCard issued by MBNA will donate part of the purchase to the Ducks Unlimited wetlands conservation organization. It also offers an introductory low APR on purchases and balance transfers for the first six months. Choose between pintails, mallards, Canada geese and wood ducks for your card's picture.
And that
concludes my two-part look at the ten of the more unusual
credit card deals being offered to Americans. Look for these type of
promotions to come to Canadian credit cards in Canada sometime in the
near future.
|
| < Prev | Next > |
|---|