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Business Card Miles (11/30/00)
FULL STORY:
The business credit card market is rapidly heating up as some issuers enhance
their offerings with air miles. This week Ohio-based National City unveiled the
Business FirstAir VISA Platinum credit card. As part of a special introductory
offer, small business customers will receive one and a half points for each
dollar spent during the first three months after receiving the card. Under the
program, Business FirstAir offers cardholders one air mile point for every
dollar purchased with the card. Small business owners also receive a
reconciliation of points earned and redeemed that month, and total points
accumulated which each monthly account statement. Cardholders may redeem travel
points on any participating airline with no black-out dates. Since the free
tickets are purchased by a third party, cardholders can still earn miles on any
airline frequent flyer programs they belong to. Free travel is earned with as
little as 20,000 points instead of the usual 25,000 required by most major
carriers. National City is offering a six month prime -1% intro rate followed
by a on-going prime +3.9% APR. The program requires a $60 annual fee for the
first card and $35 per year for each additional card. Last month, Capital One
introduced the 'MilesOne Business Platinum VISA' which offers air miles with
redemption levels as low as 18,000 points and a 0% intro APR.
For more information about Business FirstAir, small business owners can visit
any National City branch, or call 1-888-NCB-4BIZ (1-888-622-4249).
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