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Stockback MasterCard (12/10/01)
FULL STORY:
If you're thinking about jumping back into the stock market there is a new
credit card that might get you ahead of the curve and with little risk. Chase
and Stockback Capital have teamed up to offer a MasterCard that gives you
up to
11% of your purchases back in the form of rewards that are automatically
invested in a mutual fund. The Stockback MasterCard from Chase offers you
up to
10% back with participating merchants and at least 1% back on every purchase.
Once a month, your Stockback rewards are automatically placed in an investment
account managed by Merrill Lynch. Cardholders can withdraw the money at any
time, for any reason. Participating merchants include US Airways, Sunoco,
Barnes & Noble, CVS Pharmacy, Galyan's, Radio Shack, Linens & Things, Jos A
Bank, and about 80 online merchants. The new card carries no annual fee and an
introductory rate of 2.99% on purchases and cash advances. Afterwards,
interest
rates for Platinum cardholders range from 9.99% to 12.99% depending on the
balance and current relationship with Chase. APRs for Standard cardholders is
13.99% for Chase Banking customers and 14.99% for non-customers. For more
information visit http://www.stockback.com.
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