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Office Depot Card (12/7/01)
FULL STORY:
The business card market continues to heat up as more and more issuers offer
such cards with generous rewards programs. This week, Office Depot and Chase
launched a VISA Platinum Business Card that enables cardholders to earn 2
points for every dollar spent at Office Depot and 1 point for every dollar
spent elsewhere. The new co-branded card offers an introductory APR of 6.99%
for the first six months on purchases, cash advances and balance transfers
plus
no annual fee, and a line of credit up to $100,000. The interest rate after
the
introductory period goes to prime +6.99% with a 12.00% minimum for purchases,
and prime +8.99% with a 14.00% minimum for balance transfers and cash
advances.
Cardholders will be automatically enrolled in a Rewards Program and receive
1,000 bonus points. Points can be redeemed for free or discounted products and
services including Office Depot merchandise and gift certificates, hotel
accommodations, car rentals and airline tickets. For example, 5,000 points are
required for a $40 Office Depot Certificate and 150,000 points are required
for
one free airline ticket valued up to $2,000 or a $2,000 discount off one
ticket
valued at $2,000 or more. For more information:
http://www.officedepotvisa.com/apply.
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