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AirRewards Card (7/11/01)
FULL STORY:
The pioneer of low fixed interest rate credit cards has finally rolled out a rewards card. Connecticut-based People's Bank introduced this week the AirRewards Plus Platinum MasterCard, offering free travel on all major U.S. airlines with no blackout dates. The new MasterCard offers one point for each dollar spent on purchases. Points earned can be redeemed for free airline tickets, a variety of hotel and car rental benefits, or as a credit toward any travel booked through the program. Rewards are available beginning at just 3,500 points. For example, a $100 Hyatt Hotel voucher for 3,500 points. Free domestic airline tickets require 25,000 points. People's Advantage Plus and Investor Plus checking customers in Connecticut will be offered the card without an annual fee, otherwise the annual fee is $55. The card is available in three fixed interest rates (13.99%, 16.99% or 19.80%) depending on credit worthiness. For more information visit www.peoples.com.
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