Volkswagen is heading into a higher gear this summer after landing another issuer for its bank credit card program. The soon-to-be-released "Volkswagen Platinum VISA Card with Rewards" is a product of a relationship between Volkswagen of America and Bank One. The VW card was previously issued by MBNA. The new card offers points for every purchase, double points for Volkswagen purchases, and an instant credit feature. Under the program, cardholders earn two points for every dollar spent on qualified Volkswagen purchases and one point for every dollar spent on other purchases. Points may be used toward the purchase or lease of a new Volkswagen or the purchase of a previously owned Volkswagen. Points can also be redeemed for Volkswagen service or maintenance, parts, Volkswagen "DriverGear," extended service or warranty contracts, or for goods and services from more than 100 partners. A minimum of 2,500 points are required to make a redemption. Later this year, some Volkswagen dealerships will feature instant credit applications, enabling consumers to apply for the card when applying to Volkswagen Credit for an automobile loan or lease. Approved cardholders will receive an initial instant credit line of $2,000 that can be used at the dealerships for Volkswagen purchases, for which they'll receive double reward points. The card carries no annual fee, a six-month 0% intro rate, and a prime +6.99% on-going APR. For more information: www.vw.com.
Volkswagen is heading into a higher gear this summer after landing another issuer for its bank credit card program. The soon-to-be-released "Volkswagen Platinum VISA Card with Rewards" is a product of a relationship between Volkswagen of America and Bank One. The VW card was previously issued by MBNA. The new card offers points for every purchase, double points for Volkswagen purchases, and an instant credit feature. Under the program, cardholders earn two points for every dollar spent on qualified Volkswagen purchases and one point for every dollar spent on other purchases. Points may be used toward the purchase or lease of a new Volkswagen or the purchase of a previously owned Volkswagen. Points can also be redeemed for Volkswagen service or maintenance, parts, Volkswagen "DriverGear," extended service or warranty contracts, or for goods and services from more than 100 partners. A minimum of 2,500 points are required to make a redemption. Later this year, some Volkswagen dealerships will feature instant credit applications, enabling consumers to apply for the card when applying to Volkswagen Credit for an automobile loan or lease. Approved cardholders will receive an initial instant credit line of $2,000 that can be used at the dealerships for Volkswagen purchases, for which they'll receive double reward points. The card carries no annual fee, a six-month 0% intro rate, and a prime +6.99% on-going APR. For more information: