MINNEAPOLIS & OAK BROOK, Ill., Apr 10, 2012 (BUSINESS WIRE) --Ace Hardware customers can now conveniently apply for an Ace Rewards(R)
Visa(R) Credit Card with an iPhone(R) application developed by U.S. Bank.
The new Ace Rewards Visa App, downloadable at the iTunes store, gives
customers the opportunity to apply for and receive, upon approval,
immediate credit to start their shopping at participating Ace stores.
"The Ace Rewards Visa App for iPhone is a great example of how we
continue to provide our customers with innovative payment solutions that
will enhance their shopping experience," said John Owens, senior vice
president of U.S. Bank Retail Payment Solutions. "The new App offers Ace
customers the opportunity to receive instant access to credit so they
can shop for products they need to complete their home maintenance
projects as well as get rewarded for their Ace purchases."
With the Ace Rewards Visa App, customers can easily apply for an Ace
Rewards Visa Credit Card. Upon instant approval, qualified new
cardholders receive a secure, virtual credit card via their iPhone. When
the cardholders are ready to make a purchase, they simply hand their
iPhone with the virtual card displayed to an Ace Associate at checkout.
With every purchase, Ace Rewards Visa cardholders earn Ace Rewards
points, receiving up to 5% back at Ace, 2% back on gas and groceries and
1% back everywhere else Visa is accepted. In addition, cardholders can
earn up to 10% back on quarterly categories. Once 12,500 points are
earned, cardholders receive a $25 Reward redeemable at participating Ace
In addition to making purchases and being rewarded for it, the app
features a convenient link to Ace's website, acehardware.com, to view
products or find the nearest Ace Hardware store.
"We are pleased to be able to offer the Ace Rewards Visa App for iPhone
to our customers," said Jeff Gooding, director of consumer marketing for
Ace Hardware Corp. "This technology allows us to help our consumers
manage the things they need to do so they can move on to what matters
most to them. It's one more benefit of being an Ace Rewards member and
shopping at Ace."
As with other U.S. Bank mobile applications, the Ace Rewards Visa App
allows customers to enjoy anytime access to account management tools,
such as viewing the account balance and most recent transactions as well
as making a payment to the account.
U.S. Bank first introduced mobile apps for credit card approval in 2011
and plans to launch the credit card application for iPhone to other
cobrand partners in the near future. Plans also include rolling out the
Android version of the Ace Rewards Visa App in the third quarter of 2012.
The iPhone is a trademark of Apple Inc., registered in the United States
and other countries.
About Ace Hardware
For more than 85 years, Ace Hardware has
been known as the helpful hardware store in thousands of communities
across America. Customers depend on Ace to help them take care of their
homes quickly and easily so they can get on with their lives. With over
4,600 hardware stores locally owned and operated across the globe, Ace
is the largest hardware cooperative in the industry. Headquartered in
Oak Brook, Ill., Ace and its subsidiaries currently operate 14
distribution centers in the U.S and they also have distribution
capabilities in Shanghai, China; Panama City, Panama; and Dubai, United
Arab Emirates. Its retailers' stores are located in all 50 states and
approximately 60 countries. For more information on Ace, visit www.acehardware.com.
About U.S. Bancorp
U.S. Bancorp (NYSE: USB), with $340
billion in assets as of Dec. 31, 2011, is the parent company of U.S.
Bank, the fifth-largest commercial bank in the United States. The
company operates 3,085 banking offices in 25 states and 5,053 ATMs, and
provides a comprehensive line of banking, brokerage, insurance,
investment, mortgage, trust and payment services products to consumers,
businesses and institutions. U.S. Bancorp and its employees are
dedicated to improving the communities they serve, for which the company
earned the 2011 Spirit of America Award, the highest honor bestowed on a
company by United Way. Visit U.S. Bancorp on the web at www.usbank.com.
SOURCE: U.S. Bank
U.S. Bank Media Relations
Teri Charest, 612-303-0732
Kate Kirkpatrick, Public Relations Manager,