MALIBU, Calif., Aug 28, 2003 (BUSINESS WIRE) -- U.S. Bancorp (NYSE:USB)
U.S. Bank and the City of Malibu have partnered to issue the City of Malibu
Visa(R) card that reflects the pride of Malibu and supports local youth
The card carries the Visa flag, ensuring that it can be used anywhere Visa is
accepted. It also enables cardholders to give back to their community every time
they make a purchase with the card, because a percentage of every purchase is
donated to the City of Malibu for to help fund future youth programs.
"The City of Malibu strives to provide our young community members with programs
to keep them involved in wholesome activities," said Peter Lippman, City of
Malibu Treasurer. "This card is a perfect way to support that mission because
whenever the card is used for everyday purchases, a percentage of that money
goes right back into the community."
Available in the classic and platinum versions, the City of Malibu Visa offers
cardholders a low introductory rate on purchases and balance transfers for the
first six months. Other benefits to the classic card include:
-- fast access to cash at more than 805,000 ATMs worldwide;
-- purchasing power at more than 28.5 million locations
-- car rental discounts at Alamo, Avis, Hertz or National;
-- 24-hour card member service at 1-800-285-8585 and
-- fraud protection from unauthorized charges if the card is lost
Platinum card holders receive all of the benefits of the classic card, plus:
-- up to $500,000 in travel insurance when tickets are purchased
with the card;
-- extended warranty coverage, double the manufacturer's warranty
up to one year;
-- free collision/damage insurance when using the card to rent a
-- travel assistance to replace lost tickets and obtain legal and
"We're proud to partner with the City of Malibu to make this card available to
residents and those who believe in the city's mission," said Pamela Sellars,
district manager for U.S. Bank in Los Angeles County. "Plus it demonstrates our
commitment to providing sophisticated services in a way that best supports the
cities where we do business and where our customers live and work."
Applications are available at the Malibu City Hall reception desk or senior
center, the U.S. Bank office in Malibu, by calling 1-800-853-5576, ext 8314 or
on the Web at http://usbank.com/usbaffinity/applynow.cfm?LOC=9411. For more
information see the city's Web site at www.ci.malibu.ca.us or call 310-456-2489.
U.S. Bancorp (NYSE:USB), with assets of $195 billion, is the 8th largest
financial services holding company in the United States. The company operates
2,199 banking offices and 4,575 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 is home of the
Five Star Service Guarantee which assures customers of certain key banking
benefits and services or customers will be paid for their inconvenience. U.S.
Bancorp is the parent company of U.S. Bank. Visit U.S. Bancorp on the web at
SOURCE: U.S. Bank
CONTACT: U.S. Bank
Teri Charest, 612-303-0732
City of Malibu
Peter Lippman, 310-456-2489 x301
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SOURCE: U.S. Bank