MINNEAPOLIS, Dec 4, 2003 (BUSINESS WIRE) -- (NYSE:USB)
Building on the success of paying customers for using their checking accounts,
U.S. Bank has expanded it's "Checking That Pays" program to include businesses.
"Business Checking That Pays" allows U.S. Bank business customers to use their
debit or check card for signature-based (non-PIN) purchases and take part in one
of two different reward programs.
"Our Checking That Pays program has been so successful with our consumer
customers that we made a decision to expand the program by giving U.S. Bank
business customers choices as to how they would like to be rewarded," said
Richard Davis, vice chairman and head of commercial and consumer banking for
U.S. Bank. "We value our business customers and this is our way of rewarding
current customers and attracting new customers. Business Checking That Pays is
not an introductory or one-time offer, but an ongoing effort to give back to our
business customers and show our appreciation for their business."
The two check card products now available to U.S. Bank business customers
include the Cash Bonus Visa(R) Business Check Card and Business Check Card with
Visa(R) Extras. Both products are a part of the Business Checking That Pays
program to reward off-line signature purchases. A signature purchase is one the
does not require the customer to enter a personal identification number. All a
customer has to do is sign up for the program, use their business check card and
start earning rewards.
Cash Bonus Visa(R) Business Check Card - With the Cash Bonus Business Check
Card, business customers will earn a 1/4 percent cash rebate every time they use
their U.S. Bank Cash Bonus Business Check Card on qualifying purchases. The Cash
Bonus rebate program will be paid annually in November and customers can track
the growth of their rebate through monthly updates that will appear on their
checking account statements as well as online at usbank.com. There is no
Business Check Card with Visa Extras - Visa Extras is an exciting, points-based
rewards program in which customers receive one reward point for each dollar on
qualifying transactions up to $4,000 and two points for every dollar spent for
all non-PIN purchases over $4,000. These reward points can be redeemed for gift
certificates and merchandise at more than 50 retailers and restaurants
nationwide. Participating companies include: Barnes & Noble, Staples,
Amazon.com, L.L. Bean, Kenneth Cole, Macy's, as well as many dining
establishments and travel gifts like a weekend getaway.
Complete details of U.S. Bank's Business Checking That Pays reward programs are
available at all U.S. Bank branches and on the Web at usbank.com. This will be
the first reward program for business check cards, and U.S. Bank is the only
bank in the country to offer Business Checking That Pays. There are no spending
limits on the program. Business Checking That Pays can be used with any type of
U.S. Bank business checking account, including free checking and checking
accounts that pay interest. This program is available to existing customers and
U.S. Bancorp (NYSE:USB), with assets of $189 billion, is the 8th largest
financial services holding company in the United States. The company operates
2,201 banking offices and 4,506 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
Steve Dale, 612-303-0784
Karen Greenwood, 612-303-0731
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Copyright (C) 2003 Business Wire. All rights reserved.
SOURCE: U.S. Bank