In a rather unusual marketing ploy JP Morgan Chase is using a New York bike taxi company called BicyTaxi to offer free trips into the city for Ann Arbor students.
Here’s the catch - the bikes are kitted out with speakers that pump out the latest strap line for the Chase +1 Student Visa.
So if you live in Ann Arbor and fancy a free trip into the city watch out for cabs operating 9 a.m. to 3 p.m.
The offer lasts Monday to Thursday until Nov. 2.
(Via BankNet)
Visa recently announced that it’s operations outside Europe would be consolidated into a global corporation.
A large proportion of it’s stock is to be offered to the general public.
Visa’s current status is as a private membership association owned by approximately 20,000 financial institutions globally.
The decision by Visa comes on the heels of a move by MasterCard to go public last May. Since MasterCard’s initial public offering, the company’s stock price has surged 84% in four and a half months.
The stock offer could come in 12 to 18 months with “The first phase of Visa’s restructuring will involve a series of mergers involving Visa USA, Visa Canada, and Visa International, resulting in a corporation owned by the members, while Visa Europe will remain a membership association owned and governed by its European member banks and become a licensee of Visa Inc.”
Many online applications give a fairly rapid response which can vary from virtually instantaneous to a very sluggish several weeks (this is usually reserved for the more exclusive cards).
A general rule of thumb is that the better the credit rating the quicker the response.
Notifications are made by email or postal mail.
The credit card company will issue miles to a frequent flyer account once a month. These are added to a running total of miles earned from flying with affiliated airlines, hotels and car rentals.
How does this really work?
Earning air miles is usually done at 1 mile per dollar spent on your credit card. Some cards run at a rate of $1.20 per mile like Southwest Airlines Signature Visa.
“(but they make it easier to earn with a low threshold of only 16,000 miles and you can earn double mileage credit when booking flights on their website).”
