American DreamCard Announces Sweepstakes Payouts of Over $500,000

American

DreamCard Announces Sweepstakes Payouts of Over $500,000

Unlike cash back credit cards that give small rebates on every

card purchase, the American DreamCard MasterCard offers very

big rebates--but only if you're lucky enough to win its sweepstakes.

Launched in 2004, the American DreamCard offers a monthly sweepstakes

among its cardholders that pays out at least $25,000. The total

payout to American DreamCard customers now exceeds $500,000.

Of course, the number of winners is small compared to the total

of card carriers, but the promise of a big payoff obviously

entices some who could choose a guaranteed cash rebate elsewhere.

American

DreamCard cardholders receive one entry for every $1 spent with

the card, up to 1,000 entries per purchase. New applicants also

receive 1,000 sweepstakes entries. A monthly jackpot of $25,000

(which may grow depending on the amount of money spent by all

cardholders) is then given out based on drawings held in the

middle of each month.

The

American DreamCard is issued by HSBC Bank.

Published 08/08/06 (Modified 05/07/12)