Home Lender Countrywide Launches Visa with Double Points Toward Mortgage Payments
By Liz Morris
Home loan company Countrywide Financial announced today the launch of a new credit card that will essentially double your points when points are used toward Countrywide mortgage payments. The Countrywide Rewards Platinum Visa offers one point per dollar, making it on par with most rewards cards that offer the equivalent of 1% cash back or penny-per-point redemption value when put toward merchandise rewards. However, when points are used toward payments on Countrywide loans, the points essentially double, as every 2,500 points equals a $50 credit against a cardholder’s Countrywide loan.
The new Countrywide credit card is being issued through a partnership with First USA, a division of credit card giant Chase.
