Wachovia Adds One Millionth Credit Card Customer
By Liz Morris
Wachovia announced this week that it has achieved one million new credit card customers since relaunching its credit card business last summer. The one millionth customer got 250,000 Wachovia Possibilities Reward points, while the first 999,999 cardholders got no special treatment whatsoever.
If one million cardholders does not seem like an outrageously high number, it becomes more impressive when considering that Wachovia has mainly focused on marketing its cards to existing customers, versus the common practice of many card issuers in which consumers are inundated with mail offers.
Wachovia had previously been issuing credit cards through a joint marketing agreement with MBNA, but terminated that agreement in November 2005 shortly after the announcement that Bank of America would acquire MBNA. Wachovia re-entered the credit card business in July of 2006.
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1.Discover® More Card - 0% APR on balance transfers for 12 months & 6 months on purchases, 5% cashback bonus in popular categories, up to 1% cashback bonus on all other purchases
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2.Chase Freedom Card - 0% Intro APR and no Annual Fee, 5% bonus cash back in popular categories , 1% cash bank on everything else
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3.Citi® Platinum Select® MasterCard® - 0% on purchases & balance transfers for Up to 18 months, APR as low as 9.99% variable. $30 statement credit.
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4.Blue Cash® from American Express - Earn up to 5% cash back on gas, groceries and drug store purchases, and up to 1.5% back on all other purchases, no annual fee, fast approval under 60 seconds
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6.American Express® Gold Card - 10,000 American Express Membership Rewards bonus points when you use the card for at least $500 in purchases within the first 3 months.
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7.TrueEarnings® Business Card from Costco & American Express - 4% cash back for annual gas purchases up to $6,000, 3% restaurants, 2% travel, 1% everywhere else, 0% APR on purchases for first 6 months
