Amazon is launching a new program, Amazon Lending, which will offer loans to some of its online sellers. The new program will be backed by Amazon Capital Services, Inc. Amazon is currently in the process of pre-qualifying some sellers based on their performance in the company's online marketplace. Sellers can sign up for loans through their existing Amazon merchant accounts and if approved, Amazon will send the money to their bank accounts within five business days. Monthly interest payments on the loans will be deducted automatically from merchants' Amazon seller accounts. Click here for more information.
Regions launched a new suite of credit cards for consumer and business customers, Regions Visa Signature, Regions Visa Signature Preferred, Regions Visa Platinum, and Regions Visa Student Platinum. All four cards feature a variety of exclusive benefits and features, including relationship rewards which earn points for making qualifying purchases on a Regions credit card and for using other Regions banking services. Click here for more information.
Discover announced the launch of Discover Home Loans, a new source for consumers seeking fixed-rate and variable-rate conventional and FHA loans from a trusted name in the financial services industry. The new source offers a streamlined application process and a Welcome Back Bonus credit of up to $2,000 toward closing costs for return customers who choose Discover for future home-buying and refinancing needs. Click here for more information.
Bank of America is rolling out three new Travel Rewards Credit Cards for consumer and small business customers – BankAmericacard Travel Rewards, BankAmericard Privileges Card with Travel Rewards, and WorldPoints Travel Rewards for Business. The new cards give cardmembers the flexibility to redeem points for a variety of travel expenses. There is no limit on the total number of points earned and no blackout dates. Click here for more information.
BBVA Compass is enhancing its Everyday Heroes program for community service providers, adding special offers on auto loans, lines of credit, mortgages, savings accounts, and credit card reward points. Enhanced program offerings include up to 0.50% off home equity loan rates, lower down payment on auto loan purchases, $100 account credit on the Simplified Line of Credit, and added bonus points to the CompassPoints rewards program. The program is available to current or new customers who qualify as an "Everyday Hero," including teachers, law enforcement officers, fire fighters, healthcare workers, and U.S. military members. Click here for more information.
Chase Card Services of Canada announced the launch of the Amazon.ca Rewards Visa Card. Cardmembers will earn two reward points for every dollar spent on eligible Amazon.ca purchases and one reward point per dollar spent everywhere Visa credit cards are accepted. Cardmembers will also receive an automatic $20 statement credit every time they accumulate 2,000 points. There is no limit to the number of reward points that cardmembers can accumulate. Click here for more information.