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United States : CHEMICAL BANK and FIRST BANKCARD announce launch of Dream MasterCard

August 23, 2014

Chemical Bank and First Bankcard have introduced the Dream MasterCard.

Chemical Bank is the second largest bank headquartered in Michigan, while First Bankcard is a division of First National Bank of Omaha and a leading issuer of credit cards.

Exclusive for Chemical Bank customers in Michigan, the Dream® MasterCard® provides generous rewards with no overlimit fees, penalty rates or late fees. It offers triple points to cardholders on qualifying gas and grocery purchases. By using this, cardholders will be able to maximize their reward redemption options on travel, merchandise, gift cards, cash back and more.

David Ramaker, Chairman, CEO and President of Chemical Bank, commented "We've been serving communities across Michigan for nearly 100 years, and we're excited to be offering Michigan consumers one of the most competitive credit card reward programs available. By using the new Dream® MasterCard® for their everyday purchases, Chemical Bank consumers will reap exclusive rewards from this innovative new credit card."

Stephen F. Eulie, president of First Bankcard, stated "Our ability to offer customized programs and approaches enables our partners to grow their business and stay competitive. We've worked with Chemical Bank for years and it's exciting for us to be able to introduce a new product that adds value for their customers."

The new Dream® MasterCard® offers no late fees, no overlimit fees, no annual fee, no penalty rates, no limit on the number of points a customer can earn, three points per dollar spent on qualifying gas and grocery purchases.

The offer also includes one point per dollar spent on all other qualifying credit card purchases, redeem reward points for travel, merchandise, gift cards or cash back as a statement credit. Moreover, new cardholders will be able to take advantage of a 0% Introductory Rate on Purchases and Balance Transfers for the first six billing cycles.

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Source: TendersInfo (India)

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