AMERIPRISE111407
On the homepage
Joe Mauer
Out There
NewsBreak
Tour de France
Ameriprise to issue own cards
Print this story
E-mail this story
Save to del.icio.us
Share on Facebook
Share on Digg
Minnesota business by the numbers
See Minnesota's top earning companies, CEOs and non-profits
More from Business
Ameriprise Financial Inc. customers should make room in their wallets: The Minneapolis-based financial services company told Wall Street analysts Tuesday that it will launch its first debit and credit card for clients.
Ameriprise hopes the release of MasterCard branded cards, planned for February, will increase client loyalty with "unique and customized" rewards, spokeswoman Ann Wasik said.
Customers will earn reward points for spending that can be redeemed for travel, retail, charitable giving and entertainment. Or they can opt for cash back in an Ameriprise account. Bonus points will be collected for purchasing Ameriprise products and services.
World and WorldElite cards come with an annual fee of $75 and $150, respectively. Those fees will be waived for World cardholders with assets of $100,000 with Ameriprise and WorldElite cardholders with $500,000 in assets who spend $15,000 annually.
Ameriprise, which was spun off from American Express Co. in 2005, currently has a fee-waived American Express card for qualifying clients. That card will be fee-free through 2008.
KARA MCGUIRE
- GM exits bankruptcy; CEO vows better performance
- Twin Cities advisers accused of fraud, mismanagement
- Oil below $60 as earnings season opens
- Smith & Hawken to close its doors in Edina
- Mall, teen store sales decline
- Parents have bad-guy ally to turn off video games
- Supervalu CEO clears space on executive shelf
Blog: Patent Pending
Farewell VitalMedix
It’s official. VitalMedix Inc., the promising University of Minnesota drug startup, is leaving for Wisconsin. The company, which is developing a hemorrhagic shock drug designed to keep patients alive even after catastrophic blood loss, hasn’t been able to find investors in Minnesota. Wisconsin, on the other hand, boasts a thriving angel investor community thanks to generous [...]
Comment on this story | Be the first to comment | Hide reader comments