First Bankcard, a division of First National Bank of Omaha, is partnering with the deals delivery company Swagbucks to implement a rewards program for its credit and secured credit card programs.
"This new program will help our partners grow their business and taps our flagship secured credit card offering to give consumers true credit-building power," says Steve Eulie, president of First Bankcard, in a May 13 press release. "In addition, rewards points create possibilities for secured credit cardholders to extend the power of their budget when making everyday purchases with their credit card."
The Swagbucks Secured Visa Card is geared towards consumers trying to rebuild their credit. It has users set the card limit with a security deposit, but after 15 months the deposit can be removed. The non-secured Swagbucks card launched last year with First Bankcard.
Consumers using either product earn half a point for every dollar spent. Users earn an additional 500 points after the first $500 is spent, and an additional 1,000 points after the first $1,000 is spent.
Swagbucks, of El Segundo, Calif., launched in 2008 as a discovery community that rewards its users for everyday digital activities including playing games, searching the Web, taking surveys and shopping. Swagbucks has more than 10 million members who have claimed more than $60 million in rewards.