The launch is currently being planned to coincide with the wind down of the Citi™¹ KidsFutures® MasterCard this fall.
Cardholders will earn up to 2% in Futura Rewards on all eligible net retail purchases up to an annual maximum of $750. Futura Rewards can be earned in numerous ways as part of the Futura Rewards Program where cash equivalent rewards are directed to various financial savings goals including education savings, retirement savings and reducing student debt. All or a portion of a member’s rewards can also be donated to charitable organizations, schools, sporting associations or community groups. The card will be available for no annual service fee and multiple cards can be issued to family members on the same account, thus enabling faster collection of rewards that can be applied to one or many financial savings goals.
“The Futura Rewards MasterCard offers a unique way for Canadians to save for important life goals just by using the card to buy everyday products and services”, says Mark Farrell, President and CEO of The Futura Loyalty Group. “We are extremely pleased to be associated with a highly regarded company like MBNA with such a wealth of experience in the Canadian payment marketplace”.
“MBNA, like Futura, is all about fostering loyalty and helping organizations strengthen their relationships with their members, which is aligned with the Futura mandate”, says Dene Johnson, VP Business Development, MBNA Canada. “We are thrilled to be involved with the Futura Rewards Program and be a part of helping Futura members in such a meaningful way”.
Members will be able to use the Futura Rewards MasterCard card anywhere MasterCard is accepted internationally. In addition, members who use the card at Futura partner retail locations and through the Futura on-line shopping mall can “double scoop” by earning both the MBNA card rewards and the retail and on-line partner rewards offered. Visit www.futurarewards.ca for information on reward earning opportunities and how to pre-register for the credit card. Existing Citi KidsFutures MasterCard cardholders will be able to use their cards until September 30, 2007 but will cease earning rewards for purchases made after September 4, 2007. -Bank of America
