AARP, Chase Debut Combined Membership, Credit Card

For the first time, AARP, Avis and Chase (NYSE:JPM) unveiled an innovative feature that will combine the benefits of the AARP membership card with the AARP Visa Credit Card all in one convenient card. The combined credit/membership card is the first-of-its-kind to provide automatic discounts at the point of sale with Avis for AARP members. A summary of the discount will be printed on the Avis sales receipt to inform card members of their savings. See more about Visa Cards >>

This new technology will give all AARP Visa card members' the convenience of carrying just one card to reap the benefits of their AARP member discount when they pay for their Avis rentals. In addition, AARP Rewards Platinum Visa card members will earn reward points for their Avis purchases.

Avis, which operates the world's second largest general-use car rental brand, is the first merchant to launch the new technology. Additional partners will be included in the future to add even more value to the AARP Visa Card.

"At AARP, listening to our members is paramount. For years, our research has told us that members are looking for an easy way to always receive their AARP discounts when using their AARP Visa Card. This new first-of-its-kind technology demonstrates real member value. We hope to continue to add more merchants for our cardmembers, making it even more valuable," said Bill Farris, AARP Services, Inc., Financial Products vice president.

How It Works

Card members who use their AARP Visa Card at Avis will automatically receive their Avis AARP member discounted rate. The automatic discount is noted in a special message on the receipt.

Card members don't need to do anything differently - just use their AARP Visa Card as they regularly would to earn the instant discount.

At Avis and all other merchants, AARP Rewards Platinum Visa card members will continue to earn a full one percent back on card purchases starting with the first dollar spent. Every time card members accumulate 2,500 points, they may select their desired reward - $25 cash back or a $25 gift certificate to one of several merchants including gas stations, restaurants, major travel and entertainment providers and other leading retailers.

"AARP has always been a leader in providing straightforward products, and we believe this innovation makes it even better," said Heather Philp, senior director at JPMorgan Chase & Co.'s card services division. "Providing card members automatic discounts with their AARP Visa Card is something no other credit card offers."

Card member benefits also include no annual fee, low introductory APR, exclusive members-only special discounts, zero liability for unauthorized purchases, flexibility to choose payment due date, exclusive members-only dedicated customer service and no telemarketing.

Consumers may apply for the AARP Rewards Platinum Visa Card or obtain additional information by visiting www.bankone.com/aarp or calling toll-free 800-542-8848.