US Bank Retail Payment Solutions senior vice president John Owens said that the Ace Rewards Visa App for iPhone is an optimum example of how the firm continue to provide their customers with innovative payment solutions that will enhance their shopping experience.
"The new App offers Ace customers the opportunity to receive instant access to credit so they can shop for products they need to complete their home maintenance projects as well as get rewarded for their Ace purchases, said Owens.
US bank said that using Ace Rewards Visa App, consumers can easily apply for an Ace Rewards Visa Credit Card.
In most of the cases, the bank provides immediate approval and qualified new cardholders receive a secure, virtual credit card through their iPhone.
When the cardholders want to purchase, they simply dispense their iPhone with the virtual card displayed to an Ace Associate at checkout.
Ace Rewards Visa cardholders have been entitled to earn Ace Rewards points, which can be enchased by getting 5% back at Ace, 2% back on gas and groceries and 1% back everywhere else Visa is accepted.
After accumulating 12,500 points in their respective account, cardholders receive a $25 reward redeemable at participating Ace stores.
The Ace Rewards Visa Application also enables customers to access to account management tools anytime, including viewing the account balance and most recent transactions as well as making a payment to the account.
As of 31 December 2011, US Bancorp, the parent firm of US Bank had $340bn in assets and operates its businesses through 3,085 banking offices in 25 states and 5,053 ATMs, and caters banking, brokerage, insurance, investment, mortgage, trust and payment services products to consumers, businesses and institutions.
