MIDLAND, Mich. & OMAHA, Neb.--(BUSINESS WIRE)--Chemical Bank®, the second largest bank headquartered in Michigan and First Bankcard®, a division of First National Bank of Omaha and a leading issuer of credit cards, have announced the launch of the Dream® MasterCard®.
The Dream® MasterCard® is exclusive to Chemical Bank customers in Michigan and offers generous rewards with no overlimit fees, penalty rates or late fees. The rewards program offers triple points to cardholders on qualifying gas and grocery purchases. Cardholders can also maximize their reward redemption options on travel, merchandise, gift cards, cash back and more.
“We’ve been serving communities across Michigan for nearly 100 years, and we’re excited to be offering Michigan consumers one of the most competitive credit card reward programs available,” said David Ramaker, Chairman, CEO and President of Chemical Bank. “By using the new Dream® MasterCard® for their everyday purchases, Chemical Bank consumers will reap exclusive rewards from this innovative new credit card.”
“Our ability to offer customized programs and approaches enables our partners to grow their business and stay competitive,” said Stephen F. Eulie, president of First Bankcard. “We’ve worked with Chemical Bank for years and it’s exciting for us to be able to introduce a new product that adds value for their customers.”
The new Dream® MasterCard® offer includes:
- No late fees.
- No overlimit fees.
- No annual fee.
- No penalty rates.
- No limit on the number of points a customer can earn.
- Three points per dollar spent on qualifying gas and grocery purchases.
- One point per dollar spent on all other qualifying credit card purchases.
- Redeem reward points for travel, merchandise, gift cards or cash back as a statement credit.
For more information on the new Dream® MasterCard®, visit www.chemicalbankmi.com.
In celebration of the Dream® MasterCard®, new cardholders also can take advantage of a 0% Introductory Rate on Purchases and Balance Transfers for the first six billing cycles.
For more than 95 years, Chemical Bank's approach to banking has remained focused and committed to community banking, local leadership and decision-making, with a devotion to personalized service. Chemical Bank is the second largest bank headquartered in Michigan, with more than 156 branches through 17 Community Banks and assets totaling $6.3 billion.
About Chemical Bank
Chemical Financial Corporation is the second largest banking company headquartered and operating branch offices in Michigan. The Corporation operates through a single subsidiary bank, Chemical Bank, with 157 banking offices spread over 38 counties in Michigan. At June 30, 2014, the Corporation had total assets of $6.2 billion. Chemical Financial Corporation's common stock trades on The NASDAQ Stock Market under the symbol CHFC and is one of the issues comprising The NASDAQ Global Select Market.
About First Bankcard
First Bankcard, a division of First National Bank of Omaha, is a leader in the credit card partnership arena, serving more than 500 financial institutions, co-brand and affinity partners nationwide. For 60 years, First Bankcard has offered quality products and superior service to help its customers achieve their goals. Visit www.firstbankcard.com for more information.
About First National Bank of Omaha
First National Bank of Omaha is a subsidiary of First National of Nebraska, which is the largest privately owned banking company in the United States. First National and its affiliates have more than $18 billion in managed assets and 5,000 employee associates. Primary banking offices are located in Nebraska, Colorado, Illinois, Iowa, Kansas, South Dakota and Texas.
Important Program Information
After the introductory rates expire, the APR for purchases and balance transfers will vary, based on the Prime Rate, between 15.99% and 22.99% based on creditworthiness. The APR for cash advances will vary based on the Prime Rate (25.24%). Minimum interest charge is $1.75. Cash advance fee is the greater of $15 or 5% of the transaction (the greater of $15 or 5% for certain “Cash Equivalent Transactions”). Foreign Transaction Fee is 3% of each transaction in U.S. dollars. The Transaction Fee for Balance Transfers is the greater of $10 or 5% of the transaction. Rates are accurate as of July 2014.
See the Rewards Terms and Conditions in the Summary of Credit Terms for details.