Chase and LivingSocial Launch First Co-Branded Credit Card

LivingSocial Rewards Visa® Card Offers Opportunity for Consumers to Earn Deal Bucks at an Accelerated Rate

WILMINGTON, Del.--()--Today, Chase Card Services [NYSE: JPM] and LivingSocial announced the launch of the LivingSocial Rewards Visa® Card. This first ever partnership of its kind will provide LivingSocial users with additional value on purchases made everywhere and special cardholder-only benefits and offers.

“LivingSocial provides a valuable service to consumers and we are pleased to offer social-buying enthusiasts a product that enhances their shopping experience with the ability to earn rewards for their purchases,” said Dan Dougherty, director, Chase Card Services. “For local merchants, LivingSocial has helped redefine how businesses connect with consumers to promote their products and services and increase sales. The LivingSocial Rewards Visa Card is yet another extension of Chase’s support of small businesses within our local communities.”

Cardmembers have the opportunity to earn points at an accelerated rate:

  • Five points per $1 spent on LivingSocial purchases
  • Three points per $1 spent on dining
  • One point per $1 spent on all other purchases

There are no limits on the amount of points a cardmember can earn, with 100 points equaling one LivingSocial Deal Buck. Deal Bucks are LivingSocial credits that are automatically applied to a cardmember’s next eligible purchase on LivingSocial.com.

“LivingSocial constantly strives to find new ways to energize the connection between our merchant partners and members, and the LivingSocial Rewards Visa Card is another example of how we are leading the industry in providing new and useful ways to promote these interactions,” said John Bax, Chief Financial Officer for LivingSocial. “Chase’s proven history and commitment to small businesses – the majority of our merchant base – makes them the perfect partner to offer this card with.”

As part of a special promotion for 2012, cardmembers receive 10 Deal Bucks after making 10 purchases each billing cycle.

For more information on the LivingSocial Visa Card, visit www.chase.com/livingsocial. Deal Bucks may be used for eligible purchases on LivingSocial; for full terms and conditions, please see www.livingsocial.com/terms.

About LivingSocial

LivingSocial is the online source for discovering valuable local experiences. We inspire our members to find, share, and enjoy the best of their neighborhoods by connecting them with handpicked local businesses. With new and diverse offerings each day, we encourage members to discover everything from family aquarium outings to weekend excursions to exclusive gourmet dinners and more. We help great local businesses grow by introducing them to high-quality new customers, and give merchants the tools to make our members their regulars. Based in Washington, D.C., LivingSocial now has more than 65 million members in 22 countries.

About Chase

Chase is the U.S. consumer and commercial banking business of JPMorgan Chase & Co. (NYSE: JPM), a leading global financial services firm with assets of $2.3 trillion and operations in more than 60 countries. Chase serves more than 50 million consumers and small businesses through more than 5,500 bank branches, 17,500 ATMs, credit cards, mortgage offices, and online and mobile banking as well as through relationships with auto dealerships. More information about Chase is available at www.chase.com.

Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50248642&lang=en

Contacts

Chase Card Services
Laura Rossi, 302-282-4839
laura.l.rossi@Chase.com

LivingSocial Rewards Visa Card from Chase (Graphic: Business Wire)

LivingSocial Rewards Visa Card from Chase (Graphic: Business Wire)

???news_view.multimedia.download???

???pagination.previous??? ???pagination.next???

Release Summary

The LivingSocial Rewards Visa® Card will provide LivingSocial users with additional value on purchases made everywhere and special cardholder-only benefits and offers.

Sharing

Contacts

Chase Card Services
Laura Rossi, 302-282-4839
laura.l.rossi@Chase.com