Chase LivingSocial Credit Card
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LivingSocial Credit Card, the second-largest daily deal company behind Groupon Inc, plans to launch its first credit card in coming months to help merchants attract repeat customers. The card, with no annual fee, will be offered with Chase, part of JPMorgan Chase & Co, and Visa Inc to all LivingSocial’s U.S. subscribers. This new offering earns cardmembers 5 points per $1 spent on LivingSocial purchases, 3 points per $1 spent on dining and 1 point on everything else. In addition, as part of a special promotion for 2012, cardmembers will receive 10 Deal Bucks after making 10 purchases each billing cycle.
There are no limits to the number of points you 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.
In a 2011 survey by LightSpeed Research, 27% of LivingSocial members said they were interested in a LivingSocial-branded credit card. The survey also found that, compared to the overall U.S. credit card population, daily-deals customers were more responsible with credit and had higher incomes. LivingSocial has more than 65 million members in 22 countries.
For more info on the LivingSocial Credit Card, see www.chase.com/livingsocial.
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