New reward credit card launched

Thu, 08 May 2008

Barclaycard has joined forces with InterContinental Hotel Group (IHG) in order to launch a new reward based credit card.

The credit card will offer consumers the change to earn rewards that can then be redeemed at IHG hotels .

People will earn points every time they use the credit card and will also receive 10,000 bonus points the first time they use the Priority Club Rewards card .

Mike Kopec, vice-president, IHG Global Alliances and Business Analysis, said: "We are delighted to team-up with Barclaycard to launch our new Priority Club Rewards Visa credit card .

"Customers will benefit from the generous rewards available whenever they use their card and will receive double points when they use the card in IHG hotels."

Earlier this week David Kuo, head of personal finance at Fool.co.uk, claimed that credit cards still want to lend people money but are tightening their criteria because of worsening economic conditions.
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