Monday, June 11, 2007

Bank of America creates credit card for wealthy

(Reuters) - Holders may redeem points for such things as luxury vacations, cooking lessons with top chefs, and access to airport lounges, and may use "concierges" to track down hard-to-get concert tickets or dinner reservations. Customers may also redeem 250,000 points each year for a $2,500 charitable donation that the bank would match.




"We're striving to reward clients who make use of the full range of capabilities we offer," said John Bahnken, president of Bank of America's global wealth and investment management products group, in an interview. "This card is a relationship product, to strengthen and deepen relationships."


Read more at Reuters.com Business News

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