advertisement
Looking for something on the site? Search for it here! Also see Clark's Greatest Hits

Sep 14, 2007 -- Earn travel rewards with Capital One

There's a new development in the banking world that Clark is excited about. For years, airlines have had great success buying customer loyalty through frequent flyer programs. Now Capital One has a new program that's built on the same idea. The company offers a Rewards Money Market Account that earns 4.66 percent -- slightly lower than Capital One's normal rate of five percent. But you can get travel rewards based on how much money you have in the account and how long you keep it there. The best part is that when you redeem your points, you're not locked into one level or rate of ticket. So if you can find a super cheap travel deal, you'll get the ticket and also get to keep the points you might otherwise have "spent" on a ticket of average price. It's like being rewarded for being a good airfare shopper. This is a potential win-win situation all the way around. Look for similar loyalty programs from banks and credit unions in the future. As Clark says, they're all about the "sticky," which means they're always trying to come up with new ways to retain you as a customer.

Unfortunately, Clark won't be able to answer any questions submitted via commenting. If you have a question, please try posting it to our message boards.

Avg. rating: N/A

What others are saying

There are no comments yet. Be the first to post one!

send to a friend  view as printer-friendly  RSS feeds
advertisement
advertisement
THIS WEEK'S POLL
advertisement