NEW YORK, April 25 /PRNewswire/ -- TD Waterhouse (NYSE: TWE; TSE), the
global online financial services firm, and First USA, the leading issuer of
Visa credit cards, today unveiled the TD Waterhouse e.card Visa. The
TD Waterhouse e.card Visa allows customers to earn points toward free trades
in their TD Waterhouse brokerage account.
The TD Waterhouse e.card Visa features no annual fee, a reward certificate
which customers can redeem for a free trade in their brokerage account for
every $2,000 spent on retail purchases, and a 5% rebate reflected on the
customers credit card statement for purchases made at select online merchants
including books, electronics, computer equipment, clothing, gourmet food,
flowers and many other products and services. A list of participating e.card
merchants can be found by clicking on 'credit card' and 'online savings' in
the banking section of TD Waterhouse's website located at
http://www.tdwaterhouse.com.
"The TD Waterhouse e.card Visa was designed to enhance the value of the
relationship customers have with TD Waterhouse through their online brokerage
accounts," said Randall Miller, Executive Vice President of TD Waterhouse
Group, Inc. "We looked for a partner that would enable us to offer something
of real value to our customers -- the ability to earn free trades in their TD
Waterhouse brokerage accounts -- and our relationship with First USA helps us
accomplish that."
"We are excited to be partnering with a premier financial services firm
like TD Waterhouse," said Rosemary Cauchon, Executive Vice President of
partnership marketing for First USA. "Through this partnership, First USA
will offer TD Waterhouse's customers a credit card product that provides
additional relevant value beyond the traditional credit card, thus,
strengthening the relationship between TD Waterhouse and its customers."
The TD Waterhouse e.card Visa Card offers a low introductory fixed Annual
Percentage Rate (APR) for purchases and balance transfers for the first six
billing cycles following opening of the account. After that, a competitive
variable APR on purchases and balance transfers of the prime rate plus 6.9%.
First USA (http://www.firstusa.com), a Bank One company (NYSE: ONE), is
the largest issuer of Visa credit cards. First USA offers credit cards for
consumers and businesses under its own name, the Bank One name and on behalf
of 1,900 marketing partners. These partners include some of the leading
corporations, universities and affinity organizations in the United States.
Bank One Corporation is the nation's fifth-largest bank holding company, with
assets of more than $270 billion.
TD Waterhouse Group, Inc., (NYSE: TWE; TSE), provides investors with a
broad range of brokerage, mutual fund, banking and other consumer financial
products on an integrated basis. Worldwide, TD Waterhouse currently services
4.5 million customer accounts in the United States, Canada, the United
Kingdom, Australia, and Hong Kong. The firm also has joint ventures in Japan,
India and Luxembourg to serve investors in those countries. TD Waterhouse can
be found on the Internet and on Windows powered Pocket PC's at
http://www.tdwaterhouse.com, on America Online at Keyword: TD Waterhouse, and
on web-ready phones at http://www.wtdw.com. In the U.S., brokerage services
provided through TD Waterhouse Investor Services, Inc., Member NYSE/SIPC.
SOURCE TD Waterhouse Group, Inc.
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Related links:
http://www.tdwaterhouse.com
Company News On-Call:
http://www.prnewswire.com/comp/959635.html or fax,
800-758-5804, ext. 959635
CONTACT:
Melissa Fox, 212-908-3101,
melissafox@TDWaterhouse.com, or Lazaro Benitez, 212-908-7187,
lazarobenitez@TDWaterhouse.com, both of TD Waterhouse Group,
Inc.; Jeff Unkle of First USA, 302-594-8233,
jeffunkle@firstusa.com
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