With National Football League going ahead with moving its credit card business to the British bank, Barclays, from Bank of America, the existing customers holding the NFP credit card have no choice but to redeem all the points they have accumulated on their cards within the next two months.
The new Barclays program begins from the month of September. Fans are frantically trying to find out how they can redeem their points from now till the end of August they have managed to collect under the Bank of America program.
For every dollar spent using the card, the fan get one point added on to it. There are many options that fans can opt from. They can choose to visit the field before commencement of the game or go in for NFL team jerseys if they have 10,400 points on their card. They can go in for the Pittsburgh head rest if they have accumulated 3,250 points and if they want an hour long appearance from Miles, the mascot for Denver Broncos, they will have to let go of 40,000 points on their card.
The website for the NFL credit card has a clock ticking away telling fans how many days they have to spend their points. As of Monday, these credit card holders had 57 days to spend the points.
One of the clients, Ann Weinzimmer, has accumulated close to five thousand points on the Cleveland Brown card. A lawyer by profession, Ann is upset that her account keeps switching ownership. This is making her think on the lines of a new card as compared to the NFL credit card she current holds.
Weinzimmer said that she is an ardent supporter of the Cincinnati Bengals and she might end up using her points to buy baseball caps which are her favorite.
Despite the financial breakdown over the last three years, the market for cards affiliated universities, special ventures and sports has been steadily increasing. National Football League prefers partnering with credit card companies since they not only get the initial payments to own the franchise, but also a part of the profits from the business they give the companies. The credit card companies also do not show a lot of resistance in such offers because they don't have to bend over backwards to convince fans of the game to sign up for such credit cards.
Both NFL and Bank of America have not revealed the decision for this move.