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People’s United Bank and Elan Financial Services have rolled out six new credit cards including the World Elite, World Bonus Rewards, World Bonus Rewards PLUS, Platinum, College and Secured cards. These cards also come along with rewards program, in which people earn 1 to 1.5 points per dollar depending upon the card they have. And with certain cards people earn $25 to $50 cash back bonus after making an initial purchase.
Elan and People’s United Bank already have a portfolio of American Express Cards under their belt, so this is not a new partnership. “Ever since our initial collaboration with People’s United Bank, they have demonstrated their commitment to being the bank that knows their customers,” said John Owens, president of Elan credit cards. “We are eager to extend our innovative, secure and convenient consumer credit solutions to help further the bank’s commitment to exceeding customer expectations and meeting their financial needs.”
Perks and features
With these new cards points can be redeemed for cash back as a statement credit, and here too, depending upon which card you have, it can be used to book airline flights. They also include extras including auto rental collision and theft coverage, fraud protection, extended warranty coverage, and travel assistance.
When this deal was inked it also paved the way for integrating the new cards with EMV technology to give them an additional layer of security and meet the new guidelines put in place. They have also outfitted the cards with enhanced payment technologies, so cardholders can use these new MasterCards with digital wallets and get real time alerts when there is activity on their account if they opt in.
People can apply for the cards at local bank branches, located in Connecticut, New York, Massachusetts, Vermont, New Hampshire and Maine, but the can also apply and get more information via the bank's web site.
People's United Bank was founded in 1842, and is a part of People's United Financial, Inc., a financial services company which has more than $37 billion in assets. Branches are primarily located in the Northeast and provide a wide range of services including retail and commercial banking.