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Chase and optionsXpress forge card partnership

BBR Staff Writer Published 24 October 2006

JPMorgan Chase unit First USA and optionsXpress Holdings have agreed to a multi-year partnership, under which First USA will issue the optionsXpress Platinum Visa Card, offering customers the opportunity to earn points toward cash deposits in their optionsXpress accounts.

optionsXpress is an online broker that specializes in equity options trading. With the optionsXpress Platinum Visa card, cardholders earn rewards points that are eligible to become cash in their brokerage account. Cardholders earn one point for every dollar spent on net retail purchases. For every 1,500 points earned, they can redeem the points for a $15 deposit to their optionsXpress brokerage account. Cardmembers can also get a 0% APR introductory offer for up to 12 months and no annual fee. We are pleased to be able to offer our customers another way to get more out of their brokerage account, said Lou Friedmann, executive vice president of marketing at optionsXpress. optionsXpress already offers what we believe is the most value of any online broker, and by helping our customers get more value from their everyday purchases, everybody wins.

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