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Credit Card Rewards Helps Cardmembers Pay Down Their Mortgages Faster

December 18th, 2007

According to a recent survey1 of more than 2,000 customers of Countrywide Rewards(SM) Visa® Card, 71 percent of respondents said they have saved money on their mortgage, or plan to use the principal reduction option, by using the card’s distinctive rewards feature. The survey was conducted by Countrywide Bank, FSB.

Countrywide Rewards(SM) Visa® Card was launched in February 2007 with First USA. The Countrywide rewards credit card enables cardmembers to earn one point for every dollar spent on purchases and interest, with no point cap. Once cardmembers earn 2,500 points they can redeem them for a $50 payment applicable to any outstanding Countrywide mortgage principal balance, not just their own Countrywide mortgage. This means that cardmembers can apply the rewards towards a friend or family member’s Countrywide mortgage2.

Countrywide Rewards Credit Card: Key Survey Findings

  • Customers using the principal reduction reward feature are significantly more satisfied with the card than those using the other reward features available.
  • Nearly half of Countrywide Rewards(SM) Visa(R) cardmembers who have a Countrywide mortgage indicated they are more likely to keep
  • Countrywide as a mortgage provider because of the card.
  • More than one-third of customers closed out a previously held credit card after receiving the card.

Want to learn more about Countrywide Rewards Credit Card?

  • To apply for Countrywide Rewards(SM) Visa® Card, call +1-800-339-8216 and mention code 60DD or fill out a form and apply online
  • For more information about rewards cards and additional details about Countrywide Rewards(SM) Visa® Card, read the Countrywide Rewards Card section.

1.Survey Methodology: This survey was conducted online within the United States by Countrywide, between September 13 and 24, 2007 among 2,061 adults (aged 18 years and older).

2.Cardmembers earn 1 point for each $1 of net purchases and 1 point for each $1 of interest. Cardmembers may receive double rewards when applying earned points to pay down the principal on an outstanding Countrywide mortgage. For every 2,500 points earned, cardmembers may receive a $50 payment to apply to the principal balance of a Countrywide mortgage. Points cannot be earned on balance transfers, cash advances, any checks that are used to access your account, travelers checks, unauthorized or fraudulent charges, or fees of any kind, including fees for products that protect or insure the balances of your account. There is no maximum number of points that a cardmembers can accumulate in the program. See Rewards Program Rules and Regulations, which will be mailed after the account is established.

Lower Your Mortgage Principal

October 3rd, 2007

Start Earning Rewards You Can Use to Lower Countrywide Mortgage Principal with Countrywide RewardsSM Platinum Visa® Card

Did you know that the Countrywide Rewards Credit Card can help you lower your mortgage principal? If you’re thinking of getting a new credit card, consider applying for a Countrywide Rewards Platinum Visa card. The rewards card can help you earn points on your credit card purchases1, which you can redeem to lower your mortgage principal.

How Does Countrywide Rewards Lower Your Mortgage Principal?

  • You earn points on all eligible credit card purchases – 1 point per dollar. 1
  • With every 2,500 points you redeem, you receive a $50 check to apply to your outstanding mortgage balance with Countrywide.
  • There is no maximum number of points that you can accumulate in the program. The more you spend, the more you earn in rewards points.

How to Apply for Countrywide Rewards Platinum Visa Card:

  • Apply Online

    To apply for the Countrywide Rewards Platinum Visa Card, just contact our card issuer, First USA, and fill out the convenient online application. See Pricing & Terms for details.

  • Apply By Phone

    To apply by phone, call First USA at
    1-888-211-9095

1.You will earn 1 point for each $1 of net purchases and 1 point for each $1 of interest. You do not earn points on balance transfers, cash advances, any checks that are used to access your account, travelers checks, unauthorized or fraudulent charges, or fees of any kind, including fees for products that protect or insure the balances of your account. There is no maximum number of points that you can accumulate in the program. See Rewards Program Rules and Regulations which will be mailed after your account is established.

Accounts subject to credit approval. Countrywide Platinum Visa credit cards are issued by First USA and may be serviced by its affiliates. Countrywide is not responsible for products and services offered and provided by First USA.

CountrywideCredit.com

September 12th, 2007

About CountrywideCredit.com

CountrywideCredit.com is offered by Countrywide Home Loans a division of Countrywide Bank, FSB, along with Experian® and First USA. CountrywideCredit.com offers credit tools and calculators, mortgage rewards credit card, and a comprehensive credit learning center to help educate consumers on credit-related topics.

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Countrywide RewardsSM Platinum Visa® Card

The Countrywide Rewards Platinum Visa Card turns everyday purchases into extraordinary rewards. Why settle for any credit card when you can have one which can actually help you pay down your mortgage principal balance. Click here to learn more about the Countrywide Rewards Platinum Visa Card.

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