RevolutionCard Brings Change to Credit Card Industry
RevolutionMoney has finally launched its highly anticipated RevolutionCard, which is a secure alternative to standard credit cards.
Why the RevolutionCard is Different
Examples include the fact that the RevolutionCard has no account number, name, or signature line on it. The payments are therefore authorized by entering a PIN number, similar to that of a debit card. To make purchases online or by phone, customers can simply use their PIN number. In other words, the cardholder does not have to provide an online retailer with a credit card number, thereby making the transaction more secure.
The RevolutionCard may act like a debit card, but customers receive the same rewards offered by standard credit cards. In fact, customers of the RevolutionCard are afforded plenty of loyalty programs, which include exclusive offers and discounts on many types of purchases.
Benefits of the RevolutionCard
The RevolutionCard was designed to combat identity theft that has plagued so many millions of Americans. Many consumers are looking for alternatives to traditional credit cards out of fear of credit card theft, and the RevolutionCard fits the bill nicely.
The RevolutionCard is offered by RevolutionMoney, which is a part of Revolution LLC, a company founded by Steve Chase, the founder of America Online.
The RevolutionCard is the first of its kind in the industry, and is the first new credit card brand since the introduction of the Discover card in 1985. It is the first card that is activated and used by entering a four-digit PIN code.
Because there are no credit card numbers on the RevolutionCard, the chances of the card being stolen and used by credit card thieves is greatly reduced. The card also encrypts all transactions and activities, thereby providing an added level of security.
The processing involved with the RevolutionCard is also reduced, thereby offering retailers reduced fees and merchant incentives.
The RevolutionCard is currently accepted at over 650,000 retailers across the United States. In addition, 85 percent of ATMs now accept the RevolutionCard.
The RevolutionCard may become a growing trend in the credit card industry, as many traditional credit card companies hike up interest charges and related fees for their cards. As a result, many customers are looking for other options in an effort to avoid the skyrocketing charges associated with traditional credit cards.
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