Capital One has informed its Card Lab Connect partners that it is ending the program, under which AGA members could apply for go-decorated VISA cards whose fees were shared with AGA, according to AGA President Andy Okun. “I am quite disappointed, as the program was a nice addition to the AGA budget and the cards a nice conversation piece,” he told the E-Journal. New applications are no longer being accepted, although spending on existing cards will generate revenue through the end of September. After that the cards will be replaced with ordinary Capital One cards, which members may keep or cancel as they please. The AGA will make good on its offer of a $50 cash rebate for New York Congress attendees showing the card. “We promised,” Okun said (U.S. Go Congress Registration Opens with Special Rebate Offer 3/30/2014). Capital One cited declining business in the wake of the 2008 financial crisis as reason for leaving the affinity card business. There are a few similar other programs out there, but Okun said he would like feedback at firstname.lastname@example.org before deciding on whether to go down that path.
American Go E-Journal
Saturday June 28, 2014