Laurentian Bank Launches Its EXPLORE Credit Card: The Card Designed for Travellers

CNW Group

MONTREAL , Nov. 20, 2013 /CNW Telbec/ - Laurentian Bank is enhancing its line of credit cards with the introduction of its VISA EXPLORE card, the card that offers travellers a host of benefits.

VISA EXPLORE credit card: designed for travellers

The VISA EXPLORE credit card is a Gold-type card featuring a generous points program that is particularly attractive for travelers who regularly charge their transportation, trips and currency purchases to their cards.

More specifically, VISA EXPLORE offers:

  • 3 points for every dollar charged to the card for pre-authorized payments
  • 2 points for every dollar charged to the card for purchases in the travel and transportation categories
  • 2 points for every dollar charged to the card on foreign currency purchases
  • 1 point for every dollar charged to the card for all other types of purchases

For globe-trotting couples, another valuable benefit of VISA EXPLORE is that a second card can be obtained without the need to pay annual fees. Points accumulated can be redeemed for all sorts of travel (without restriction on dates or destination), for over 350 different types of products and items, or for gift certificates valid at more than 80 participating merchant locations.

The card also features a comprehensive travel insurance program, including care and hospitalization for up to 31 days, trip cancellation and interruption, baggage delay, and rental car collision and damage coverage.

VISA DOLLARS Card
Moreover, Laurentian Bank is launching its VISA DOLLARS card, which features a reward program offering 3% cash back on pre-authorized payments, and 2% cash back on purchases in the grocery and fuel categories. With its 3% cash back on pre-authorized bill payments and its unique annual fee for couples, VISA DOLLARS is the most advantageous cash back card of its kind offering as much to cardholders. Like the VISA EXPLORE card, it offers a purchase insurance and extended warranty program as well.

"With these two new VISA cards, we are clearly consolidating our position in the credit card market," underlines the Bank's Assistant Vice-President of VISA, Patrick Robineau . "We revisited our offerings in order to be able to meet the needs of our clientele even better and offer a line of products perfectly adapted to their lifestyles. In effect, our two new cards compare very favourably to what is available on the market."

In addition to these two cards, Laurentian Bank also offers the FADOQ VISA Gold Privileges card, which enables members to renew their membership for free (with a minimum monthly average purchase amount of $500 ), as well as to enjoy the benefits of an attractive rewards program. The Bank's line of cards also includes the VISA Québec Network of Engineers Infinity card, which offers exclusive benefits to members of that network.

About Laurentian Bank
Laurentian Bank of Canada is a pan-Canadian banking institution that has $34 billion in balance sheet assets and $37 billion in assets under administration. Founded in 1846, Laurentian Bank was selected in 2012 as one of the 10 winners of the Canada's Passion Capitalists program in recognition of its sustained success in creating "Passion Capital" among its people. The Bank employs more than 4,200 people.

Recognized for its excellent service, proximity and simplicity, Laurentian Bank serves more than one million clients in market segments in which it holds an enviable position. In addition to occupying a choice position among consumers in Québec, where it operates the third largest branch network, the Bank has built a solid reputation across Canada in the area of real estate and commercial financing thanks to its teams working out of more than 35 offices in Ontario , Québec, Alberta and British Columbia .  Its subsidiary, B2B Bank, is a Canadian leader in providing banking products as well as investment accounts and services to financial advisors and brokers, while Laurentian Bank Securities is an integrated broker, widely recognized for its expertise and effectiveness nationwide.

SOURCE Laurentian Bank of Canada

Contact:

Mary-Claude Tardif
Public Relations Advisor
514 284-4500, extension 4695
mary-claude.tardif@banquelaurentienne.ca

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