National Geographic and First Bankcard Partner on New Credit Card
The National Geographic Society has now entered the credit card industry.
One of the world’s largest nonprofit scientific and educational organizations has forged a partnership with First Bankcard on a new National Geographic Visa Card.
The card will appeal to National Geographic fans since the net proceeds support the Society’s nonprofit work in exploration, conservation, research and education. But the terms of the card are not very attractive compared to other credit cards on the market.
The card has a relatively high APR, ranging from 15.99% to 22.99%, depending on your credit worthiness. It does come with an introductory APR of 0% for six months on both balance transfers and purchases.
The balance transfer and cash advance fees are very high at 5%.
The card offers two points for every dollar spent on purchases through National Geographic as well as one point per dollar on all other transactions. There is an introductory bonus where cardholders can earn 5,000 bonus points if they spend $1,500 during the first three billing cycles. Consumers can redeem points for gift cards, travel, merchandise or a statement credit.
As a special bonus, cardholders receive a free 12-month digital subscription to National Geographic magazine and the “Inside Nat Geo” newsletter, which gives early access to the latest National Geographic news and videos. Cardholders also receive 20% off of qualifying purchases through the National Geographic catalog and online store.
Photography has always been one of the distinguishing features of the National Geographic magazine. In keeping with that theme, cardholders will have the ability to choose the image on their card from five iconic photographs from the magazine’s photography archive.
“Through this program, cardholders will help support the work of National Geographic explorers, grantees and photographers across the globe,” Krista Newberry, National Geographic’s senior vice president of licensing in North America, said in a statement.
First Bankcard is a division of First National Bank of Omaha.