New “PAYBACK Premium” credit card targets a broad consumer base

Free cash withdrawals worldwide – no fees in the first year In cooperation with BW-Bank and Visa, PAYBACK is introducing a new credit card that is aimed at a wide target audience and features attractive terms and conditions. “PAYBACK Premium” lets customers withdraw money all over the world free of charge and comes with no fees for the first year. What’s more, the card owner also automatically collects PAYBACK points for products bought outside the PAYBACK network. They also profit from additional discounts and benefits when booking trips or redeeming points. The “PAYBACK Premium” card is available immediately from www.PAYBACK.de. From the end of October it will also be available from the branches of the partner companies. “'PAYBACK Premium' is a modern credit card that meets the latest requirements. Free withdrawals from cash machines and additional benefits were top priorities for our customers. In this way, we offer consumers considerable added value while providing our partner companies with a key strategic tool for boosting customer loyalty,” explains Alexander Rittweger, CEO of PAYBACK's operator company Loyalty Partner. The introduction of “PAYBACK Premium” brings the number of PAYBACK cards to three. Customers can use the “PAYBACK Classic” card to collect points on their shopping from PAYBACK partners, while “PAYBACK Plus” enables customers to pay for purchases from all participating partners in the same way as with an “EC cheque card”. Now they can use the “PAYBACK Premium” credit card to pay for goods and collect PAYBACK points worldwide. BW-Bank is responsible for all the credit card-specific processes relating to the “PAYBACK Premium” card, from processing the application to issuing the statement. It notifies PAYBACK of the number of points to be awarded each month. Facts and figures on the PAYBACK Premium Card can be found at<link 45#344 - internal-link> press / basicinformation</link>