RealTime IT News

Auto-by-Tel Launches Credit Card Program

Auto-By-Tel launched Mobalist Rewards, a new credit card rewards program that lets car buyers earn rebates toward the purchase of a car through the Web operation.

Credits can be used both for new and for used cars regardless of manufacturer, the company said.

"Auto-By-Tel has created a low-cost, consumer-friendly car-buying experience. Now with Mobalist Rewards, Auto-By-Tel customers can save even more on their next car purchase," said Pete Ellis, president and chief executive officer of Auto-By-Tel Corp.

When spending with Mobalist Rewards Partners, consumers who use their Mobalist Rewards Card earn up to 20% in rewards from companies such as barnesandnoble.com, dining network Transmedia, and Uniglobe Travel Online.

The no-annual-fee cards will be issued by First USA starting in May. Users earn a 1% Mobalist Rewards rebate with every purchase made from non-partner companies.

The Mobalist Rewards Visa card will feature a 9.99% APR on purchases and balance transfers; a credit line of up to $100,000; a balance-transfer option; and access to 24-hour, toll-free customer-service support. Applications for the card will be available via a special toll-free number, and online at www.mobalist.com.