Released: September 24, 2007

RevolutionCard hypes new kind of credit card

Source: Leslie Cauley, USA Today

U.S. consumers on Monday can begin signing up for the RevolutionCard, a new kind of “plastic” designed to be unlike any other card.

Among its features: a line of credit, the ability to store up to $15,000 on the card (loaded electronically from the user’s bank account), free online payments, beefed up identify-theft protection and interest rates pegged to the card holder’s credit rating.

Steve Case, former chairman of AOL (TWX) and a RevolutionCard backer, says it aims to be what a credit card should be in an Internet-driven world.

“We’re trying to revolutionize payment systems in this country, which haven’t changed in a few decades,” he says.

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