The $467 million Water and Power Community Credit Union of Los Angeles said this week it is getting good response from a month-old Platinum Cash Rewards MasterCard product.
The offering debuted on Sept. 20 and is being handled through PSCU Financial Services. It offers 1% cash back for all purchases and 3% cash return for gas, groceries and drugstore purchases for the first six months
"We've opened 255 accounts as of last week, so it's turning out to be a popular card," said Linda Heidtke, the CU's director of marketing.
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