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Card Programs - Credit
Card Enhancements
At Covera, we draw on a vast array of enhancements to create precisely the right program for your unique needs:
ACH Auto-Pay
- Monthly payments made to cardholders accounts automatically
- Lowers the delinquency in 5-day category
- Can coincide with payroll deduction
- No cost
Advantage Program
- Choose from three flexible packages:
- Basic, Travel, and Complete
- Programs include benefits such as:
- Auto rental discounts, key registration, discount pharmacy, etc.
- Cost according to agreement
Annual Statement
- Generally used for premium cards such as Gold and Platinum
- at the end of the year, the cardholder can opt to receive a statement that shows all activity on that card
- Minimal cost
Automated Fees (Generate income for the credit union)
- Annual Fee
- Return Check Fee
- Late Fee
- Over Limit Fee
- Inactive Fee
- Miscellaneous Fee
- No cost
CardCentives
- Provides security and coverage for
cardholders to protect against identity theft
- Choose from three different levels
of benefits:
- Prime, Privilege, and Premium
- Programs include benefits such as:
- Identity theft assistance,
extended warranty, concierge service, etc.
Card Protection Insurance
- Credit card life insurance plan from CUNA Mutual Group
- Group policy insures the primary cardholder under 70 years old for up to $20,000 of the outstanding credit card debt
- Cost paid for by credit union
CLIP (Credit Limit Increase Program)
- Credit union selects the criteria to
allow eligible cardholders an automatic increase
- Minimal cost
“Core” Enhancements
- Provides basic enhancements that maintain a high level of client service at a minimal investment.
- Can be added to any credit card program, and includes:
- Extended Warranty
- Warranty Registration
- Extended Service Plans
- Travel and Emergency Services (includes medical referral assistance, pre trip assistance, lost luggage locator, and a dozen more)
- Covera's processor performs all
administration required, including producing statement inserts and
scheduling
- Cost according to agreement
Credit Life and Disability
- Credit insurance and debt protection satisfy participating cardholder’s debt responsibilities when cardholders cannot
- Credit Insurance adds security when cardholders are adversely affected by:
- Unemployment
- Leave of Absence
- Disability
- Death
- Fully funded by the cardholder, this portfolio protection program requires absolutely no cost on your part
- Protects your portfolio value,
generates administrative fee revenue and provides a valuable service
to your cardholders
- Cost according to agreement
Extended Warranty/ 90-Day Product Protection/ Price Guarantee
- Provide peace of mind and promote loyalty to your card with three consumer pleasing enhancement programs that provide valuable insurance against early breakage, loss, theft, or price reductions for purchases cardholders make with your credit card
- Choose any combination or all three
- Cost according to agreement
eZCardInfo
- Online account access with added features such as Bill Pay, Account Summary, Transaction Tracking, and more
- Cost according to agreement
LetterChecks
- Encourage balance transfers and provide cardholders a way to access their line of credit where cards are not accepted
- Options are seasonal, promotional, and weekly
- A great way to increase your outstandings
- Minimal cost
Premier Statements
- Custom, cardholder-friendly
statement that can be personalized with your credit union logo
- Eliminates redundant information to
allow use of unused space
- Cost according to agreement
ProDirect
- Direct mail program that makes it
easier, faster, and better to reach potential cardholders
- Cost according to agreement
Readi Review
- Recognize Opportunity. Avoid Risk. Predict the Future. Readi Review allows you to review your member's credit scores easily.
- Uses credit bureaus risk scores.
- Full Portfolio Review (annually or upon request) or Reissue Review available.
- Scores allow you to run other applications easily within the FIS system such as CLIP (Credit Line Increase Program), Risk Based Pricing, Upgrades, etc., review reports, and track portfolio performance.
- Cost based agreement.
Skip-A-Pay
- Credit union selects the criteria to give their members the capability to Skip-A-Payment from their monthly VISA/MasterCard statement
- Finance charges continue to accrue at the regular annual percentage rate
- No cost
Statement Checks
- Service associated with Premier
Statements
- Single check printed on the bottom
of cardholder statements that allows cardholders to use their
available credit where cards are not accepted
- Cost according to agreement
Travel Accident Insurance $150,000
- Automatically covers cardholders when the card issued by your credit union is used to purchase the full common carrier fare
- Free to credit union, coverage paid by Covera Card Solutions
Travel Accident Insurance - For
Coverage Over $150,000
- When your cardholders use your covered credit card to purchase their entire travel fare, this enhancement provides them with amounts up to $1 million of protection that automatically covers any common carrier accident anywhere in the world.
- Valuable insurance benefit to everyone who travels
- Cost according to agreement
VISA Premium Program Benefits
- VISA card allows the benefits of having the security, reliability, and convenience of the number one payment card used by people around the world
- VISA Premium benefit packages include:
- Auto Rental Insurance
- Emergency Card & Cash
- Lost/Stolen Card Reporting
- Purchase Security
- Travel Accident Insurance
- Travel and Emergency Assistance
- Warranty Manager
- Log on for more information to www.visa.com/benefits
- Cost according to agreement
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