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Onyx Card Tue, Jul 7, 2009 AddThis Social Bookmark Button

By Karen Shuggart, CardTrak.com

Following on the heels of the new "Chase Sapphire" card, TNB Card Services has unveiled the "Onyx MasterCard." Texas-based Texas Dow Employees Credit Union has teamed with TNB to offer the new credit card to its high end members. The "Onyx MasterCard" blends revolving and non-revolving credit, targeting members with credit scores of 720 and higher. A cardholder with a $10,000 credit limit can access up to three times the line of credit, for purchasing power up to $30,000. The first $10,000 is on a revolving limit, like a traditional credit card, in
which the balance due can be paid in full each month, or revolve with interest. The remaining balance, or non-revolving credit, is due in full at the end of each billing cycle. In addition, cardholders earn up to 2% cash back for all purchases, including non-revolving transactions. TDECU has 120,000 members and more than $1.4 billion in assets. For more information visit: http://www.tnbcard.com