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Article: Travel agent group looks to recoup lost income with Banc One link. (TravelPlus Visa named official credit card of American Society of Travel Agents)(Brief Article)
- Article from:
- American Banker
- Article date:
- March 31, 1995
- Author:
CopyrightCOPYRIGHT 1995 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Banc One Corp.'s TravelPlus Visa has been named the official card of a leading travel association that is seeking to recapture lost commissions for its agents.
American Society of Travel Agents, which has more than 25,000 members, said it wants to compete with the popular cobranded credit cards that have hurt commissions in recent years.
"Travel agents have been cut out of travel business by airlines that have put more restrictions on how customers can purchase tickets," said Mark K. Tonnesen, president of the Banc One Credit Card Services Co., Columbus, Ohio.
Consumers using these cards have been able to redeem their free travel points through an 800 ...