Prepaid card provider Netspend and United Airlines announced in a press release the launch of the MileagePlus GO Visa Prepaid Card, the first prepaid card program in the U.S. that allows consumers to directly earn miles for qualifying purchases.
This is good news for the growing number of Americans who are using prepaid cards for everyday purchases. In fact, the prepaid market has grown from less than $1 billion in 2003 to nearly $96.8 billion in 2015. And the total dollar value loaded onto these prepaid cards is expected to reach $112 billion by 2018.
The MileagePlus GO Visa Prepaid Card will be available this summer and will reward cardholder spending with award miles that can be redeemed through United’s MileagePlus loyalty program.
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This is good news for those who want a prepaid card and the ability to earn travel.
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