American Savings Bank (ASB) and First Bankcard, a division of First National Bank of Omaha, have launched new American Savings Bank Maximum Rewards Visa Card designed to reward home improvement purchases.

The new card offers point earning benefits with the opportunity to earn bonus reward points on qualifying purchases of home goods.

Cardholders will earn three points for each $1 in qualifying purchases including two bonus points for home goods with reward redemption options comprising cash back as a statement credit, gift cards, travel, and more which can be used within five years.

Stephen Eulie, president of First Bankcard, said: "Our partnership with ASB is resulting in a credit card program that stands apart from their competitors and addresses unique needs of their customers.

"ASB knows that many Hawaii cardmembers are interested in tackling home improvement projects. This card allows ASB credit card customers to invest in, improve and update their homes while earning rewards on everyday purchases."

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By GlobalData