Arriva Card Now Offers Instant Underwriting of Credit on Carnival Cruise Lines

[Flip2cruise]

http://home.businesswire.com/portal/site/google/index.jsp?ndmViewId=news_view&newsId=20070814005184&newsLang=en

 

Arriva Card Now Offers Instant Underwriting of Credit on Carnival Cruise Lines

 

 

 

Casinos on Carnival Cruise Lines Can Arrange for up to $10,000 of Credit to Gaming Customers on the Spot

22 Carnival Ships to Offer “Arriva Card on Demand” at Their Casinos – With Option to Apply for Arriva Card When Booking a Cruise

 

 

LAS VEGAS--(BUSINESS WIRE)--Arriva Card (www.arrivacard.com),the first credit card designed specifically for use in casinos, now offers instant underwriting of credit throughoutthe entire Carnival Cruise Lines fleet. With this new capability, casinos onboard Carnival ships can arrange for Arriva Cards to be issued instantly for vacationers seeking more favorable terms for casino credit card cash advances.

 

The casino completes the application for the customer through Arriva’s online proprietary credit review engine, and within minutes, approved customers receive an Arriva Card with up to $10,000 of credit. The customer has immediate access to the full credit line at the casino.

 

In addition, Carnival will be offering a link to the Arriva Card application form on the Ocean Players Club Website (a casino rewards program for Carnival guests), so when guests book a cruise they will have the option of applying for an Arriva Card to utilize for onboard gaming.

 

“Vacationers often find it difficult to receive credit approval over a weekend or a short period of time. With Arriva Card on Demand we’re making it possible, and we’re reducing the need for Carnival Cruise Lines casinos to extend house credit. We can take applications and instantly provide Arriva Cards to qualified gaming customers – with no credit risk to the casino. Importantly, the customer can use it right away, which is especially useful on a cruise where vacationers have only a limited amount of time,” said Todd Smith, senior vice president of marketing at Global Cash Access, Inc. (GCA), parent of Arriva Card, Inc.

 

All 22 Carnival Ships now offer Arriva Card on Demand, as do many other nationally recognized casinos.

 

First Credit Card to Treat Casino Cash Advances as Entertainment Purchases, not as Loans, at More Favorable Terms than Typically Available

 

Arriva Cards give responsible gaming patrons with strong credit histories more access to cash – and at better terms – than they’d typically have with traditional credit cards.

 

“Traditional credit cards offer much less favorable terms for cash advances than for purchases – even if those cash advances occur within a casino. We know that in-casino cash advances are entertainment purchases, like that of a theater ticket, fine dining experience or hotel room, and not sheer loans. Accordingly, we reward customers for using Arriva,” said Mr. Smith.

Most credit cards charge higher rates for cash advances than they charge for retail purchases; begin charging interest immediately after the transaction (as opposed to giving a grace period like with retail purchases); don’t provide reward points for cash advances; restrict cash advances to only a portion of the credit line; and generally don’t apply monthly payments against cash advance transactions until the retail purchase balance is paid off.

 

Arriva takes a different approach. Arriva Card:

• Offers a true grace period on cash advances.
  
• Gives reward points for cash advances - unlike typical credit cards.
  
• Allows cash advances of the entire Arriva Card credit line.
  
• Charges lower fees and interest rates on cash than many credit cards.

[farler05]

Wow! Just my opinion, but if you need a credit card advance to gamble, you shouldn't be gambling! :confused: