First National Bank of Omaha has introduced First AgRewards, a unique agribusiness revolving line of credit through the convenience of a Visa credit card.
First AgRewards offers several unique features including rewards points redeemable for cash or merchandise, detailed monthly and annual statements for tax planning, and the flexibility to select the month in which full payment of the account will be due, based on when each customer receives the majority of their annual sales revenue.
"There's nothing like this on the market today. The product's features differentiate First AgRewards as an unparalleled tool for financing the operating needs of agricultural producers," said Stephen Eulie, president, First National Credit Card Center. "This will be a viable alternative for producers to obtaining a line of credit from a local bank."
"With the ever-changing marketplace, customers want increased convenience and flexibility," commented Tom Jensen, senior vice president of the Agribusiness Department at First National Bank of Omaha. "Agriculture is the heart and soul of the Midwest, and we want to provide this generation's and next generation's agricultural producers with a product that is tailored to meet their needs."
First AgRewards may be used for purchasing farm inputs such as seed, fertilizer, fuel, and chemicals using the universal purchasing power of Visa. The product features checks for use with vendors who do not accept credit cards.
More information about First AgRewards and how to apply can be found at www.firstnational.com/firstagrewards or by calling 1-800-652-5741.