U.S. Bank has recently confirmed the beginning of a travel rewards visa cards, FlexPerks. Previously US Bank customers used WorldPerks card to earn miles with Northwest Airlines is being change with this new visa card. Anytime of this month the WorldPerks card which is issued by US bank will be transformed to FlexPerks travel rewards visa card. When the card will be converted into new FlexPerks card it will have the similar number of previous WorldPerks card, so no request is necessary and automatic bill costs should carry on continuous.

This new FlexPerks travel rewards visa card offer flexibility to get points faster toward free flights on over one hundred-fifty airlines with no pass out dates or reward ticket redemption fees. About the card, chief marketing officer of U.S. Bank’s retail payment solutions, Cliff Cook, said:

“US Bank FlexPerks Visa is designed to upgrade our valued WorldPerks Visa customers to what we truly believe will be the most valuable travel rewards card in the marketplace. We had the perfect opportunity to confirm what was most important to our travel-minded customers and designed a new card program that gives travelers even more of what they seek: flexibility and value.”

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Recently Microsoft announced in a Securities and Exchange Commission (SEC) filing that the company is offering 5, 10 as well as 30 years senior unsecured notes. According to a press release, the company is going to sell

Over $2 billion of 2.95% notes due 1, June 2014.

Around $1 billion of 4.20%t notes due 1, June, 2019.

Nearly $750 million of 5.20% notes due 1, June 2039.

The giant software producer said it can use earnings from the sale for common corporate purposes like possible acquisitions or stock buybacks. J.P. Morgan Securities Inc. gets the lead sponsor on this sale. The current offer is likely to close 18 May. The company’s shares dropped10 cents. Earlier it was $19.32.

September 2008, the company’s board authorized to receive up to $6 billion in debt. Microsoft authorization came simply before the interest rates were going on. The company is now sitting on over $25 billion in cash. They were capable to wait until interest rates went down and made a move. Corporate debt showing declined last fall but went up again during January. On the other hand, Standard & Poor’s Rating Services (SPRS) rewarded the company as an “AAA” commercial credit rating.

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