Imperial Capital Bank was a full service bank with credit cards at one time. However, as of December, 2009, Imperial Capital Bank was closed due to financial failure. City National Bank has assumed all accounts of Imperial Capital Bank, so this article will mainly focus on credit cards from City National Bank, not Imperial Capital Bank. Use the free link to find and compare other credit card offers now!
On Friday, December 18, 2009, the California Department of Financial Institutions officially closed the doors of Imperial Capital Bank due to bankruptcy. City National Bank became the recipient of the nine branches and reopened the doors on Monday, December 21, 2009.
Par t of the loss involved in the failed bank transfer was shared between City National Bank and the FDIC. The FDIC is the Federal Deposit Insurance Corporation, which protects the financial investments of depositors for up to $100,000 per account.
Credit Cards from Imperial Capital Bank
Since Imperial Capital Bank no longer exists, you cannot get an Imperial Capital Bank credit card. However, all financial transactions between Imperial Capital Bank and City National Bank were handled professionally and most Imperial Capital Bank account holders should have noticed a smooth transition.
Credit Cards from City National Bank, the New Owner of Imperial Capital Bank
City National Bank offers two kinds of credit cards, the City National Visa Classic Credit Card with Rewards and the City National Visa Platinum Credit Card with Rewards. You may be able to get a rewards credit card without a rewards program directly through City National Bank.
With the rewards program offered by City National Bank you can earn points that remain active as long as your account stays open. If the rewards program terminates early, you will have 60 days to redeem your points.
Rewards Program from City National Bank Credit Card
You can accumulate rewards points faster by combining your City National Bank credit card with your City National Bank Check Card. For every qualifying dollar you spend on your credit card you earn 1 point and you earn 2 points when you use your Check Card.
Points can be combined and accumulated and then redeemed for merchandise, gift cards, or travel. Travel credit card rewards take the form of airline tickets or travel items, such as a GPS system or luggage.
Although you can no longer benefit from an Imperial Capital Bank credit card, you can enjoy the rewards offered by City National Bank. Get other credit card offers today!