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Over the last several years, websites that offer online daily deals have captured the imaginations of online shoppers and have provided affordable ways to explore local businesses. Lovers of LivingSocial's online offers and experiences now have a new way to earn reduced or free deals with a new LivingSocial and Chase Card Services co-branded credit card. Holders of the LivingSocial Rewards Visa Card will have the opportunity to earn Deal Bucks that can be applied to purchasing deals through LivingSocial's website.

"LivingSocial provides a valuable service to consumers and we are pleased to offer social-buying enthusiasts a product that enhances their shopping experience with the ability to earn rewards for their purchase," said Dan Dougherty, director, Chase Card Services, in a press release. "For local merchants, LivingSocial has helped redefine how businesses connect with consumers to promote their products and services and increase sales. The LivingSocial Rewards Visa Card is yet another extension of Chase's support of small businesses within our local communities."

LivingSocial is an online site that offers daily deals for local businesses in 22 countries, including cities throughout the United States, Canada, Australia, New Zealand, the United Kingdom, Ireland, France, Egypt, Lebanon and the United Arab Emirates. LivingSocial customers buy vouchers to enjoy experiences and services for a portion of the full retail price.

With this new credit card, users can earn points on every purchase they make with the card, with the opportunity to earn a greater number of points per purchase depending on the product category they're purchasing. Buying a deal through LivingSocial earns the user five points per $1 spent. Every dollar spent on dining, including fast food, fine dining restaurants and bars, earns the user three points per $1 spent. All other purchases earn 1 point per $1 spent.

Once a cardholder accrues 100 points, those can be converted into one LivingSocial Deal Buck. These are credits that are automatically applied to a cardholder's next eligible purchase on LivingSocial.com.

"LivingSocial constantly strives to find new ways to energize the connection between our merchant partners and members, and the LivingSocial Rewards Visa Card is another example of how we are leading the industry in providing new and useful ways to promote these interactions," said John Bax, chief financial officer for LivingSocial in a statement. "Chase's proven history and commitment to small businesses -- the majority of our merchant base -- makes them the perfect partner to offer this card with."

As an introductory incentive, new cardholders will receive 30 Deal Bucks in their LivingSocial account upon being approved for the credit card. Deal Bucks may be redeemed for all kinds of offers, including those for local restaurants, vacations, adventures and online food ordering.

Additionally, for all billing cycles that begin in 2012, cardholders will earn 1000 points, which translates to 10 Deal Bucks, for each billing cycle in which they make at least ten purchases. This offer expires at the end of the billing cycle that begins in December 2012.

Cardholders will have to keep in mind that LivingSocial's Deal Bucks do have expiration dates. The Deal Bucks earned through points will expire five years after they're put onto your LivingSocial account.

According to the credit card terms, cardholders can only accrue points for purchases. This does not include balance transfers, cash advances, purchases of travelers' checks, foreign currency, money orders and other assorted fees.

The card features no annual fee and a Purchase Annual Percentage Rate (APR) of 15.24%, which may vary with the market based on the Prime Rate. The card also does not come with a 0% introductory APR. Applicants may be approved for the card in as little as 30 seconds.