Without charging any annual fee, the card delivers high reward point values and unlimited earnings, while the points can be redeemed for cash, gift cards, merchandise, or travel.

Additionally, the card offers rewards and benefits such as round the clock concierge service, exclusive perks, such as special offers on travel, sports, and entertainment, and the Visa zero liability coverage.

SMU alumni board chair Leslie Melson’77 said, "Using this card whenever they shop, dine or travel is a great way for SMU alumni, parents and friends to show their Mustang pride as well as to earn some great rewards!"

The SMU Visa Signature card, which will be offered through the Commerce Bank website, can be used anywhere Visa cards are accepted.