US Bancorp Payment Services vice chairman and head Pamela Joseph said, "Our best in class servicing and reward card products complement and enhance Edward Jones’ commitment to providing high quality financial services for their clients in order to help them achieve their goals."

Edward Jones MasterCard cardholders can earn valuable Loyalty Points for net dollars spent which can be redeemed for travel, merchandise, gift cards, charitable donations or ChoiceInvest, the service provider said.

The firm explained that the ChoiceInvest is a new option facilitating clients to redeem points for cash that may be directly deposited into their Edward Jones account.

Edward Jones said that its cardholders will also get MasterCard benefits such as a 24-hour caretaker service, fraud protection, travel accident insurance and easy cash access.