MySpace has reportedly entered into a co-venture with Citibank to create a credit card.
Hoping to capitalize on MySpace's popularity among young adults, the companies have created a credit card that will be launched and marketed with a "Generation Forward" campaign.
The Generation Forward campaign will allegedly promote the credit card while simultaneously encouraging young adults to make responsible financial choices.
After a brief promotional period, the credit card's interest rates will allegedly coincide with the standard rates.
[SIDEBAR: MySpace also, of course, has a MySpace page to promote their new venture.]