Cathay Pacific is the latest airline to roll out its own branded travel rewards credit card. The airline is teaming with Synchrony Bank to issue the Cathay Pacific Visa card.
Consumers who routinely fly the airline will get the most benefits. Cathay Pacific flies to 173 destinations in 42 countries and territories. While the most perks are for tickets on those flights, the company says the card can be used anywhere in the world where Visa is accepted.
While mostly an Asian-centered international airline, Cathay Pacific originates more than 100 flights each week from six U.S. airports -- Boston, Chicago, Los Angeles, New York-JFK, Newark Liberty, and San Francisco.
The card provides up to two Asia Miles per dollar spent on eligible purchases. For opening an account, consumers can earn 25,000 Asia Miles, as long as they spend $2,500 or more in the first 90 days of opening their account. The airline says that alone is enough for a one-way upgrade on a Cathay Pacific flight.
A natural step
Though it's relatively late to the rewards credit card game -- most major airlines already have branded cards -- Eric Odone, Vice-President of Sales and Marketing, Americas, Cathay Pacific, says the card is a natural step for a company that seeks to enhance the joys of travel.
"We share Cathay Pacific's passion for superior customer service and rewarding travelers well with greater perks and payment flexibility to enjoy their experience," said Tom Quindlen, Executive Vice President and CEO of Retail Card for Synchrony Financial.
Here's a quick rundown of what the new credit card offers:
- Two Asia miles for every $1 spent on Cathay Pacific, either online or during a flight
- One and a half Asia Miles for every $1 spent on restaurants in the U.S. and other countries
- One and a half Asia Miles for every $1 spent anywhere outside the U.S.
- One Asia Mile for every $1 spent in the U.S.
The Asia Miles website shows customers where they can find ways to redeem the miles they earn. The redemptions include use on Cathay Pacific, oneworld and partner airlines, and travel packages.