chase away, the US commercial and consumer banking operations of JPMorgan Chase & Co., and Air Canada, Canada’s largest airline and founding member of Star Alliance, announced a strategic partnership, making Chase the exclusive issuer of the airline’s U.S. Aeroplan credit card. As part of the collaboration, MasterCard will become the exclusive payment network for the new offer in the United States
The announcement follows the recent launch of Air Canada’s transformed Aeroplan loyalty program, which brings more value, increased flexibility, unparalleled access to Air Canada and airline rewards with more than 35 partner airlines.
“We are delighted to partner with Chase and Mastercard to relaunch our co-branded credit card in the United States. Chase’s many strengths, including digital innovation, excellence in customer service and a world-class brand, will help us deliver a top-notch product to Aeroplan members based in the United States. The strength of the newly transformed Aeroplan program, combined with this partnership, will drive significant growth and engagement, focusing on the more than two million U.S. residents with strong ties on both sides of the border, ”said Mark Nasr, Vice-President, Loyalty and Electronic Commerce, Air Canada.
“We are delighted to partner with Air Canada, a company we greatly admire, on a new credit card for US consumers. We look forward to co-offering innovative benefits and flexible rewards as part of the transformed Aeroplan loyalty program, ”said Ed Olebe, President of Chase Co-Brand Cards.
Chase’s new Aeroplan credit card is expected to launch at the end of 2021. Aeroplan will also become a transfer partner of Chase’s Ultimate Rewards program, starting in late 2021.
“Mastercard, Air Canada and Chase share the same commitment to putting the cardholder at the center – delivering meaningful experiences that support day-to-day spending and passion points. We look forward to working with these great partners to deliver a compelling value proposition that resonates with cardholders, ”said Linda Kirkpatrick, President of US Issuers at MasterCard.
Chase is a leading global financial services company with assets of $ 3.2 T and operations worldwide. It serves nearly half of U.S. households with a wide range of financial services, including personal banking, auto financing, credit cards, mortgages, investment advice, small business loans, and processing. payments.