Air Canada Teams With Chase, Mastercard on U.S. Credit Card
December 14 2020 - 11:53AM
Dow Jones News
By Robb M. Stewart
JPMorgan Chase & Co. has struck a deal to become the
exclusive issuer of Air Canada's loyalty-plan credit card in the
U.S., while Mastercard Inc. becomes the exclusive payments network
for the airline's new offering for U.S. customers.
The new Aeroplan credit card from Chase, which is expected to
launch in late 2021, is part of a multiyear strategic partnership
agreement between the companies, Air Canada said Monday. It was
announced one month after the airline launched a transformed
Aeroplan loyalty program.
Air Canada said Aeroplan will also become a transfer partner in
Chase's Ultimate Rewards program, starting in late 2021.
Write to Robb M. Stewart at robb.stewart@wsj.com
(END) Dow Jones Newswires
December 14, 2020 11:38 ET (16:38 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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