Chase and Air Canada have announced a strategic partnership that will make Chase the exclusive issuer of the airline’s Aeroplan U.S. credit card. As a part of this partnership, Mastercard will become the exclusive payments network for the new offering in the U.S.
The announcement comes one month after Air Canada launched its transformed Aeroplan loyalty program, which brings more value, increased flexibility, unparalleled access to Air Canada, and flight rewards with over 35 partner airlines.
Mark Nasr, vice president, loyalty and eCommerce at Air Canada, said: “We are delighted to partner with Chase and Mastercard to relaunch our U.S. co-brand credit card. Chase’s many strengths, including digital innovation, customer service excellence and a world-class brand, will help us deliver a best-in-class product for US-based Aeroplan members.”
Nasr pointed out that: “The strength of the newly transformed Aeroplan program combined with this partnership will drive significant growth and engagement — focusing on the over two million U.S. residents with strong ties on both sides of the border.”
Ed Olebe, president of Chase Co-Brand Cards, commented: “We are thrilled to be partnering with Air Canada, a company we greatly admire, on a new credit card for U.S. consumers. We look forward to jointly offering innovative perks and flexible rewards delivered as part of the transformed Aeroplan loyalty program.”
Linda Kirkpatrick, president, U.S. Issuers at Mastercard, said: “Mastercard, Air Canada, and Chase share the same commitment to putting the cardholder at the centre – providing meaningful experiences that support everyday spending and passion points. We look forward to working with these terrific partners to deliver a compelling value proposition that resonates with cardholders.”
Aeroplan will also become a transfer partner in Chase’s Ultimate Rewards program, starting in late 2021.
The new Aeroplan Credit Card from Chase is expected to launch in late 2021.