In a press released issued this week, Visa announced they had become the exclusive partner of the soon-to-be merged United / Continental Airlines loyalty credit card program.
Last week the airline carrier announced their newest credit card offering, the MileagePlus program. The offer followed the same guidelines as past deals, except with the option to earn a higher miles rate, complimentary lounge passes, airport perks, and the ability to earn even more points per year for an additional $35 a year. Though the $35 extra a year could be seen as an unnecessary expense to the customer, our review showed the price hike may be well worth it for those who actively fly United or Continental.
When deciding whether or not to buy a credit card solely for the travel rewards, it could be difficult to commit to one airline or gauge travel frequency. A good way to choose a card and airline is to monitor which airlines you fly with most. For a lot of people it can be checking up on which airline hub is closest to where you live. Airline sponsored credit cards are definitely economical, but it is important to chose one you will be using a lot, seeing as they aren’t as flexible.
With United being the second largest airline in the United States, this long-term exclusive contract is seen as a great win for Visa (NYSE:V.N). This multi-year agreement extends Visa’s relationship with United, which has existed since 1987.
Along with the announcement, the airline also shared its plans to merge MileagePlus from United and Continental’s One Pass program by the end of the year. Both Visa and United also confirmed that JPMorgan Chase & Co’s credit card division would be the main issuer.
In the press release Joseph Saunders, Chairman and Chief Executive Officer of Visa Inc. shared his thoughts on the new exclusive offer, “Together, Visa and United with Chase have created one of the most popular rewards products in the world and we are pleased to extend our partnership with United, creating more opportunities to innovate and bring Visa to world travelers.”