LATAM has partnered with Silicon Valley-based credit card startup Cardless to offer two new co-branded credit cards, the no-fee LATAM Airlines Mastercard and the LATAM Airlines World Mastercard, which are issued through First Electronic Bank.
On Tuesday (June 21, 2022), LATAM Airlines announced that they have partnered with Silicon Valley-based credit card startup Cardless to offer two new co-branded credit cards, the no-fee LATAM Airlines Mastercard and the LATAM Airlines World Elite Mastercard. The cards have been created and distributed by Cardless and are issued through First Electronic Bank. Both cards are available to U.S. consumers, and offer the ability to earn award travel worldwide, Qualifying Points towards LATAM Pass Elite Status, no foreign transaction fees and other perks such as LATAM Lounge access and seat upgrades. Miles can then be redeemed for LATAM flights on over 133 routes to 20 countries, with LATAM’s partner Delta and other airlines worldwide.
In Tuesday’s announcment, LATAM Airlines Group’s Chief Commercial Officer, Marty St. George, said,
“As the largest airline group in South America, LATAM is the logical solution for travel anywhere on our beautiful continent. Whether you are visiting the beaches of Brazil, the wonders of Machu Picchu, or the natural beauty of Patagonia, LATAM is your best choice. And with the new LATAM credit card, customers can earn miles towards award flights and more.”
Also commenting on the new co-branded credit card partnership, Cardless’ Co-Founder and President, Michael Spelfogel, said,
“We're seeing record high numbers for travel this year and it’s no surprise people want generous travel benefits with their credit cards. Through our collaboration with LATAM Airlines, we’re excited to launch two separate credit card products, giving travelers access to the perks and rewards most relevant to their travel lifestyle.”
In addition to bespoke benefits, Cardless credit cards offer a number of digital features, both in terms of security and easy access. Customers can apply for a card using their smartphone, and once approved, the virtual card can be delivered to their mobile wallet in seconds. For added security, the physical card will not carry a card number, and if the digital-only number becomes compromised, users will be able to request a new number immediately through the Cardless mobile app.
LATAM Airlines Group S.A. is the leading airline Group in Latin America, offering service in five domestic markets (Brazil, Chile, Colombia, Ecuador and Peru) as well as international service within Latin America and to Europe, Oceania, the United States and the Caribbean. The Group operates a fleet of Boeing 767, 777, and 787s, as well as Airbus A319, A320, A320neo, A321 aircraft. LATAM Cargo Chile, LATAM Cargo Colombia and LATAM Cargo Brazil are the LATAM Airlines freight subsidiaries. In addition to passenger aircraft belly hold cargo capacity, the Group operates a fleet of 13 dedicated freighters, which will be expanded to 21 freighters by 2023. LATAM Airlines Group’s shares are traded on the Santiago de Chile stock exchange and its ADRs are traded on the over-the-counter markets in the U.S.
Source: LATAM