While the financial services firm faces some mounting challenges — including the end of its
exclusive credit card partnership with Costco in Canada and a slipping grip on the world's wealthiest clients — Grosfield also has a more local task: transitioning 2,000 employees from Amex Canada's former office in Markham, Ont., to an ultra-modern new space in North York.
«Each airline or credit card provider will determine what the value proposition or benefits are for their own card, but flight rewards can indeed be advantageous in an airline
credit card partnership since the airline is in control of its own costs and the credit card it is subsidizing,» said Caroline Papadatos, senior vice president of global solutions for LoyaltyOne.
However, this will no longer be the case as Hilton has just announced that it will enter into an
exclusive credit card partnership with American Express come January 1, 2018.
It allows for that caveat in its new loyalty program by aligning it with its
new credit card partnership that lets fliers earn points to redeem as monetary credit toward vacations throughout the year.
It has
credit card partnerships with the likes of the NFL, Travelocity and Choice Hotels International, and ranks among the top five credit card companies in customer satisfaction.
Though the deal is new for Chase, Flying Blue is not new to
credit card partnerships.
In addition, this means that if your favorite airline doesn't offer
a credit card partnership, you can just obtain a credit card from one of their partner airlines and enjoy similar benefits on both airlines.
Many popular brands have
credit card partnerships that allow you to transfer your points to your frequent flyer or hotel loyalty account.
American Airlines and Alaska Airlines both have
credit card partnerships you can utilize to earn more miles as well.
Except towards the end of 2014, people started to whisper that JetBlue was talking to other banks about taking over
their credit card partnership.
American Airlines has
a credit card partnership with both Citi and Barclaycard.
American Express and Delta said they have agreed to «a multi-year extension» of their 18 - year - old co-branded
credit card partnership.
J.P. Morgan Chase and United appear to be working to change up some things related to their co-brand
credit card partnership.
CREDIT CARDS: «Both of
our credit card partnerships will continue to run as is for the foreseeable future,» said Kozik.
Many popular brands have
credit card partnerships that allow you to transfer your points to your frequent flyer or hotel loyalty account.
«For over 15 years, Citi and Hilton enjoyed a terrific co-brand
credit card partnership, however during negotiations it became clear that terms of exclusivity, given the relatively small size of the portfolio, were not economically viable,» Jud Linville, CEO of Citigroup's global cards business, said in a phone interview.