LATAM, Cardless Co-Branded Credit Cards Take Off

LATAM

LATAM and Cardless Co-Branded Credit Cards Take Off
(PRNewsfoto/Cardless)
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Cardless 
Jun 21, 2022, 10:00 ET

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LATAM, the largest airline group in South America, and Silicon Valley-based credit cards startup Cardless, have partnered to offer two new co-branded rewards credit cards - the no-fee LATAM Airlines Mastercard and the LATAM Airlines World Elite Mastercard.

Created and distributed by Cardless and issued through First Electronic Bank, both cards are available to U.S. consumers, and offer the ability to earn award travel worldwide, Qualifying Points toward LATAM Pass Elite status, no foreign transaction fees, and other perks, including LATAM lounge access and seat upgrades. Miles can be redeemed to take advantage of LATAM group's global connectivity and extensive coverage of South America, with over 133 routes to 20 countries, as well as with LATAM's partner Delta and partner airlines around the world.

LATAM Airlines Mastercard

Annual Fee: $0
Sign-up Bonus: 15,000 miles after $1,000 spent in first three months
LATAM Purchases: 3x
Restaurants, Ground Transportation: 2x
Everything Else: 1x
Qualifying Points: Issued at a rate of 10% of miles earned from card purchases*
Foreign Transaction Fee: None

LATAM Airlines World Elite Mastercard

Annual Fee: $99
Sign-up Bonus: 40,000 miles after $2,500 spent in first three months
LATAM Purchases: 4x
Restaurants, Ground Transportation: 3x
Everything Else: 1x
Qualifying Points: Issued at a rate of 20% of miles earned from card purchases*
Upgrade Coupons: 3**
LATAM Lounge Access: 2 passes per account year
Foreign Transaction Fee: None

In addition to bespoke benefits, Cardless cards offer a number of features designed for digital native consumers, both in terms of security and easy access. New users will easily be able to apply for a Cardless card using their smartphone and, if approved, the virtual card can be delivered to their mobile wallet in seconds. The physical card will carry no card number in order to protect the user from fraud – should the digital-only number become compromised, users will be able to request a new account number through the Cardless mobile app immediately.

LATAM group currently offers travelers the opportunity to earn miles and valuable benefits through LATAM Pass, one of the largest airline loyalty programs in the world, with over 40 million members. In addition, customers will be able to redeem LATAM Pass Miles earned with LATAM Airlines credit cards on all LATAM's partner airlines, including Delta Air Lines.

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