Credit/Debit Cards, News

Virgin Atlantic, Bank of America launch Virgin Atlantic World Elite MasterCard

250px-Bank_of_America.svgVirgin Atlantic and Bank of America announced on Thursday the long-term renewal of their partnership and the launch of the Virgin Atlantic World Elite MasterCard credit card.

“The new credit card program allows us to give our customers an extraordinary experience, both on the ground and in the air,” said Chris Rossi, Senior Vice President, Virgin Atlantic North America. “Joining forces with Bank of America and MasterCard ensures our international travelers can use their credit cards easily – whether they’re in London, our other worldwide destinations or their own neighborhoods.”

The credit card offers cardholders three miles rewards for every $1 spent on Virgin Atlantic purchases, and 1.5 miles for all other purchases. Cardholders can redeem miles for upgrades, flights and partner flights.

“Bank of America is proud to continue its long partnership with Virgin Atlantic,” Jeff Norwine, the affinity banking executive at Bank of America, said. “We recognize Virgin Atlantic’s need to deliver an outstanding value proposition to Flying Club members, and this new World Elite MasterCard program will allow travelers to journey farther and enjoy more of what the world has to offer along the way.”

Additionally, cardholders can earn up to 40,000 bonus miles in the first year, including 20,000 after the first purchase, 15,000 in annual bonus miles after each anniversary, up to 5,000 bonus miles for adding additional cardholders to an existing account and tier points intended to help cardholders achieve or maintain Flying Club Silver or Gold status.

“Travelers have told us that acceptance matters,” Craig Vosburg, the group executive of U.S. market development at MasterCard, said. “This understanding of core traveler needs – combined with MasterCard’s global acceptance footprint – serves as the foundation for a strong value proposition for Virgin Atlantic flyers. Through this program, consumers can build on this core benefit to take advantage of the access, perks and experiences that they look for every day.”

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