NEW YORK—A new airline credit card has officially arrived at the gate.
After months of rumors and a teaser campaign, Chase has unveiled its new Chase Aeroplan World Elite Mastercard Credit Card, the issuer’s first-ever card tied exclusively to Air Canada, CNN reported.
Named after the airline’s frequent flyer program, Aeroplan, the card replaces the carrier’s previous U.S. credit card, which was issued by TD Bank and discontinued in 2020.
“Airlines have made an effort in recent years to broaden the bonus categories on their credit cards, and the Chase Aeroplan card is no exception,” CNN reported. “The new Chase Aeroplan card, with an annual fee of $95, has a number of unique features that could make it attractive even to U.S. consumers who don’t typically find themselves visiting our neighbor to the north. This includes access to Chase’s Pay Yourself Back tool starting in early 2022, allowing card holders to redeem Air Canada points for flights on virtually any airline, as well as hotel rooms and car rentals, at a rate of 1.25 cents per point, up to 50,000 points per year.”