Chase, Air Canada & Mastercard partner to relaunch Aeroplan U.S. credit card

By Pavithra R

Chase, the U.S. consumer and commercial banking business of JPMorgan Chase & Co., and Air Canada, Canada’s largest airline and a Star Alliance founding member, has announced a strategic partnership, making Chase the exclusive issuer of the airline’s Aeroplan U.S. credit card. As part of the collaboration, Mastercard will become the exclusive payments network for the new offering in the U.S.

The announcement follows the recent launch of transformed Aeroplan loyalty program by Air Canada which brings more value, increased flexibility, unparalleled access to Air Canada, and flight rewards with over 35 partner airlines.

“We are delighted to partner with Chase and Mastercard to relaunch our U.S. co-brand credit card. Chase’s many strengths, including digital innovation, customer service excellence and a world-class brand, will help us deliver a best-in-class product for US-based Aeroplan members. The strength of the newly transformed Aeroplan program combined with this partnership will drive significant growth and engagement—focusing on the over two million U.S. residents with strong ties on both sides of the border,” said Mark Nasr, Vice President, Loyalty and eCommerce, Air Canada.

“We are thrilled to be partnering with Air Canada, a company we greatly admire, on a new credit card for U.S. consumers. We look forward to jointly offering innovative perks and flexible rewards delivered as part of the transformed Aeroplan loyalty program,” said Ed Olebe, President of Chase Co-Brand Cards.

The new Aeroplan Credit Card from Chase is expected to launch in late 2021. Aeroplan will also become a transfer partner in Chase’s Ultimate Rewards program, starting in late 2021.

“Mastercard, Air Canada, and Chase share the same commitment to putting the cardholder at the center – providing meaningful experiences that support everyday spending and passion points. We look forward to working with these terrific partners to deliver a compelling value proposition that resonates with cardholders,” said Linda Kirkpatrick, President, U.S. Issuers at Mastercard.

Chase is a leading global financial services firm with assets of $3.2 T and operations worldwide. It serves nearly half of America’s households with a broad range of financial services, including personal banking, auto financing, credit cards, mortgages, investment advice, small business loans, and payment processing.