Jetstar to fly high with own credit card
(29 October 2009 – Australia) Jetstar has launched a low-rate credit card after years of negotiations that ended up in a partnership with Macquarie bank.
The 10.99 percent Jetstar MasterCard is a first for the low-cost carrier and users can accrue ‘Jetstar Dollars’ that can be used to buy flights across the airline’s network.
The airline claims that for every one dollar spent, people will earn one Jetstar cent spent on the regular card and two cents on a platinum card; allowing people to earn trips up to 20 times faster than some of its competitors.
When purchasing Jetstar flights the credit card fees will be waived. Cardholders will be automatically issued with vouchers once they accrue 100 Jetstar Dollars and must book within three months of the issue date and travel within six.
They can also pay for tickets with a mixture of vouchers and cash and request vouchers in $25 increments.
The card combines a 10.99 per cent interest rate with a 55-day interest-free period and a $49 annual fee.
Bruce Buchanan, chief executive officer, of Jetstar said that he believed the airline had managed to combine an attractive rewards offering with a cheaper card.
Mr Buchanan highlighted that the airline didn't want to put its brand on something that didn't really change the dynamics of what was in the marketplace.
The Jetstar brand is really about affordability and accessibility and the airline really wanted to push hard to give as much value as it can back to the consumer, Mr Buchanan added.
The airline claims that for every one dollar spent, people will earn one Jetstar cent spent on the regular card and two cents on a platinum card; allowing people to earn trips up to 20 times faster than some of its competitors.
When purchasing Jetstar flights the credit card fees will be waived. Cardholders will be automatically issued with vouchers once they accrue 100 Jetstar Dollars and must book within three months of the issue date and travel within six.
They can also pay for tickets with a mixture of vouchers and cash and request vouchers in $25 increments.
The card combines a 10.99 per cent interest rate with a 55-day interest-free period and a $49 annual fee.
Bruce Buchanan, chief executive officer, of Jetstar said that he believed the airline had managed to combine an attractive rewards offering with a cheaper card.
Mr Buchanan highlighted that the airline didn't want to put its brand on something that didn't really change the dynamics of what was in the marketplace.
The Jetstar brand is really about affordability and accessibility and the airline really wanted to push hard to give as much value as it can back to the consumer, Mr Buchanan added.
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