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Two weeks ago, we reported that Avianca was making a comeback to the US co-branded credit card market. While Avianca had announced many of the benefits of the new card, several key details, such as annual fees, and more importantly which bank would be issuing the card, where not disclosed. If you were interested in the card you had to signup with your email address to be kept updated about when it would be available.
Avianca has finally emailed people who have registered an interest with a few more snippets of information about the new card.
The new card will have an annual fee of $149, the company has not said whether—like a lot of other cards—the fee will be waived for the first year or not.
There is another piece of information that only the eagle-eyed reader would have spotted in the email. That is the bank that will be issuing the card. It is not clear whether Avianca planned to release this information at this time or if it was just an accident.
Reading through the email—including the legal information at the bottom, it seems the card will be offered by Popular Credit Services, the credit card arm of Banco Popular, based in Puerto Rico.
Following the links in the email, it appears the application page for the card is currently live, and the email provides users with the bonus code AVSPWE, that they should use during their application to benefit from the 40,000 miles signup bonus. Card Application Landing Page.
Another advantage of the card is that card members who spend $12,000 on the card in a year, will be eligible for a 50% discount on a round-trip award ticket; hence, a ticket to Central America would cost 18,000 LifeMiles, or one to Colombia would come in at 20,000 miles. The only drawback is that the awards are restricted to economy-class tickets only.
- A 40,000 Bonus LifeMiles after first use
- 3 LifeMiles for every dollar spent on Avianca products and services
- 2 LifeMiles for every dollar spent at grocery stores and gas stations
- 1 LifeMiles for every dollar spent
- Traveling to Central America or Colombia, there are two 50% discounts on award tickets after $12K and $24K respectively
- No foreign transaction fees, which is very useful for regular travelers
- Extra piece of luggage for travelers between Central America and the United States
As a member of Star Alliance with a great award chart, 40,000 LifeMiles is an awesome bonus in a program that doesn't charge any fuel/carrier-imposed surcharges on its award tickets.
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