Posted by William Charles on July 21, 2016
Airline Rewards

Published on July 21st, 2016 | by William Charles

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Synchrony To Issue Cathay Pacific Visa Credit Card In Early 2017

Synchrony Financial & Cathay Pacific have announced that they will be launching a co-branded credit card in the first quarter of 2017. Apart from the launch date, not much information was given apart from the following:

  • Cathay Pacific Airways Visa® credit card will offer rewards and exclusive benefits for U.S. travelers
  • Qualifying cardholders will also have access to special travel packages, multi-destination fares, purchases and services

Synchrony mostly issue store credit cards, (the following information is wrong, Comenity Bank issue the Virgin America card).  they do have one airline co-branded credit card partner currently with Virgin America but that deal will likely end when the Alaska acquisition of Virgin America has been completed. If that card is anything to go by, I wouldn’t expect a very high sign up bonus on this new Cathay Pacific card. Those cards usually have a sign up bonus of 10,000 points ($49 annual fee, not waived first year) or 15,000 points ($149 annual fee, not waived first year), although these offers are sometimes doubled for targeted consumers.

It is possible that the Cathay Pacific card will offer a bigger sign up bonus and better benefits than the Virgin America cards, that will be dependent on the deal Cathay Pacific has struck and how much market share they hope to capture – but I wouldn’t expect a big 50,000 mile bonus. Their co-branded card in Hong Kong isn’t exactly generous either, although that is par for the course.



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ryan
ryan

Doesn’t Comenity have Virgin America?

Jeff
Jeff

It would appear so based on their website.

Takhliq Khan
Takhliq Khan

Virgin America credit card indeed is issued by Comenity.

TJ
TJ

http://www.creditcardcatalog.com/credit-cards-issued-by-ge-capital-retail-bank/

If this list is complete, it appears that they currently have no airline or hotel cards at all. Looking at that list of the ones I recognize, crappy or non-existant signup bonuses but many are decent for ongoing spend especially at that retailer.

Rudy
Rudy

I mean…Citi TYP and Amex MR can both be transferred to Cathay’s reward program Asia Miles. Honestly I see no point to apply for this card at the moment. Let’s see what they can offer.

Jason
Jason

Marco Polo club members already earn miles. How will this card help, let’s wait and see.

NinjaX
NinjaX

BUSINESS WIRE wrote “Synchrony Financial, a premier consumer financial services company with more than 80 years of retail heritage…”

BWAHAHA… yea right… but I guess they did just report Q2 EPS of $0.58 which is $0.04 better than wall street expectation of $0.54. I still think they suck from a consumer credit perspective…

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