CHESTER, England, June 24, 2011 /PRNewswire/ --
Leading online travel and leisure retailer, lastminute.com is announcing the launch of a new credit card in the UK market.
The card, launched in partnership with MBNA and MasterCard, offers a competitive rewards programme, earning points on all card purchases, combined with exclusive frequent offers on travel and lifestyle products.
The lastminute.com credit card will offer cardholders zero per cent on all card purchases for nine months from the date the account is opened.
Any card purchases with lastminute.com attract a higher rate of reward points - two points per £1 spent. Elsewhere, card purchases attract one point for every £1 spent. Customers can earn 1,500 lastminute.com points when they spend £250 within the first 90 days of account opening - equivalent to a £15 lastminute.com gift voucher.
In addition to the competitive rewards programme, lastminute.com credit card customers will receive exclusive deals on theatre, restaurants, spas and lifestyle experiences. They can opt to save and redeem their reward points as gift vouchers for these offers and for products available on lastminute.com. Reward points are accrued with every card purchase.
The new card provides zero per cent on both balance transfers and money transfersfor six months from the date the account is opened (as long as they are made within 90 days of the account opening) for a 2.5 per cent handling fee.
The lastminute.com credit card has a representative rate of 18.9 per cent APR variable.
Other benefits include paperless statements and the option to use contactless payments which allows customers to Tap & Go™' with MasterCard® PayPass™ to pay quickly and securely for purchases under £15 without entering a PIN.
Fraser Robinson, commercial managing director at lastminute.com, said: "It's exciting to have teamed up with MBNA and MasterCard to introduce the lastminute.com credit card to the UK allowing customers to earn privileges and points. As both a travel and lifestyle brand, it makes sense for lastminute.com to provide customers with great rewards to help them make the most of their free time."
The lastminute.com credit card is issued by MBNA Europe Bank Limited, a Bank of America company.
Rajiv Gupta, director of Affinity Partnerships for MBNA, said: "This is a product that will benefit a range of customers and we're delighted to have partnered with lastminute.com. With privileges and points on offer for a range of activities and experiences available on the website, there really is something for everyone to take advantage of."
Hany Fam, president of MasterCard UK and Ireland, said: "We're delighted to be partnering with lastminute.com to provide consumers with the most rewarding way to pay for the things that matter to them, by enabling them to convert their everyday spending into special experiences."
Notes to Editors
lastminute.com is the UK's leading online travel and leisure retailer, with over 1.65 million visitors per week. It provides customers with the best ways to make their free time go even further. Whether planning a great night out, an amazing weekend away or a relaxing two-weeks somewhere far away from home, lastminute.com has it all - and at great prices.
lastminute.com offers customers the opportunity to book flights and hotels, buy tickets and experience packages and make restaurant reservations through its one-stop shop. From adventuring in the mountains to relaxing beach breaks, spa stays, theatre trips and dining, there really is something for everyone.
Get all the latest lastminute.com news at the *NEW* press room. Visit http://pr.lastminute.com/
About MBNA Europe Bank
MBNA Europe is a wholly owned subsidiary of Bank of America Corporation (NYSE: BAC) and is the recognised leader in affinity marketing. For more information, visit the company's website at http://www.mbna.co.uk or Bank of America's website at http://www.bankofamerica.com.
Editor and supplementary notes:
The information contained in MBNA Europe's press releases is intended solely for journalists and should not be used by consumers to make financial decisions. Any consumer interested in finding out more about any of MBNA Europe's products should visit http://www.mbna.co.uk for full terms and conditions.
SOURCE MBNA Europe Bank Ltd & lastminute.com