CHESTER, England, February 18, 2014 /PRNewswire/ --
Award-winning British airline and leading UK-based lender pen five year partnership extension
Virgin Atlantic and MBNA have signed a new five year UK credit card partnership and have enhanced their leading Virgin Atlantic Black Credit Card Account for eligible new customers.
(Photo: http://photos.prnewswire.com/prnh/20140218/671159 )
The signing of a new bilateral agreement takes the successful partnership between the two British-based firms to the end of 2018.
"We've had a strong and successful partnership with Virgin Atlantic since 2006, so we're absolutely delighted to be continuing this relationship into 2018," said Michael Donald, Marketing and Commercial executive for MBNA. "This is a great example of a 21st century win-win commercial deal, harnessing the power of four great brands - Virgin Atlantic, MBNA, American Express® and Visa. Virgin Atlantic has a worldwide reputation for service excellence, which is an ethos shared by MBNA, and we want to support that as we continue to develop new products, and enhance our existing range of services with the Virgin Atlantic brand."
"When considering the right partner for the UK credit card programme, MBNA was the obvious choice, as it is the UK's recognised leader in doing so," Alan Lias, head of Loyalty and Ancillary Revenue Development at Virgin Atlantic, added. "Together, we have an excellent track record of delivering great products for our customers, and we want that to continue for many years to come. Throughout the next five years, we have a shared commitment to deliver new and exciting products and services that continue to fly in the face of ordinary!"
Developed for Virgin Atlantic customers, members and frequent flyers, the Virgin Atlantic White Credit Card Account and the Virgin Atlantic Black Credit Card Account allow new customers the choice between a standard no-annual-fee card and an elite version with fee. Both cards are available to apply for now at http://www.virgin-atlantic.com/gb/en/flying-club/credit-card.html
It has never been a better time to join Virgin Atlantic's credit card scheme with fabulous joining offers currently available. On joining, members will receive one American Express-branded credit card and one Visa credit card, enabling frequent flyers and eligible new customers to boost the earning power of their spending by building Flying Club miles on a single account, with one statement, one PIN and one credit limit.
The Virgin Atlantic Black Credit Card Account
The Virgin Atlantic Black Credit Card Account comes with an annual fee of £140 and now offers new customers successfully applying by Monday, 31 March 2014 up to 25,000 bonus miles (18,500 on their first card purchase with either card and a further 6,500 bonus miles if they spend a total of £2,000 across the two cards - both within 90 days of opening the account by 31 March). Twenty five thousand miles allows customers to upgrade their next Economy flight to Upper Class or enjoy three return trips with Virgin Atlantic Little Red.
With the American Express-branded card, accepted at millions of locations worldwide, new customers can earn two Flying Club miles for every £1 they spend on every day card purchases, or four Flying Club miles for every £1 they spend direct with Virgin Atlantic and via telephone with Virgin Holidays. Customers can upgrade from Economy to Premium Economy when spending £5,000 on the card in a year (maximum two upgrades per year, terms apply) and a Companion reward flight when spending £7,500 on the card in a year and buying a qualifying full fare flight (taxes and charges apply, terms apply).
With their Visa card, with unsurpassed acceptance across the world, new customers can earn one Flying Club mile for every £2 they spend on every day card purchases, or two Flying Club miles for every £1 they spend direct with Virgin Atlantic and via telephone with Virgin Holidays.
The account offers zero percent on balance transfers for up to six months from the date the account is opened (2 percent handling fee applies).
Representative example 18.9% p.a. variable on card purchases. Equivalent to 52.1% APR representative variable based on a credit limit of £1200. Annual fee of £140 is payable.
The Virgin Atlantic White Credit Card Account
The Virgin Atlantic White Credit Card Account comes with no annual fee and offers new customers successfully applying by Monday, 31 March 2014 up to 10,000 bonus miles (3,000 on their first card purchase with either card and a further 7,000 bonus miles if they spend a total of £1,000 across the two cards - both within 90 days of opening the account by 31 March). Ten thousand miles allows customers to upgrade from Economy to Premium Economy.
With their American Express card, accepted at millions of locations worldwide, new customers can earn one Flying Club mile for every £1 they spend on every day card purchases, or two Flying Club miles for every £1 they spend direct with Virgin Atlantic and via telephone with Virgin Holidays. Customers can upgrade from Economy to Premium Economy when spending £10,000 on the card in a year (maximum two upgrades per year, terms apply) and a Companion reward flight when spending £15,000 on the card in a year and buying a qualifying full-fare flight (taxes and charges apply, terms apply).
With their Visa card, with unsurpassed acceptance across the world, new customers can earn one Flying Club mile for every £2 they spend on every day card purchases, or two Flying Club miles for every £1 they spend direct with Virgin Atlantic and via telephone with Virgin Holidays.
The account offers zero percent on balance transfers for up to six months from the date the account is opened (2 percent handling fee applies).
Representative example 17.9% p.a. variable on card purchases. Equivalent to 17.9% APR representative variable based on a credit limit of £1200.
Picture Caption (left to right): Alan Lias, head of Loyalty and Ancillary Revenue Development at Virgin Atlantic (left) and Michael Donald, Marketing and Commercial executive for MBNA join Virgin Atlantic cabin crew to celebrate the launch of the new partnership.
About Virgin Atlantic:
Virgin Atlantic was founded by entrepreneur Sir Richard Branson almost 30 years ago after he decided the UK aviation industry needed shaking up. On 22 June 1984, Virgin Atlantic's inaugural flight to Newark took place, on an aircraft filled with personal friends, celebrities and the media.
Today, Virgin Atlantic flies to 36 destinations worldwide, including locations across North America, the Caribbean, Africa and the Far East. Some of its most recent additions to its flying network include Cancun, Vancouver, Edinburgh, Aberdeen and Manchester.
About MBNA Limited:
MBNA Limited is a wholly owned subsidiary of Bank of America Corporation (NYSE: BAC). For more information, visit the company's website at http://www.mbna.co.uk.
Editor and supplementary notes:
The information contained in this press release is intended solely for journalists and should not be used by consumers to make financial decisions. Any consumer interested in learning more about any of this product should visit http://www.mbna.co.uk for full terms and conditions.
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