LATAM Airlines, in collaboration with Cardless, offers two co-branded credit cards: the LATAM Airlines Mastercard and LATAM Airlines World Elite Mastercard, both issued by First Electronic Bank. These cards are tailored for loyal LATAM flyers, allowing them to earn LATAM Pass Miles on purchases and enjoy various benefits, especially with the annual fee option.
Here are five essential things to know about the LATAM credit cards:
1. Two Types of LATAM Credit Cards:
The LATAM Airlines World Elite Mastercard requires an annual fee but provides more perks compared to the no-annual-fee LATAM Airlines Mastercard. Here’s a comparison of the two cards:
– Earn 40,000 LATAM Pass Miles after spending $2,500 in the first three months with the World Elite Mastercard, and 15,000 miles with the Mastercard.
– Earn 4 LATAM Pass Miles per $1 spent on LATAM Airlines with the World Elite Mastercard, and 3 miles with the Mastercard.
– Enjoy benefits like LATAM Courtesy Segments, lounge passes, and elite status qualification acceleration with the World Elite Mastercard.
2. Fast Track to Status:
The LATAM Airlines World Elite Mastercard accelerates your path to LATAM Pass Elite status by allowing 20% of your mile earnings to qualify, while the Mastercard offers 10% qualification.
3. Enhanced Perks with World Elite Mastercard:
For a $99 annual fee, the World Elite Mastercard offers additional benefits, including VIP lounge passes and courtesy segments for cabin upgrades.
4. No Late Fees:
Both cards do not charge late fees or penalty APR, but it’s essential to make timely payments to avoid negative impacts on your credit score.
5. Earn and Redeem Miles with Associated Airlines:
Although LATAM is not part of major airline alliances, you can earn and redeem LATAM Pass Miles when flying with associated airlines like Delta Air Lines, Alaska Airlines, AeroMexico, and more.
Overall, the LATAM credit cards offer a range of benefits for frequent LATAM flyers, making them a valuable addition to your travel rewards arsenal.