Chase and Air Canada will partner to make Chase the exclusive issuer of the airline’s Aeroplan US credit card. As part of the partnership, Mastercard will become the exclusive payments network for the new offering in the US.

The announcement comes one month after Air Canada launched its transformed Aeroplan loyalty programme. The airline says it offers increased flexibility, unparalleled access to Air Canada, and flight rewards with over 35 partner airlines.

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“We are delighted to partner with Chase and Mastercard to relaunch our US co-brand credit card. Chase’s many strengths, including digital innovation, customer service excellence and a world-class brand, will help us deliver a best-in-class product for US-based Aeroplan members,” says Mark Nasr, Vice President, Loyalty and eCommerce, Air Canada.

“The strength of the newly transformed Aeroplan programme combined with this partnership will drive significant growth and engagement. And it focuses on the over two million US residents with strong ties on both sides of the border.”

“We are thrilled to be partnering with Air Canada, a company we greatly admire, on a new credit card for US consumers,” says Ed Olebe, President of Chase Co-Brand Cards. “We look forward to jointly offering innovative perks and flexible rewards delivered as part of the transformed Aeroplan loyalty programme.”

Aeroplan becomes transfer partner in Ultimate Rewards programme

“Mastercard, Air Canada, and Chase share the same commitment to putting the cardholder at the center – providing meaningful experiences that support everyday spending and passion points,” says Linda Kirkpatrick, President, US Issuers at Mastercard.

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“We look forward to working with these terrific partners to deliver a compelling value proposition that resonates with cardholders.”

Aeroplan will also become a transfer partner in Chase’s Ultimate Rewards programme, starting in late 2021.

The new Aeroplan Credit Card from Chase is expected to launch in late 2021.