Cathay Pacific And Synchrony Financial Launch Co-Branded Visa Credit Card With Exclusive Rewards For U.S. Travelers

SAN FRANCISCO, Calif. and STAMFORD, Conn., Feb. 14, 2017 /PRNewswire/ -- U.S. travelers have a new way to experience exclusive flight benefits and rewards with the launch today of the first Cathay Pacific Visa^® and Visa Signature^® cards issued by Synchrony Bank.

The Cathay Pacific Visa¹ card program offers U.S. customers of Cathay Pacific Airways a wide range of travel perks on flights to all 173 destinations in 42 countries and territories served by the airline, along with the added flexibility of using the card for purchases anywhere Visa credit cards are accepted worldwide. Cathay Pacific flies to Hong Kong and beyond, with more than 100 flights each week from six U.S. cities, including Boston, Chicago, Los Angeles, New York-JFK, Newark Liberty, and San Francisco.

"At Cathay Pacific we're always striving to create a rewarding and meaningful travel experience," said Eric Odone, Vice-President Sales and Marketing, Americas, Cathay Pacific. "The introduction of this credit card with Synchrony Financial is about further enhancing our ethos of 'a life well-travelled.' Being able to anticipate and successfully meet our customers' needs has always been our priority and we firmly believe the features and reward options of this new credit program will enrich the journeys of all who travel with us."

Available online at cathaypacific.com/uscreditcard, qualifying cardholders² can earn up to two Asia Miles per US $1 spent on eligible purchases. Also, consumers can earn 25,000 Asia Miles when they spend $2,500 or more in the first 90 days of opening their account, enough for a one-way upgrade on Cathay Pacific.

"We share Cathay Pacific's passion for superior customer service and rewarding travelers well with greater perks and payment flexibility to enjoy their experience," said Tom Quindlen, Executive Vice President and CEO of Retail Card for Synchrony Financial. "Synchrony Financial is pleased to continue expanding its offerings in the travel sector with a valued partner like Cathay Pacific."

Among the card benefits, cardholders can earn Asia Miles faster as follows:

• 2 Asia Miles per $1 spent on Cathay Pacific purchases made online or in-flight.
• 1.5 Asia Miles per $1 spent on dining in the U.S. and abroad.
• 1.5 Asia Miles per $1 spent on purchases made outside the U.S.
• 1 Asia Mile per $1 spent on all other purchases made in the U.S.

Available redemption offers can be found at Asia Miles and include use on Cathay Pacific, oneworld and partner airlines, as well as access to unique travel packages, multi-destination fares, purchases and services. With 25,000 miles, cardholders can enjoy a one-way upgrade on Cathay Pacific (20,000 Asia Miles to upgrade between Economy - Premium Economy or Premium to Business Class) or one-way Economy Class tickets on specific routes with American Airlines, British Airways and Alaska Airlines. Additionally, bonus miles can be redeemed for a variety of experiences and purchases, including flights, hotels, car rentals, tours, and gift cards for U.S. restaurants and stores.

"Asia Miles is dedicated to our members and always looking for new ways to provide life-rewarding experiences," said Stephen S. Y. Wong, CEO, Asia Miles. "Collaborating with our long-term airline partner Cathay Pacific on the introduction of this credit card allows us to offer U.S. members more opportunities to earn miles through their everyday spending, apart from travelling, which further enhances their reward experiences."

Cardholders also enjoy exclusive benefits, including a complimentary 12-month green membership in Cathay Pacific's Marco Polo Club for new club members, which provides priority check-in, priority boarding and personalized baggage tags.

¹This card is issued by Synchrony Bank pursuant to a license from Visa USA Inc.
²Subject to terms and conditions.

About Cathay Pacific
Cathay Pacific Airways flies daily to Hong Kong and beyond, including over 22 destinations in Mainland China, from six cities in the USA and two in Canada: Boston, Chicago, Los Angeles, New York (JFK), Newark Liberty, San Francisco, Vancouver and Toronto. More information, including current fares and availability, may be found by visiting the airline's website at cathaypacific.com/us, Facebook page at www.facebook.com/cathaypacificus, Twitter @CathayPacificUS or Instagram @CathayPacific. For North American reservations, dial toll-free: 1-888-233-ASIA.

About Synchrony Financial
Synchrony Financial (NYSE: SYF) is one of the nation's premier consumer financial services companies. Our roots in consumer finance trace back to 1932, and today we are the largest provider of private label credit cards in the United States based on purchase volume and receivables.^* We provide a range of credit products through programs we have established with a diverse group of national and regional retailers, local merchants, manufacturers, buying groups, industry associations and healthcare service providers to help generate growth for our partners and offer financial flexibility to our customers. Through our partners' over 350,000 locations across the United States and Canada, and their websites and mobile applications, we offer our customers a variety of credit products to finance the purchase of goods and services. Synchrony Financial offers private label and co-branded Dual Card^™ credit cards, promotional financing and installment lending, loyalty programs and FDIC-insured savings products through Synchrony Bank. More information can be found at www.synchronyfinancial.com, facebook.com/SynchronyFinancial, www.linkedin.com/company/synchrony-financial and twitter.com/SYFNews.

^*Source: The Nilson Report (May 2016, Issue # 1087) – based on 2015 data.

Contact:

Julie Jarratt
Communications Manager, Americas
415.848.2006
[email protected]

or

Synchrony Financial: (855) 791-8007 or [email protected]

SOURCE Cathay Pacific Airways