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Industry News

New Visa card allows consumers to earn miles while they spend

By Pivotal Payments

02/07/2010 - Now when retailers accept Visa cards, they could be helping consumers earn miles and rewards.

U.S. Bank and LAN Airlines have announced that they will be partnering to introducd the LANPASS Visa Credit Card. The card will reward users with miles for travel to more than 70 destinations in South America.

For every dollar card users spend, they will receive one LANPASS mile. However, the first time holders use the card they will earn 20,000 bonus miles. The number of miles card users can earn is limitless.

"We worked with LAN to create the new LANPASS Visa Card as a way to enhance the LANPASS loyalty program and give LAN customers even more opportunities for travel rewards," said John Owens, senior vice president of U.S. Bank Retail Payment Solutions.

Visa recently reported that cardholder spending increased to about US$566 million in the first quarter of the year, a sharp increase over the same period last year.

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