Every business likes to reward its frequent customers and this goes well with the airlines too. Almost every major airline in India has tied up with credit card issuers and they are offering exciting reward programs. The whole idea is to maintain brand loyalty and get more customers. With e-commerce and online bookings booming, this arrangement provides a win-win situation. The airlines and credit card companies get more business and the traveler is rewarded for using the card and being loyal to the airline. Here we analyze few such offers among leading airlines and credit card providers and discover what each one of them has to offer.
American Express, one of the largest players in the international credit card market has a tie-up with Indian Airlines (now called Indian) offering the Indian Airlines American Express Credit Card, which has a great rewards program. This credit card offers a discount of 15 percent on economy class tickets on Indian Airlines, while the business class tickets earn a discount of 10 percent. In addition to regular tickets, the easy fare tickets and super saver fares also earn a 5 percent discount. The Indian Airlines American Express Credit Card offers one free upgrade voucher to Business Class in the first year and one more each year on renewal. If you charge Rs.75,000 on your credit card towards Indian Airlines tickets, American Express rewards you with a complimentary Economy Class return ticket (subject to terms). This ticket can be redeemed on all Indian Airlines sectors including the international ones.
The regular purchases made on this credit card can also be transferred to the flying returns account as add on mileage points (AOMPs). This can help a lot in getting those free flights when you are just short by a few miles. This credit card gives 5 reward points for every Rs.100 of regular purchases charged on the card. This credit card brings a host of other useful rewards like extra-baggage allowance, priority confirmations and other special privileges from Indian Airlines.
The Indian Airlines American Express Credit Card charges an interest rate of 3.5 percent per month. This credit card has an annual fee of Rs. 5900, which is inclusive of one supplementary Card. However, American Express will waive 50 percent of this fees for next year if the credit cad holder charges more than Rs.1,50,000 on his credit card during the year and a full waiver in case the annual spend is more than Rs.2,50,000.