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For ten years, JetBlue and American Express have been partners on the airline’s co-branded credit cards. But a new report claims that this longterm relationship may be coming to an end with JetBlue and that it’s already picked out a new partner.
by Chris Morran via Consumerist
For ten years, JetBlue and American Express have been partners on the airline’s co-branded credit cards. But a new report claims that this longterm relationship may be coming to an end with JetBlue and that it’s already picked out a new partner.
This is according to Bloomberg, which cites the always reliable “people with knowledge of the matter” who claim that JetBlue has reached a deal with Barclays Plc and MasterCard Inc. to take over its co-branded card business.
If true, it could be a substantial loss for AmEx, as it will lose both the $40 annual fees from the airline cards along with the interest on all the retail purchases cardholders make to earn travel rewards.
AmEx has already confirmed that it’s long exclusive relationship with Costco is ending in 13 months; news that sent the card company’s stock downward. It is not commenting on the Bloomberg report and neither are the airline, MasterCard or Barclays.
by Chris Morran via Consumerist
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