5 Things to Know About the LATAM Credit Card
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South American carrier LATAM Airlines, in partnership with financial technology company Cardless, offers two co-branded credit cards: the LATAM Airlines Mastercard and LATAM Airlines World Elite Mastercard. Both cards are issued by First Electronic Bank.
For loyal LATAM flyers, the cards earn LATAM Pass Miles on purchases and include other benefits, especially if you opt for the version that charges an annual fee.
Here are five things to know about the LATAM credit cards.
1. There are two LATAM credit cards
The LATAM Airlines World Elite Mastercard has an annual fee, but offers significantly more extras compared to its no-annual-fee counterpart, the LATAM Airlines Mastercard. Here’s how the cards compare (as of this writing):
LATAM Airlines World Elite Mastercard | LATAM Airlines Mastercard | |
|---|---|---|
Annual fee | $99. | $0. |
Sign-up bonus | Earn 40,000 LATAM Pass Miles after spending $2,500 in the first three months. | Earn 15,000 LATAM Pass Miles after spending $1,000 in the first three months. |
Earnings rates |
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Other perks |
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2. Get a faster path to status
A percentage of your mile earnings will qualify toward LATAM Pass Elite status. With the LATAM Airlines Mastercard, it’s 10% of your earnings. The LATAM Airlines World Elite Mastercard accelerates your path to status with 20% of your earnings qualifying.
LATAM Pass Elite status benefits include premium seat selection, early boarding, seat upgrades and more.
3. Enjoy elevated perks with one of the cards
In exchange for a $99 annual fee, the LATAM Airlines World Elite Mastercard has more to offer:
Two passes per year to LATAM Airlines’ VIP airport lounges.
Two courtesy segments per year where you can apply for cabin upgrades. One courtesy segment is for flights within South America, and the other is for flights outside of South America.
4. You won’t pay late fees
The cards charge neither late fees nor a penalty APR, so accidentally missing your due date by a few days won’t cost you. However, don’t miss out on making your payment entirely. Lenders will report late payments to credit bureaus as soon as 30 days after the due date, and this can affect your credit scores.
5. Earn and redeem miles through associated airlines
LATAM isn’t part of any of the major airline alliances, but you can earn and redeem LATAM Pass Miles when traveling on one of LATAM’s associated airlines, which includes Delta Air Lines, Alaska Airlines and a number of air carriers outside of the U.S., such as AeroMexico, Lufthansa, British Airways, Qantas and Iberia. You can earn, but not redeem, miles on Virgin Atlantic flights.
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