I’ve written previously about USAirways dumping Bank of America in favor of Juniper Bank (over $400 million cash infusion from the new bank certainly helps with that decision). The credit card was supposed to be available January 1, but the website still shows a ‘coming in 2006’ graphic. I’m anxiously awaiting details like annual fee, signup bonus, and elite qualifying miles for reaching a spending threshold, but I do know that it will offer 1.5 miles per dollar spent for the first 12 months of cardmembership and it will give 3 miles per dollar spent with USAirways (industry standard is 2).
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Who gets to issue the USAirways Visa, after all?
Bank of America, which is being replaced by Juniper Bank as issuer of USAirways’ co-branded credit card, is suing the airline for breach of contract. Bank of America claims it has exclusive rights to offer a co-branded card through December 2008. Juniper Bank has been sold the exclusive right after December 2008… but their deal with USAirways involves a two-year “transition period” in which both banks can issue a card.
Juniper Bank to issue Visa for Merged USAirways-America West
When the USAirways-America West merger was first announced in May I noted that a key detail was a planned cash infusion from a credit card partner in the neighborhood of $300 million. It was curious that the partner wasn’t named, while Bank of America was already partner to both airlines. So, despite the Charlotte Observer calling the news “somewhat unexpected”, it shouldn’t be all that surprising that Juniper Bank (which issues Frontier and Airtran cards) will become the issuer of the USAirways card.Taking the place of Charlotte-based Bank of America will be Juniper Bank, a subsidiary of British-based Barclays PLC, which agreed Monday to pour $455 million into the merger between US Airways and America West Airlines. In exchange, Juniper will have the exclusive right to market the US Airways credit card beginning in 2008,…


