Jetstar moves into credit cards market with new low rate card

2 November 2009

Leading low cost airline Jetstar has announced the launch of a new low rate credit card in the company's first move outside the airline industry as it begins to expand its product focus.

The new Jetstar MasterCard is being launched with Macquarie Bank as the card's issuer and is currently the lowest rate credit card available on the Australian market that also offers such a high level of flight rewards and travel voucher opportunities.

The Jetstar MasterCard boasts that cardholders can save up to $500 on Jetstar flights with their exclusive offer that sees cardholders receive one cent in Jetstar dollars for every actual dollar spent using the credit card. What's more, when a cardholder has accured 100 Jetstar Dollars, they will automatically receive a $100 Jetstar Flight Voucher through their email, taking the hassle out of receiving reward points and travel vouchers. Conditions include a time restriction for travelling dates and availability.

As the travel rewards is one of the key features of the Jetstar MasterCard, the card is also in operation with the Qantas Frequent Flyer business with Qantas Frequent Flyer points soon to be available as a reward option for account holders within the new year. Qantas is owner of the Jetstar brand and company.

Other notable features of the Jetstar MasterCard include:

10.99 per cent p.a. with a Jetstar MasterCard on everyday purchases
no interest for 6 months for any balance transfers
$49 annual fee
up to 55 days interest free

"We aim to do for credit cards what Jetstar did for low fares airline travel in Australia when we launched back in 2004 - to present consumers a choice with real benefits and with a low every day rate of 10.99 per cent," Jetstar chief executive Bruce Buchanan stated.

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