AmEx Loses Continental Partnership - Other News

ADVERTISING DISCLOSURE

ADVERTISING DISCLOSURE:
Credit-Land.com is an independent, advertising-supported web site. Credit-Land.com receives compensation from most credit card issuers whose offers appear on our site. Compensation from our advertising partners impacts how and where their products appear on our site, including, for example, the order in which they may appear within review lists. Credit-Land.com has not reviewed all available credit card offers in the marketplace.

Credit Card Applications » News » Other » AmEx Loses Continental Partnership

AmEx Loses Continental Partnership

AmEx Loses Continental Partnership
The content is accurate at the time of publication and is subject to change.

In a series of gains, American Express has at least one big loss to put under its belt. That is, its reward program with the airline Continental will be coming to its end as of Sept. 30. This has been a year in the making now, so it should not come as a big shock to customers.

Credit card holders will, come that date, no longer be allowed to use their American Express for putting points on their Continental OnePass frequent flier accounts. Why? Because JP Morgan Chase has bought out the rights for its own card carrying public to redeem points, thereby forcing their major competitor out of the picture somewhat entirely.

The former CEO of Continental Airlines, meanwhile, is shaking his head at the decision on both parties, American Express and Continental itself.

“It was a decision they had to make. We’re going to see the results and, you know, they saved a lot of money by not bidding more, but they’re going to lose a lot of people,” said Gordon Bethune, former CEO, to CNBC.

He went on to stress that frequent flier programs in the past have often roused loyalty among the public. “It’s the upgrade. It’s getting your bag first. It’s not sitting in the middle seat,” he explained as to why exactly customers are so drawn to this vein of programs.

American Express customers will still be eligible for frequent flier mile programs at several other airlines, including Delta.

“Despite our best efforts, we were unable to reach an agreement with Continental to continue these benefits beyond September 30, 2011,” said Lynne Biggar, a senior vice president at American Express. This press release came out in September 2010.

Customers should act fast: they have until the end of the month to bank on the AmEx-Continental rewards program. If they don’t, their points will be proved null and void.

Disclaimer: This editorial content is not provided or commissioned by the credit card issuer(s). Opinions expressed here are the author's alone, not those of the credit card issuer(s), and have not been reviewed, approved or otherwise endorsed by the credit card issuer(s). Reasonable efforts are made to present accurate information, however all information is presented without warranty. Consult a card's issuing bank for the terms & conditions.
All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.
Add to Favorites:

Related News:

Get 100,000 Bonus Points with the Radisson Rewards Premier Visa Signature

Posted: December 14, 2018

If you have been thinking about getting the Radisson Rewards Premier Visa Signature credit card, now might be the time to take another look because it now comes with 100,000 bonus points. This is a limited time offer, which is in play from ... Continue reading
Minor League Baseball and Allegiant Airlines Partner Up

Posted: December 13, 2018

Allegiant Airline and Minor League Baseball have inked a deal paving the way for a credit card partnership, one giving fans a credit card that reflects their fandom in terms of rewards whether they are traveling or catching a game. When ... Continue reading
Capital One Partners Up With Airlines

Posted: December 12, 2018

Capital One has partnered up with 14 airlines so that Venture and Spark cardholders can now use miles to pay for their flights. What is the transfer ratio? All of the carriers that have partnered up with Capital One, except for Emirates ... Continue reading
Get the latest news, articles and expert advice delivered to your inbox. It's FREE.
Earn 5% cash back at different places each quarter like gas stations, grocery stores, restaurants, Amazon.com and more up to the quarterly maximum, each time you activate.
For Excellent, Good Credit
INTRO OFFER: Discover will match ALL the Miles you've earned at the end of your first year, automatically. For example, if you earn 30,000 Miles, you get 60,000 Miles. That's $600 towards travel!
For Excellent, Good Credit
Earn 2% cash back on purchases: 1% when you buy plus 1% as you pay
For Excellent, Good Credit
You've successfully subscribed!

Please specify the following:All these fields are optional

Your Credit History
Themes you are interested in:

By providing this information you help us make our news letters more useful and informative. Thank you!