Air France-KLM has been looking for a partner in Canada for several months to launch a credit card. Finally, BRIM Financial will issue the future credit card associated with the Flying Blue program in Canada.
The press release is very short and we are waiting for answers from our contacts at Air France KLM.
Here are some guesses of what the future Air France KLM credit card in Canada could look like.
A Mastercard credit card
BRIM currently issues Mastercard credit cards. Therefore, the future Air France-KLM credit card will likely also be a Mastercard credit card.
This will be good news for Costco customers, who should be able to earn Flying Blue miles when they shop at the warehouse.
Earning Flying Blue Miles
If we look at the United States, Air France-KLM launched a credit card with Bank of America not so long ago:
- 3 miles per dollar on purchases with Air France, KLM and SkyTeam partners
- 1.5 miles per dollar on all other purchases
I would tend to say that in Canada, given the market, we would be more at:
- 2 miles per dollar on purchases with Air France, KLM and SkyTeam partners
- 1 mile per dollar on all other purchases
Still looking at the U.S., Air France-KLM offers the following credit card benefits:
- 5,000 bonus miles each year at renewal
- No Foreign Transaction Fee
- 60 XP for the Elite status at card approval
These benefits will likely be reflected in the future Canadian credit card issued by BRIM. I would add the possibility of accessing the Air France lounges in Canada (including the Air France lounge in Montreal-Trudeau).
Air France-KLM has definitely been looking to strengthen its presence in Canada for several years:
- Addition or reinforcement of the network (such as the direct flight between Quebec and Paris or the flight to French Antilles)
- Upgrading of the service with new generation aircraft such as theA350
- Significant improvement of the Air France Lounge in Montreal
- Partnership with American Express Membership Rewards to convert points into Flying Blue Miles
- Regular Promo Rewards targeting Canadian destinations
- Regular Flying Blue Miles purchase promotions
Canada’s Benjamin Smith, Air France-KLM’s talented CEO since 2018 – and former top executive of Air Canada – is likely no stranger to all this.
The arrival of this Air France-KLM credit card will be beneficial in stimulating competition, not only against Air Canada’s Aeroplan credit cards, but also against other credit cards issued by WestJet, British Airways or Cathay Pacific.