Cathay, Synchrony and Mastercard recently announced the launch of the new Cathay World Elite Mastercard, a card specifically for U.S. residents.

Chris Vanden Hooven, senior vice president, Americas, Cathay, said, “Cathay has been dedicated to providing premium travel experiences to U.S. travelers since our founding in 1946, when American Roy C. Farrell co-established the airline with a vision to connect Asia with the world. In that spirit, we’re excited to continue our partnership with Synchrony and Mastercard to enhance travel benefits for U.S. customers. The new Cathay World Elite Mastercard was specifically designed to meet the needs of frequent leisure and business travelers residing in the U.S., offering meaningful benefits that enhance their travel experience while providing substantial benefits when traveling and shopping with Cathay.”

The new credit card delivers significant savings on Cathay Pacific flights, as well as a head start to unlock higher status in the Cathay membership program and a welcome offer of 38,000 Asia Miles after a qualifying spend, with an annual fee of $99.

The premium travel benefits of the new card include:

• Exclusive flight discounts include a limited-time offer of up to 15 percent off Economy Flex, Essential and Light fares; and up to 10 percent off business and premium economy fares when departing from the United States.
• Cardholders earn 10 Status Points per $5,000 spent per month, up to 100 Status Points total annually.
• Primary cardholders and companions receive premium-economy check-in privileges. Cardholders also receive access to premium-economy boarding lanes on Cathay Pacific flights.
• Primary cardholders can redeem Asia Miles for entry to Cathay Pacific business-class lounges around the world.
• Cardholders enjoy a 10 percent discount on hotel, car rental and experience redemptions, plus 10 percent savings on Asia Miles Gift Miles & Mileage Transfers.

“Mastercard is thrilled to partner with Cathay to bring cardholders closer to their passion for travel with the Cathay World Elite Mastercard,” said John Levitsky, co-president, United States, Mastercard. “Together we are creating a secure and innovative payment solution with valuable benefits that enrich the cardholder experience, whether at home or exploring the world.”

Earn Asia Miles on everyday purchases, including three times miles per $1 spent on eligible travel purchases from Cathay Pacific and HK Express, two times miles per $1 spent on dining and eligible dining delivery services, and one times miles per $1 spent on all other purchases where Mastercard is accepted.

“At Synchrony, we’re committed to creating financial products that align with our partners’ brands while delivering genuine value to cardholders. The Cathay World Elite Mastercard exemplifies this approach, offering benefits that will resonate strongly with travelers,” commented David Parkes, SVP of Cobrand, Synchrony.