Nedbank customers can now earn South African Airways (SAA) with every swipe of their cheque card. This is a shift away from the traditional rewards model which offered co-branded credit cards to customers to allow them to earn air miles based on their credit spend.
Mike Brown, Nedbank CEO and Vuyani Jarana, CEO: SAA
The cheque cards means customers can increase the miles they earn and the benefits without the need to increase their credit spend or acquire additional credit cards.
The programme over the past 12 months, has seen 12,000 miles accrued and 9,000 miles redeemed every minute, validating the trading magnitude of the Voyager programme. Apart from the exclusive customer value proposition (CVPs) for the credit and cheque card holders, cardholders benefit from the reward-gain and upfront value benefits of 68 travel and retail partners of the Voyager programme.
"While most of our programme members prefer using their miles for flights, Voyager Miles can be exchanged for a wide variety of travel rewards, including stays at selected accommodation partners, car hire, exotic cruises, duty-free shopping, online gifting, and even health spa experiences,” SAA CEO Vuyani Jarana said.
There has been a the steady growth in uptake and usage of SAA Voyager credit cards as evidence of the immense success of this partnership. Since the launch of the programme in 2006, more than 90,000 South Africans have acquired one of the SAA Voyager credit cards available through Nedbank and to date, these cards have been used to pay for almost 80-million national and international transactions worth nearly R90bn of qualifying spend.
"The SAA Voyager cheque card is the response to growing consumer demand for a transactional card that allows them to earn SAA Voyager Miles without the requirement to qualify for credit," says Mike Brown, CEO of Nedbank.
There are also enhancements for SAA Voyager credit card holders, which include:
Earning an additional 15,000 bonus miles per calendar year by spending R300,000 or more;
an additional Global Companion Ticket for SAA Voyager Premium credit card holders when meeting required spend thresholds;
20% discount on superior travel top-up insurance for SAA flights;
Always-on SAA flight discounts of up to 13%; and
Special promotional flight discounts for cardholders, of up to 40% on SAA-operated flights.
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