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I first heard about Cardless from Zach Honig who left The Points Guy to join the FinTech venture. I follow him on Instagram and he’s always posting great travel content. Cardless is digitally a native, in fact, if you get one of their cards it will first populate your smartphone wallet, and once you do receive a physical card it won’t have a number on it. Zach’s been dropping hints at a cool new product they’re working on and now we know what it is – a partnership with LATAM featuring a cobranded credit card for the US market.
Here’s an overview… if you’re interested -> https://www.cardless.com/latam.
|LATAM Airlines Mastercard||LATAM Airlines World Elite Mastercard|
● Annual Fee: $0
● Sign-up Bonus: 15,000 miles after $1,000 spent in first three months
● LATAM Purchases: 3x
● Restaurants, Ground Transportation: 2x
● Everything Else: 1x
● Qualifying Points: Issued at a rate of 10% of miles earned from card purchases* ● Foreign Transaction Fee: None
● Annual Fee: $99
● Sign-up Bonus: 40,000 miles after $2,500 spent in first three months
● LATAM Purchases: 4x
● Restaurants, Ground Transportation: 3x
● Everything Else: 1x
● Qualifying Points: Issued at a rate of 20% of miles earned from card purchases*
● Upgrade Coupons: 3**
● LATAM Lounge Access: 2 passes per account year
● Foreign Transaction Fee: None
I’m not going to be adding either of these to my wallet immediately, but I would be most interested in the premium version for these 3 reasons
- Sign up Bonus
- 3 upgrade coupons
- LATAM lounge access 2x a year per account
Those 3 upgrade coupons are enough to upgrade 3 short haul flights, or 1 long haul flight that is booked in Plus or Top Economy. These are based on avail, but if you fly LATAM often, that single perk could be enough to easily justify the annual fee.
The legacy gatekeepers are facing an onslaught of digitally native, tech-savvy, loyalty hungry entrepreneurs looking to shake up the space – Bilt, Brex, Cardless to name a few of the companies built on the rails of traditional finance that are changing the game. It doesn’t stop there. There’s another entire ecosystem of digital assets being developed and run across crypto rails that will bring competition to another entire space as well.
I’m a big believer that over the next 10 years, innovations in the payment ecosystem are going to absolutely blow our minds.
Monkey Miles has partnered with CardRatings for our coverage of credit card products. Monkey Miles and CardRatings may receive a commission from card issuers.
A Monkey Miles favorite for beginners and point pros alike – a staple of our wallet that earns Premium transferrable Ultimate Rewards. $95 annual fee
♥ Earn 60k Bonus Points after $4k Spend in 3 months
♥Points are transferrable to over dozen partners, or redeemable for 1.25c in Chase travel
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♥3x on select streaming
♥ 3x points on online grocery purchases (excluding Target, Walmart and wholesale clubs
♥ $50 Annual Credit on hotel stays purchased via Ultimate Rewards. *New cardmembers can get this credit immediately – existing cardmembers get it after anniversary
♥ 10% Anniversary Point Bonus. Spend $10k in a year, get 1k bonus points.