Review of Mexicana Airlines Visa Platinum
("Card issued by Bank of America, N.A. (USA)")



The Mexicana Airlines Visa Platinum was last reviewed on 30th July 2005.

Summary - We recommend the Mexicana® Airlines Visa® Platinum to frequent flyer members of Frecuenta Loyalty Program because
  • You can earn double miles when you spend on Mexicana Airlines
  • You can earn unlimted miles
  • You recieve a $99.00 companion ticket every year, which if used, will more than offset the annual fee
  • The annual fee of $45.00 is very reasonable for an airline credit card that lets you earn double miles
  • For those looking to transfer a balance, you get a 1.9% apr for 6 months on both purchases and balance transfers

Let us take a closer look at this credit card.

Reward Formula - The Mexicana Airlines Visa Platinum lets you earn double miles when you spend with Mexicana Airlines. You earn one point for every dollar you spend on other purchase. You can earn unlimited miles. When you enroll in the Frecuenta Loyalty Program, you will get 4,000 miles. You also get one free companion ticket with your first purchase on the card.

Every year, you will get 2,000 anniversary miles. In addition, you will get a $99.00 companion ticket coupon every year. You can earn miles with Mexicana Airlines 15 partners. Mexicana Airlines miles never expire.

Annual Fee and APR - The annual fee is $45.00, which is very reasonable for an airline credit card that lets you earn double miles (most double miles airline credit cards charge about $75.00 to $85.00). You get a 1.9% apr for both purchases and balance transfers for six months. You do not pay a balance transfer during the introductory period. The apr ranges from prime rate plus 6.99% to 10.99% depending on your credit profile. The Mexicana Airlines Visa uses the average daily balance method (including new purchases) to calculate your balance.

Conclusions - Frequent flyers of Mexicana Airlines and members of their Frecuenta Loyalty Program will be pleased with this credit card. Firstly, you can earn double miles. Secondly, you can earn unlimited miles in one calender year. Mexicana Airlines miles do not expire. Thirdly, the annual fee of $45.00 is very reasonable and actually low for an airline card that allows you to earn double miles. The annual fee can be offset if you make use of the $99.00 companion ticket coupon that you will get every year. We highly recommend the Mexicana® Airlines Visa® Platinum.

Positives
  • Earn double miles
  • Earn unlimited miles
  • Reasonable annual fee
  • You get a $99.00 companion ticket certificate every year (which if used, will more than offset the annual fee)
  • Miles do not expire



Mexicana Airlines Visa Platinum
Miles Formula
Signing Bonus 4000 miles after enrollment in Frecuenta Loyalty Program
Miles Accumulation 2 miles for every $1 spent on Mexicana Airlines purchases
1 mile for every $1 spent on purchases
Complimentary Companion Tickets/Coupons Receive a complimentary companion ticket after first purchase which is valid for one year. Thereafter every year, receive a $99.00 companion ticket coupon every year.
Caps on miles Earn unlimited miles
Perks/Notation*
Total Security Protection´┐Ż Package Mini Card
Up to $500,000 in travel accident insurance
Emergency Card and Ticket protection
Free Year End Summary statement
Purchase Guard
Purchase Protection
Auto Rental Insurance
See website for additional benefits
Cost/Fees/Interest rates
(APR) Purchase Intro Rate - 1.9% for six billing cycles. Goto rate is a variable risk based rate between Prime + 6.99% and P + 10.99%
(APR) Cash Advance 21.99% Variable * minimum 19.99% . (P + 15.99%)
Finance Configuration Average Daily Balance (including new purchases)
Annual Fee $45.00
Additional Cardholders $0
Grace Period 20 days (Min)
Minimum Credit Limit $500
Maximum Credit Limit $25,000
Late Payment fee $19.00 - less than $100.00
$29.00 - $100 to $1,000
$39.00 - more than $1,000
Over-the-limit fee $35.00
Cash Advance fee 3% min $10.00
Balance Transfer Fee None



*See website for complete terms and conditions of card usage and application disclosure. *Terms and Conditions

Apply for the Mexicana® Airlines Visa® Platinum

If you already have this credit card, we would appreciate if you can take some time to post your review. Our readers will find them very helpful.




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