Australia-based budget airline Jetstar has signed a deal with Macquarie Bank to launch a credit card, a spokesperson for the Australia-based card issuer tells CardLine Global. The MasterCard-branded card will have a 10.99% annual interest rate, an AU$49 (US$45 or 30 euros) annual fee and a 55-day interest-free period. The card will offer reward points good toward tickets. Consumers will pay no fee when using the card to book flights online, unlike other cardholders."The two things that do set this deal apart are the low-ish rate and the accrual value of points," Matthew Sinclair, executive director of Carpadium Consulting, an Australia-based research firm, tells CardLine Global. "These are both well ahead of most of the mainstream cards in this market, and they would appear on the surface at least to tie in with the Jetstar brand." The "lurking story in all of this is the usurious fees and charges that some of the airlines are whacking onto ticket bookings, and perhaps the Jetstar card will draw some attention away from that in the short term," he adds.

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