Sharp Credit – Credit News – Credit Information
The editorial content
below is based solely on the objective assessment of our writers and is not
driven by advertising dollars. However, we do receive compensation when you
click on links to products from our partners. Learn
more about our advertising policy
The content on this page is accurate as of the posting date. Please review our list of best credit cards, or use our CardMatch tool to find cards matched to your needs.
Air France-KLM and Bank of America have partnered to launch
the airline’s first and only cobranded credit card available in North America:
the Air France KLM World Elite Mastercard®.
Designed with Air France-KLM loyalists in mind, the card offers
a 3-mile bonus on purchases made directly with Air France, KLM Royal Dutch Airlines
and SkyTeam member airlines, plus 1.5 miles per dollar on all other purchases. Additionally,
cardholders earn 25,000 bonus miles when they spend $1,000 in the first 90
Stephane Ormand, vice president and general manager USA at
Air France-KLM, explains
that the card “gives our loyal customers the unique ability to get more
benefits when they fly to over 1,000 destinations within the SkyTeam network.”
Additional card perks include:
- Annual bonus – Get 5,000 miles each year on your
account anniversary when you spend $50 or more within the anniversary year.
- 60 XP bonus – Cardholder receive 60 experience
points – the currency for Air France-KLM’s Flying Blue Loyalty program – upon
- 20 XP annual bonus – Receive 20 experience
points each year on your account anniversary with the chance to earn an extra 40
XP after spending $15,000 within the anniversary year – for a total of 60 XP.
- No foreign transaction fees – You will not pay
additional fees for purchases made outside of the U.S.
|Air France KLM World Elite Mastercard®|
Why use it?
If you frequently fly on Air France, KLM Royal Dutch or a SkyTeam partner airline, you can benefit from the Air France card’s generous rewards rate.
|Estimated Yearly Rewards Value ($15,900 spend)
While the Air France card offers a generous sign-up bonus,
annual bonus and rewards rate, we estimate that each mile is only worth
approximately 1 cent. However, the average consumer who spends $15,900 annually
on food, gas, clothing and general purchases can still squeeze approximately
$400 in rewards value from the card in the first year alone.
Value of first year earnings (based on $15,900 spend)
|(Average yearly spend x rewards rate x rewards value) + (sign-up bonus x rewards value) – annual fee = total first year earnings|
|($15,900 x 1.5 miles x 1 cent) + (25,000 miles x 1 cent) – $89 = $400|
After the first year, cardholders can still come out on top.
We estimate that the average consumer can get $272 worth of value from the Air
France card each year – more than enough to cover the card’s annual fee.
If you’re concerned that you may not fly Air France-KLM
enough to get enough value from the Air France card, no need to worry. The
SkyTeam partner alliance encompasses 20 airlines, including Delta Airlines –
giving you plenty of options to earn the 3-mile bonus rate.
SkyTeam includes the following airlines:
Air France, Aeroflot, Aerolineas
Argentinas, Aeromexico, Air Europa, Alitalia, China Airlines, China Eastern,
China Southern, Czech Airlines, Delta Airlines, Garuda Indonesia, Kenya
Airways, KLM, Korean Air, Middle East Airlines, Saudi Arabian Airlines, TAROM,
Vietnam Airlines and Xiamen Air
That said, if you frequently fly Delta Airlines, you may be
better off applying for a Delta-branded credit card that offers a higher yearly
rewards value and lower annual fee, such as the Blue Delta SkyMiles Credit Card
from American Express or the Gold Delta SkyMiles® Credit Card from American
See how the three cards compare:
Air France KLM World Elite Mastercard
Blue Delta SkyMiles Credit Card from American Express
Gold Delta SkyMiles® Credit Card from American Express
|Annual fee||$89||$0||$0 first year, then $95|
|Estimated earnings in first year ($15,900 spend)||$272||$356||$381|
As you can see, the Blue Delta SkyMiles card gives
cardholders $356 in yearly rewards value and does not charge an annual fee. The
Gold Delta SkyMiles card, on the other hand, offers $381 in annual rewards
value and waives the $95 annual fee the first year.
See related: Earn 30,000 bonus miles with AmEx Delta SkyMiles cards, Delta SkyMiles guide: The best ways to earn and use SkyMiles, AmEx launches Blue Delta SkyMiles card with no annual fee
Three most recent Products stories:
- Best ways to redeem United miles – Get a full overview on good and bad options for redeeming United miles, including Saver and Everyday Awards, travel, merchandise and more …
- United Airlines partners – See a list of United Airlines partners for opportunities to earn and redeem United miles and use your elite status benefits …
- United Airlines elite status benefits – Our guide to elite status on United Airlines gives an overview of the benefits and ways to earn status, plus tips to earn status faster …