WILMINGTON, Del. & AUSTIN, Texas–(BUSINESS WIRE)–Mercury Financial LLC (formerly CreditShop LLC), the leading non-bank credit card company in the United States, and SpiritÂ® Airlines (NYSE: SAVE), announced today the launch of a co-branded credit card. The Free SpiritÂ® Points MastercardÂ® will complement the carrierâ€™s new Free SpiritÂ® loyalty program. This partnership highlights Mercury Financialâ€™s expansion into the co-branded credit card space for the near-prime segment.
The Free SpiritÂ® Points MastercardÂ® offers robust rewards and benefits to a previously untapped audience of Spirit Airlines, which serves markets throughout the United States, the Caribbean and Latin America. The Free SpiritÂ® Points MastercardÂ® comes with an introductory offer of 10,000 bonus points once minimum transaction requirements are met, and will reward cardmembers with:
Plus, cardmembers will enjoy many travel benefits, such as:
â€śThrough the strength of our partnership, we are able to make premium credit card products accessible to a large, previously underserved audience of travelers. This card serves as an example of Mercury Financialâ€™s commitment to helping cardmembers manage credit wisely and enjoy great rewards and benefits,â€ť explains Matt Tomko, Revenue Officer at Mercury Financial.
The new Free SpiritÂ® loyalty program is the fastest way to earn rewards*. Itâ€™s built around points instead of miles, and offers double the points on options like bags and the Big Front SeatÂ®, all of which add up even faster with Free SpiritÂ® Points MastercardÂ®.
â€śAt Spirit, we are focused on giving our Guests the best experiences faster than ever,â€ť says Sid Krishna, Head of Loyalty and Co-Brand at Spirit Airlines. â€śLaunching the Free SpiritÂ® Points MastercardÂ® gives more of our Guests the opportunity to unlock the new Free SpiritÂ® loyalty programâ€™s full value.â€ť
The new Free SpiritÂ® MastercardÂ® comes with benefits and features that make earning rewards even faster and easier, along with special touches like the new Yellow Glove Concierge Service to make every flight even more enjoyable.
* Based on points earned on published fares (excluding sale fares) and optional services using the Free Spirit Credit Card (the â€śCardâ€ť), and includes status qualifying points earned by spending on Spirit and everyday purchases using the Card (where applicable).
About Mercury Financial
Mercury Financial (the â€śCompanyâ€ť) is the largest non-bank credit card company in the United States, and is led by CEO James Peterson, and a seasoned management team with decades of experience at major banks. Mercury Financialsâ€™ purpose driven mission is to help our customers manage their credit responsibly, so they can enjoy the benefits of having better credit and better lives. Mercury Financial provides fair and transparent credit card offerings that target consumers through direct mail, digital affiliates, email origination channels and co-branded partnerships. To date, the Company has extended $2.5 billion in credit lines and helped nearly a million customers with a credit card that earns rewards, carries no monthly fee for issuance or availability, and has an affordable APR.
Mercury Financial has created a data and tech-centric credit card origination and servicing platform uniquely positioned to identify and attract the near-prime consumer segment to fast-track new account growth. The Company has recently originated well over two hundred thousand new accounts utilizing this sophisticated servicing platform. With offices in Wilmington, Delaware and Austin, Texas, the Mercury Financial team is committed to offering simple and easy to understand credit cards with the tools and flexibility that provide premium value to its customers.
VĂ¤rde Partners, a leading global alternative investment firm with deep experience in consumer finance, is the largest investor in Mercury Financial. VĂ¤rde Partners manages over $14 billion on behalf of a global investor base.
The Mercury MastercardÂ® and the Free SpiritÂ® Points MastercardÂ® are issued by First Bank & Trust, Brookings, SD pursuant to a license by MastercardÂ® International Incorporated.
Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.
About Spirit Airlines
Spirit Airlines (NYSE: SAVE) is committed to delivering the best value in the sky. We are the leader in providing customizable travel options starting with an unbundled fare. This allows our Guests to pay only for the options they choose â€” like bags, seat assignments and refreshments â€” something we call Ă€ La Smarte. We make it possible for our Guests to venture further and discover more than ever before. Our Fit FleetÂ® is one of the youngest and most fuel-efficient in the U.S. We serve destinations throughout the U.S., Latin America, and the Caribbean, and are dedicated to giving back and improving those communities. Come save with us at spirit.com.