Gulf Air and Standard Chartered Bank in Bahrain Launch First co-branded 2 in 1 Credit Card in Bahrain and the Middle East
Monday, 03 December 2012
Gulf Air CEO Mr. Samer Majali (left) with Mr. Hassan Amin Jarrar, CEO for Standard Chartered Bank (right).

Manama, Bahrain, Gulf Air, Bahrain’s national carrier and Standard Chartered Bank in Bahrain today announced a first in the Kingdom and the Middle East -the launch of a suite of co-branded credit cards tailored specifically to offer exceptional value to the country’s community of frequent flyers.

Available in three premium variants–Blue, Silver and Gold – the Standard Chartered Frequent Flyer Credit Cards allow customers to convert their everyday banking transactions, including account deposits, into flight rewards, while enjoying an array of exclusive privileges and world class services from both Gulf Air and Standard Chartered Bank.

The Standard Chartered Frequent Flyer Credit Cards offer an earning rate of between 2 and 6 Falcon flyer miles for every BD 3 spent, depending on the card variant and destination. Additionally, customers can instantly earn between 1200 to 2400 miles on activation and renewal of the card itself.

A critical strategic partner in this is Visa, the leading global payments technology company – which is used by Standard Chartered Bank in Bahrain to issue all its cards using the Visa platform.

Mr. Samer Majali, chief executive officer for Gulf Air commented, “Gulf Air is delighted to strengthen the relationship with Standard CharteredBank in Bahrain through the launch of the co-branded credit card. With a combined operatinghistory of close to 200 years the synergies between both organizations as well as their contributions to the Kingdom are innumerable. Focused on the local market, the new credit card reinforces both organizations’ commitment to developing products and services specifically for the Kingdom.  Harnessing the advantages of Gulf Air’s service and extensive network and Standard Chartered’s financial knowledge and expertise, customers now have access to an innovativeproduct that will reward them with benefits at both home and when travelling abroad.”

Mr. Hassan Amin Jarrar, chief executive officer for Standard Chartered Bank in Bahrain said, “Standard Chartered Bahrain is proud to partner with Bahrain’s national Carrier, Gulf Air. As the first bank in Bahrain with more than 90 years in operation,we have demonstrated our commitment and continue to strengthen and grow our business in the Kingdom.  Standard Chartered Bank is here for its customers and our product capability and service excellence will continue to be key differentiators."

"We will continue to bring best-in-class products and solutions to our customers to support our vision of becoming the leading international bank in the region. We already have a highly talented and diverse team of people, and a culture that combines performance excellence with a strong set of shared values."

The Standard CharteredFrequent Flyer Credit Cards will be available under an introductory offer of up to 12,000 Falconflyer Miles for the first 1,000 customers.

Mr. Karim Makhlouf, chief commercial officer for Gulf Air said,” Gulf Air strives to offer passengers and Frequentflyers innovative programs and incentives to build loyalty. In today’s modern fast-paced internet economy consumers are constantly looking for ways to streamline their lifestyle and functional needs whilst at the same time add value. The Standard CharteredFrequent Flyer Credit Cards do exactly this; from now on consumers can enjoy the functionality benefits of one card serving two purposes.”

Sai Narain CDK, head of consumer banking at Standard Chartered Bank in Bahrain said, “We are confident that with the Standard CharteredFrequent Flyer partnership we have created a suite of a la carte credit cards offering existing Gulf Air Falconflyer members and new customers an attractive value proposition. Our successful partnership with Gulf Air is a result of our strong on-the-ground presence in the Kingdom as well as the collaborative efforts of both teams. We strongly believe that the Standard Chartered Frequent Flyer Credit Card is unique and truly rewarding to everyone who enrolls into the program.”

Marcello Baricordi, general manager – UAE & Global Clients, Visa Middle East, said: “We are delighted to work in partnership with Standard Chartered Bank and Gulf Air to launch the co-branded credit card. Through this collaboration, we will be able to offer customers a loyalty credit card which will provide real value to our customers’ travel experiences. This is the latest in a series of initiatives aimed at making overseas travel easier than ever and is part of Visa's ongoing commitment to a growing community of frequent flyers to explore the world with confidence with their Visa credit cards.”

The cards are with security features against fraud with embedded microchip technology, are emblazoned with traditional Bahraini arabesque design.

The Standard Chartered Frequent Flyer Credit Cards are available from all Standard Chartered branches in Bahrain.

The Standard Chartered Frequent Flyer Credit Cards, depending on the card variant, offer the following attractive benefits to card members:
•    Power of One – A single card combining your banking and frequent flyer relationships
•    Total Relationship Rewards – Earn Miles on all Banking Relationships
•    Up to 20% Discount on Gulf Air flights, all year round
•    Complimentary access to Gulf Air’s Falcon Gold lounges in Bahrain, London and Dubai and other lounges
•    Upgrades
•    Up to 20 kilograms of excess baggage, personalized luggage tags, confirmed seats and dedicated check-in
•    Complimentary Bahrain Airport transfers 
•    Up to 2400Miles on Card Activation