OREANDA-NEWS. June 02, 2011. Raiffeisenbank is launching a new co-branded credit card: Austrian Airlines — Raiffeisenbank MasterCard World Black Edition. The card will be offered as part of the Premium bundle, reported the press-centre of Raiffeisenbank.

Holders of the Austrian Airlines — Raiffeisenbank MasterCard World Black Edition will be able to accumulate bonus miles as they pay with the card. These miles can be turned into bonus flights for the holders, their family and friends with Austrian or other airlines participating in Miles&More (Lufthanza, Swiss International Air Lines, Lot Polish Airlines, Brussels Airlines); they can also upgrade their in-flight service and choose products and services from the Miles&More catalogue.

In addition, the customers will be given a free Priority Pass, which enables them to use business lounges in arports across the world, even with an economy class ticket.

For each 30 roubles spent the customer wins 1 mile. The card has a zero annual service fee and a 22% interest rate, with the credit limit of up to RUR 600 thousand.

As a nice bonus, each new card wins its holder a 10% discount on all published tariffs for purchase of Austrian flight tickets starting 1 July, 2011 and up to 30 June, 2012 in the company’s proprietary sales offices in Russia.

Austrian Airlines — Raiffeisenbank MasterCard World Black Edition has all advantages of premium credit cards issued by Raiffeisenbank. The card can be applied for in any branch of the bank as soon as the Premium bundle has been purchased.