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15 October 2007
Butterfield Bank introduces the British Airways Visa Platinum Credit Card

The new British Airways Visa Platinum card from Butterfield Bank.

Butterfield Bank and British Airways today introduced a new premium credit card for Bermudians who like to travel.  The British Airways Visa Platinum card, available exclusively from Butterfield Bank, rewards cardholders with one BA Mile for each dollar spent on the card, two BA Miles for every dollar spent on British Airways purchases, and 3,000 bonus BA Miles upon enrolment.

 

BA Miles can be redeemed on British Airways and partner airlines for travel to over 600 destinations worldwide. Reward flights from Bermuda to North America start at 25,000 BA Miles and flights to Europe start at as few as 50,000 BA Miles. BA Miles can also be used for upgrades on British Airways flights.

 

As an added benefit, cardholders who use their British Airways Visa Platinum card to purchase a qualifying, full fare ticket in Club WorldSM (business class) or World Traveller PlusSM (premium economy) from Bermuda to anywhere British Airways flies, will receive a companion ticket.

 

Announcing the launch of the card, Lloyd Wiggan, Senior Vice President of Retail Banking at Butterfield Bank, said, “For generations, British Airways has provided a vital link between Bermuda and the rest of the world, and for nearly 150 years, Butterfield Bank has been a pioneer in bringing world class products and services to the local market.  We are pleased to be able to join forces to bring another innovative product to Bermuda.”

 

The British Airways Visa Platinum card has a highly competitive annual fee of just $120 and will be available as either a Bermuda or US dollar-based card.  It provides a suite of travel and insurance services that reflect the privileges and prestige associated with a platinum-level Visa product. These include unsurpassed acceptance around the world, over the counter and ATM networks, offering cash access in local currency in more than 170 countries, travel assistance services (providing reliable destination information or pre-trip planning advice), travel accident insurance and auto rental insurance.  In addition, cardholders will be automatically enrolled in a Balance Protection programme at no additional cost.

 

Robin Hayes, Executive Vice President Americas for British Airways, said, “It has been a pleasure working with the team at Butterfield Bank to bring what we expect to be a very popular credit card to Bermuda.  The introduction of the British Airways Visa Platinum card coincides with our 70th anniversary of regularly scheduled air service to Bermuda, and I can’t think of a better way to say ‘thank you’ to our loyal customers than to provide them with a new way to earn valuable BA Miles.”

 

Lorna Atiles, First Vice President Business Development Caribbean Region, Visa Latin America & Caribbean said, “We are pleased to be working with Butterfield Bank to introduce Bermuda’s first Visa Platinum card.  The British Airways Visa Platinum card enhances our presence in an important market for Visa.  It allows us to bring the convenience, security and the experience associated with the most recognised global financial services brand to a whole new set of clients.”

 

Customers may apply for the new British Airways Visa Platinum card at any Butterfield Bank branch.  Applications are also available online at www.butterfieldbank.bm/ba.

 

 

 

Note to Editors

Butterfield Bank is Bermuda’s first and largest independent bank, and a specialist provider of offshore financial services. The Butterfield Bank Group offers a full range of community banking services in
Bermuda, Barbados and the Cayman Islands, encompassing retail and corporate banking and treasury activities. In the wealth management area, the Group provides private banking, asset management and personal trust services from its headquarters in Bermuda and subsidiary offices in The Bahamas, the Cayman Islands, Guernsey, Switzerland and the United Kingdom. The Group provides services to corporate and institutional clients from offices in Bermuda, The Bahamas, Canada, the Cayman Islands and Guernsey, which include investment and pension fund administration, asset management and corporate trust services.  Butterfield Bank is a publicly traded corporation with shares listed on the Bermuda and Cayman Islands stock exchanges. Further details on Butterfield Bank can be obtained from our website at: www.butterfieldbank.com.

 

About British Airways

 

British Airways is one of the world’s largest international passenger airlines with a fleet of 282 aircraft carrying more than 33 million passengers a year to some 216 destinations (including 22 in North America) in 94 countries.

 

The airline has long been regarded as an industry leader, which takes great pride in delivering the highest levels of innovative customer service.  It has invested almost a billion dollars in new products, which have redefined travel for the 21st century.  These include a new Club World, featuring the first fully flat bed for business travelers and World Traveller Plus, a new class of travel for longhaul economy travelers offering a dedicated cabin with wider seats a greater leg room.

 

Recently the airline ordered $8.2 billion of new longhaul aircraft – 12 Airbus A380s and 24 Boeing 787s – to be delivered between 2010 and 2014.

 

British Airways takes its environmental responsibilities seriously and the airline seeks to curb its impact on climate change wherever possible.  The airline has improved fuel efficiency by 28% since 1990 cutting over 60 million tons of carbon dioxide emissions from the atmosphere – over three times the annual carbon emission.  However, there is still more to do and British Airways has set a new target to further improve fuel efficiency by 25% by 2025.

 

About Visa 

 

Visa operates the world’s largest retail electronic payments network providing processing services and payment product platforms.  This includes consumer credit, debit, prepaid and commercial payments, which are offered under the Visa, Visa Electron, Interlink and PLUS brands.  Visa enjoys unsurpassed acceptance around the world and Visa/PLUS is one of the world’s largest global ATM networks, offering cash access in local currency in more than 170 countries. 

 

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