Published on Monday, June 27, 2011

Lastminute launches credit card has launched a credit card in partnership with MBNA and MasterCard.

The card rewards customers on all card purchases and gives them exclusive offers on travel and lifestyle products.

The card offers cardholders 0% for the first 9 months on all purchases and provides 0% on both balance transfers and money transfers for six months, when made within the first 90 days (handling fee applies 1).

The credit card has a representative rate of 18.9% APR variable.

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Undercutting is not for the long-term. Demise of volume players.

The recent insolvency of Low Cost Travel Group, one of the large players in the travel industry had a big impact on the travelers, hotels and all related players from both wholesale & retail arms. There were about 27,000 people on a holiday who had booked through the company comprised of a €200 million wholesale arm and €500 million OTA / retail arm.