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Financials : Banks | Large Cap ValueCompany profile

Wells Fargo & Company is a bank holding company. The Company is a diversified financial services company. It has three operating segments: Community Banking, Wholesale Banking, and Wealth and Investment Management. The Company offers its services under three categories: personal, small business and commercial. It provides retail, commercial and corporate banking services through banking locations and offices, the Internet and other distribution channels to individuals, businesses and institutions in all 50 states, the District of Columbia and in other countries. It provides other financial services through its subsidiaries engaged in various businesses, including wholesale banking, mortgage banking, consumer finance, equipment leasing, agricultural finance, commercial finance, securities brokerage and investment banking, computer and data processing services, investment advisory services, mortgage-backed securities servicing and venture capital investment.

Price
Delayed
$24.41
Day's Change
0.01 (0.04%)
Bid
--
Ask
--
B/A Size
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Day's High
24.44
Day's Low
24.40
Volume
(Light)

Today's volume of 2,625 shares is on pace to be much lighter than WFC-W's 10-day average volume of 75,691 shares.

2,625

Air France-KLM and Bank of America Announce Air France KLM World Elite Mastercard(R)

9:00 am ET October 16, 2018 (PR Newswire) Print

Today, Air France-KLM and Bank of America launched the new Air France KLM World Elite Mastercard(R) to reward loyal Air France, KLM Royal Dutch Airlines, and SkyTeam members. It is the first and only Air France-KLM co-branded credit card available in North America.

The new card will allow customers to gain Miles and XP (Experience Points), the reward currency for Air France-KLM's Flying Blue Loyalty Program. The launch follows a recent global update to Flying Blue, which commenced in April 2018. The enhanced program enables more flexible spending of Miles and a more simplified, personalized membership level qualification.

"We are excited to launch this new card to reward our loyal customers in the United States. The U.S. is a major market for Air France-KLM with growing demand for our flights and services from 14 American airports to Amsterdam, Paris, and beyond," said Stephane Ormand, vice president and general manager USA at Air France-KLM. "Flyers in the U.S. have many choices. It is our priority to delight and reward our frequent fliers. Especially following the enhancements to our Flying Blue program, this card will allow us to provide customers more flexible, accessible reward tickets and provide services designed to make trips more enjoyable."

The Air France KLM World Elite Mastercard offers the following features:

-- Earn three Miles for every $1 spent on purchases made directly with Air France, KLM Royal Dutch Airlines and SkyTeam member airlines.

-- Earn 1.5 Miles for every $1 spent on all other qualifying purchases.

-- Earn 25,000 bonus Miles after the cardholder makes $1,000 or more in purchases within the first 90 days of their account opening.

-- Earn 60 XP (Experience Points) upon account opening for the Air France KLM World Elite Mastercard(R) (limited to one time per Flying Blue member). 60 XP bring new cardholders 60 percent closer to achieving Silver status.

-- Receive a benefit of 5,000 anniversary Miles after spending at least $50 on purchases within the card anniversary year.

-- Plus, receive 20 XP every year on the account anniversary and the opportunity to earn an additional 40 XP after spending at least $15k on purchases within the card anniversary year (totaling up to 60 XP).

"We're particularly proud to offer the competitive rate of three Miles per dollar spent not only with Air France or KLM but with any of our SkyTeam partners," said Ormand. "Thanks to our partners, this card gives our loyal customers the unique ability to get more benefits when they fly to over 1,000 destinations within the SkyTeam network."

"This partnership will deepen the relationship we have with our Bank of America clients who choose to fly Air France-KLM," said Michael Simpson, co-brand and affinity card executive at Bank of America. "Partnerships like this ensure we are providing loyal clients with card programs that meet their financial needs."

"Customer experience has never been more important for travelers, and Air France KLM has always kept this top priority, delivering a streamlined customer journey from booking to take-off," said Linda Kirkpatrick, EVP Merchants & Acceptance for Mastercard. "We are pleased to partner with them and Bank of America to deliver a cardholder value proposition that reflects this longstanding commitment, with rewards and offerings that meet and exceed their customers' needs."

The Air France KLM World Elite Mastercard is open for applications effective immediately. To apply or receive more information about the card, including rates, fees, costs and benefits associated with the credit card, visit go.bofa.com/AirFranceKLMcard

For more information about Flying Blue Loyalty Program, go to: https://www.flyingblue.us/en

Flying Blue: leading loyalty program

Flying Blue, the Air France-KLM group's loyalty program, has 15 million members and 39 airline partners and more than 100 non-airline partners. The more members travel, the more their loyalty is rewarded. With Flying Blue, customers can access the many services specially designed to make their trip even more enjoyable. At www.airfrance.com and www.klm.com, members can check their account, book tickets directly or request missing Miles to be added to their account. At www.flyingblue.com, customers can access a complete presentation of the Flying Blue program, detailing the benefits of the different Explorer, Silver, Gold and Platinum levels explained through videos and tutorials. They can also check out all the ways to earn or spend Miles and the complete list of all the program's partners' offers in the "Flying Blue Store" section.

Bank of America Bank of America is one of the world's leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 67 million consumer and small business clients with approximately 4,400 retail financial centers, including more than 1,700 lending centers, more than 1,900 Merrill Edge investment centers and more than 1,300 business centers; approximately 16,100 ATMs; and award-winning digital banking with approximately 36 million active users, including 25 million mobile users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 3 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and more than 35 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.

Mastercard Mastercard (NYSE: MA), www.mastercard.com, is a technology company in the global payments industry. Our global payments processing network connects consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. Mastercard products and solutions make everyday commerce activities - such as shopping, traveling, running a business and managing finances - easier, more secure and more efficient for everyone. Follow us on Twitter @MastercardNews, join the discussion on the Beyond the Transaction Blog and subscribe for the latest news on the Engagement Bureau.

Contact: airfranceklm@finnpartners.com

https://c212.net/c/img/favicon.png?sn=NY40802&sd=2018-10-16

View original content:http://www.prnewswire.com/news-releases/air-france-klm-and-bank-of-america-announce-air-france-klm-world-elite-mastercard-300731869.html

SOURCE Air France

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