The LATAM Visa Card has an introductory offer of: 15,000 Multiplus bonus points when charging your card for the first time. The value of these points will be worth about $225. However, there is an $45 annual fee charge, but the bonus will be able to cover the cards expenses for about 5 years. This fee will be waived in your first year, so this would actually cover your card for about 6 years.
This LATAM Visa card was made for customers who often fly with LATAM, but this card is a little under the standards when it comes to their earning potential and benefits for their airlines. They will offer you an unlimited flat rate of 1x points for all expenses, a 2,000 point bonus each year when your membership has been renewed, and 10% discount each year for your first LATAM Airlines purchase (up to $500).
If you want a better credit card option then you should consider looking into the LATAM Visa Signature Credit Card.
LATAM Visa Card Quick Facts
Bonus Available | Receive 15,000 bonus points after making your first purchase on your card. |
Bonus Value | $225 |
Travel Credit | No travel credit |
Ongoing Rewards/Benefits | Earn 1 point for each $1 used on qualifying expenses.
Gain 2,000 bonus points each year after having your membership renewed. Get one 10% discount each year on your first LATAM Airlines purchase (up to $500). |
Foreign Transaction Fees? | 2% in USD, 3% in foreign currencies. |
Airport Lounge Access | None |
Annual Fee | $45, waived your first year. |
Recommended Free Credit Score (Get Free Score)
690 – 850 (Good – Excellent)
*LATAM Visa card is issued by U.S. Bank. Compare this card to their credit card bonuses.*
Pros
- Bonus points
- Anniversary bonus
- LATAM discount
- Partner airlines
Cons
- Annual fee
- Good-Excellent credit needed to qualify
- Low earning potential
- Complicated rewards
- Foreign transaction fees
Editor’s Alternate Pick
The Southwest Rapid Rewards® Premier Credit Card offers 50,000 bonus points after spending $1,000 on purchases in the first 3 months from account opening. In addition, you'll earn 6,000 bonus points after your Cardmember anniversary each year. You'll earn: • Earn 3X points on Southwest purchases. • Earn 2X points on local transit and commuting, including rideshare. • Earn 2X points on internet, cable, phone services, and select streaming. You're able to redeem your points for flights, hotel stays, gift cards, access to events and more. This card does carry a $99 annual fee, but there are no foreign transaction fee. |
LATAM Visa Card 15,000 Bonus Points Offer
Make use of the LATAM Visa card’s introductory offer of: 15,000 bonus Multiplus Points. The evaluation for these points will be worth about $225 (more on that below).
You must charge your card for the first time to be able to qualify for this bonus points offer. There will not be any spending or time limitations placed on this card.
What are LATAM Miltiplus Points Worth?
Compared to other airline-branded credit cards, depending on how you choose to use your points will reflect their value. With the research conducted using different varieties of bookings, we saw a huge range of values that went from $0.002 to $0.09 for every point. Typically, the average of every Multiplus point will be worth about $0.015. In other words, this means that 15k points will be worth about $225.
Depending on how you book your trips like: destination, distance, time, flight class, etc will make your points differ each time. When you fly to different locations in Argentina for example will usually have a lower price in USD, this means your points have a lower value. For cash, the price increases for international flying and for cabin upgrades over economy. In this scenario, your points will be worth much more.
Your Multiplus points can be used towards:
- Award flights with LATAM Airlines or a partner airline (more on that below)
- Cabin upgrades
- Hotel stays
- Car rentals
To receive the best value for your points, it would be best to redeem your Multiplus points for flying with LATAM Airlines or one of their qualifying airline partners. LATAM is apart of oneworld airline aliance, this means you’ll be able to redeem your Multiplus points towards award flights for oneworld member airlines such as:
Oneworld Alliance Airlines
American Airlines | British Airways | Cathay Pacific |
Finnair | Iberia | Japan Airlines |
Latam | Malaysia Airlines | Qantas |
Qatar | Royal Jordanian | S7 Airlines |
SriLankan Airlines | Fiji Airways (oneworld connect) | Royal Air Maroc (future member) |
LATAM also has 2 non-alliance partners: Aeromexico and Alaska Airlines.
LATAM Visa Card Top Features
Receive 2,000 bonus points each year when your membership has been renewed. You will be able to view the bonus that has been rewards to you in your account within 6 to 8 weeks after paying your annual fee.
Gain a 10% discount each calendar year for making your first LATAM Airlines purchase. It will immediately show up on your statement as “LATAM Airlines Discount.”
You’ll be able to receive a max of $500 each year for a discount.
Bottom Line
If you fly with LATAM often, then you should consider getting this visa card and sign up for the LATAM Visa Signature Credit Card option. This will include an additional annual fee of $30, but it is worth the money for their additional benefits you’ll be able to receive.
(Visit LATAM for more information)
What’s the Competition?
There are some of LATAM Visa credit card’s top competitors listed below.
The Chase Sapphire Preferred® Card offers 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 when you redeem through Chase TravelSM. You'll earn: • 5x on travel purchased through Chase TravelSM • 3x on dining, select streaming services and online groceries • 2x on all other travel purchases • 1x on all other purchases • $50 Annual Chase Travel Hotel Credit Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase TravelSM This card carries a $95 annual fee. |
The Capital One VentureOne Rewards Card offers 20,000 miles once you spend $500 on purchases within 3 months from account opening, equal to $200 in travel. Enjoy 0% intro APR on purchases and balance transfers for 15 months; 19.99% - 29.99% variable APR after that; 3% fee on the amounts transferred within the first 15 months. You'll earn: • 1.25 Miles per dollar on every purchase, every day. • 5 Miles per dollar on hotels and rental cars booked through Capital One Travel. This card comes with no annual fees and no foreign transaction fees which is a great choice as your go-to travel card! |
The United Explorer Card offers 50,000 bonus miles after you spend $3,000 on purchases in the first 3 months your account is open. You'll earn: • Earn 2 miles per $1 spent on dining, hotel stays, and United purchases • Earn 2 miles per $1 spent on dining including eligible delivery services Perks of this card include: • Getting up to $100 Global Entry, TSA PreCheck or NEXUS fee credit • Get your first bag checked for free (up to $140 savings per roundtrip). Terms apply. • Enjoy priority boarding privileges and visit the United Club with 2 one-time passes each year for your anniversary • 25% back as a statement credit on purchases of food, beverages and Wi-Fi on board United-operated flights and on Club premium drinks • Get one-year complimentary DashPass, a membership for both DoorDash and Caviar that provides unlimited deliveries with $0 delivery fees and lower service fees on eligible orders. After that, you are automatically enrolled in DashPass at the current monthly rate. Activate by 12/31/24. This card does come with a $95 annual fee, however, the annual fee is waived for the first year. |
The Delta SkyMiles® Gold American Express Card offers 40,000 Bonus Miles after you spend $2,000 in purchases on your new Card in your first 6 months of Card Membership. Delta SkyMiles Gold American Express Card Members get 15% off when using miles to book Award Travel on Delta flights through delta.com and the Fly Delta app. Discount not applicable to partner-operated flights or to taxes and fees. You'll earn: • 2X Miles on Delta purchases, at U.S. Supermarkets and at restaurants worldwide, including takeout and delivery in the U.S. • 1X Miles on all other eligible purchases. • $100 Delta Stays Credit: Delta SkyMiles Gold American Express Card Members can earn up to $100 back annually on eligible prepaid Delta Stays bookings on delta.com. • $200 Delta Flight Credit: After you spend $10,000 in purchases in a year, you can receive a $200 Delta Flight Credit to use toward future travel. Receive a 20% savings in the form of a statement credit on eligible Delta in-flight purchases after using your Card. Want even more flexibility? Take up to $50 off the cost of your flight for every 5,000 miles you redeem with Pay with Miles when you book on delta.com. You can check your first bag free on Delta flights, saving up to $60 on a round-trip Delta flight per person. For a family of four that's a potential savings of up to $240 per round-trip flight. Receive Main Cabin 1 Priority Boarding on Delta flights; board early, stow your carry-on bag and settle in sooner. There is a $150 annual fee ($0 introductory annual fee for the first year, then $150) and no foreign transaction fees. (See Rates & Fees). Now, you'll get get more savings with your first checked bag for free on Delta flights. Terms Apply. |
The American Express® Gold Card offers 60,000 Membership Rewards® points after you spend $6,000 on eligible purchases with your new Card within the first 6 months. Terms apply. You'll earn: • 4X Membership Rewards Points at Restaurants, plus takeout and delivery in the U.S., • 4X Membership Rewards points at U.S. supermarkets (on up to $25,000 per calendar year in purchases, then 1X). • 3X Membership Rewards points on flights booked directly with airlines or on amextravel.com. $120 Dining Credit: Satisfy your cravings and earn up to $10 in statement credits monthly when you pay with the American Express Gold Card at Grubhub, The Cheesecake Factory, Goldbelly, Wine.com, Milk Bar and select Shake Shack locations. Enrollment required. This card has an annual fee of $250 with no foreign transaction fees (See Rates & Fees). Terms Apply. |