New AY Visa Credit card with Aktia
Mar 23, 2024, 3:59 pm
#751
Join Date: Jun 2020
Programs: AY Platinum
Posts: 47
I did know that airlines sold those points to companies like credit card providers, hotels, rental companies, ... but what I don't get is what Aktia is getting out of this?
I have once seen a docu, not sure anymore which airline it was, but the company that handled the loyalty program was basically doing better than the airline itself. I think it was Delta.
Aktia refused my application last week despite I have Finnish bank account and ID, but no personal income here, only my company does and I didn't put myself on the payroll.
I have once seen a docu, not sure anymore which airline it was, but the company that handled the loyalty program was basically doing better than the airline itself. I think it was Delta.
Aktia refused my application last week despite I have Finnish bank account and ID, but no personal income here, only my company does and I didn't put myself on the payroll.
Mar 24, 2024, 12:13 am
#752
Ambassador: Finnair
Join Date: May 2003
Location: HEL
Programs: AY Lumo, BA Silver, HHonors Gold
Posts: 4,270
Aktia gets many customers = card holders for they Visa than they would have without the AY co-op and they make more money on merchant fees when those cards are being used.
Mar 24, 2024, 12:47 am
#753
Join Date: Jul 2010
Location: HEL
Programs: AY Platinum (OWE), SK G(*G), BW Diamond
Posts: 810
Mar 24, 2024, 3:07 am
#754
Join Date: Jan 2011
Location: Europe
Posts: 1,503
And they also get bunch of prospects for other bank services, i.e. know exactly financials of the card customers and can try to poach them to private banking etc. Too bad loan market in Finland cannibalized itself with close to zero margins as they can not really offer anything for person with significant mortgage on small margin. All the private banking services are bit pointless if one needs go pay substantially more on loans and Aktia can not convince them managing assets so much better to cover for the difference. Naturally today the small difference in margin is not so relevant when euribor is again normal but thenagain, some margins are just something they are not even able to match anymore
Apr 3, 2024, 7:38 am
#755
Join Date: Sep 2005
Location: HEL
Programs: AY Platinum, TK Elite, BT VIP, AA, BA, SK, DL, NT, WB + hotels
Posts: 8,757
Would anyone know how long it takes for an authorization (katevaraus) to disappear?
I purchased an upgrade on Brussels Airlines on 20MAR. It ended up with an error the first time, but the second attempt went through. I saw two authorizations, one of which turned into a charge the next day. The other authorization is still there after two weeks.
I purchased an upgrade on Brussels Airlines on 20MAR. It ended up with an error the first time, but the second attempt went through. I saw two authorizations, one of which turned into a charge the next day. The other authorization is still there after two weeks.
Apr 3, 2024, 9:51 am
#756
FlyerTalk Evangelist
Join Date: Jan 2008
Location: HEL
Programs: lots of shiny metal cards
Posts: 14,107
Would anyone know how long it takes for an authorization (katevaraus) to disappear?
I purchased an upgrade on Brussels Airlines on 20MAR. It ended up with an error the first time, but the second attempt went through. I saw two authorizations, one of which turned into a charge the next day. The other authorization is still there after two weeks.
I purchased an upgrade on Brussels Airlines on 20MAR. It ended up with an error the first time, but the second attempt went through. I saw two authorizations, one of which turned into a charge the next day. The other authorization is still there after two weeks.
Apr 3, 2024, 3:24 pm
#757
Join Date: Sep 2005
Location: HEL
Programs: AY Platinum, TK Elite, BT VIP, AA, BA, SK, DL, NT, WB + hotels
Posts: 8,757
Apr 19, 2024, 12:58 pm
#758
Join Date: Apr 2017
Location: C2
Posts: 651
Is it just me having problems with the Aktia card?
Touch payment without pin code stopped working this week. Every single payment have needed pin code this week.
Something wrong with my card? Can't really be that since it obviously works. I'm just forced to enter PIN after touching.
Touch payment without pin code stopped working this week. Every single payment have needed pin code this week.
Something wrong with my card? Can't really be that since it obviously works. I'm just forced to enter PIN after touching.
Apr 19, 2024, 1:36 pm
#759
Join Date: Feb 2001
Location: HEL
Programs: AY Plat Lumo, SK Gold
Posts: 954
Is it just me having problems with the Aktia card?
Touch payment without pin code stopped working this week. Every single payment have needed pin code this week.
Something wrong with my card? Can't really be that since it obviously works. I'm just forced to enter PIN after touching.
Touch payment without pin code stopped working this week. Every single payment have needed pin code this week.
Something wrong with my card? Can't really be that since it obviously works. I'm just forced to enter PIN after touching.
Apr 22, 2024, 11:50 am
#763
Join Date: Jun 2015
Programs: AY+, SK EB
Posts: 2,962