As Spirit Airlines has officially shut down operations, vacationers have been left navigating a spread of questions, from refunds and consumer protections to reimbursements for canceled flights.
If you happen to have been a frequent flyer with the funds airline, you may additionally have held one in every of its cobranded playing cards.
Financial institution of America issued two Spirit bank cards: the Free Spirit® Journey Mastercard® and the Free Spirit® Journey Extra World Elite Mastercard®. These playing cards are now not open to new purposes.
The data for the Free Spirit Journey Mastercard and Free Spirit Journey Extra World Elite Mastercard has been collected independently by The Factors Man. The cardboard particulars on this web page haven’t been reviewed or supplied by the cardboard issuer.
For present cardholders, accounts stay open and lively, and playing cards can nonetheless be used for on a regular basis purchases. Nonetheless, Free Spirit factors earned with these playing cards are now not redeemable and can’t be transferred to another loyalty program presently.
This is what present cardholders must know.
Is your Spirit bank card account nonetheless open?
Though Spirit Airways has ceased operations, cobranded bank card accounts issued by Financial institution of America stay open and lively.
In keeping with a Financial institution of America spokesperson, Free Spirit Journey Mastercard and Free Spirit Journey Extra World Elite Mastercard cardholders can proceed utilizing their playing cards to make purchases.
Nonetheless, the playing cards earn Free Spirit factors, and people rewards are presently not redeemable and can’t be transferred to a different loyalty program. With the way forward for the loyalty program nonetheless unsure, the worth of continuous to earn factors is unclear.
Reward your inbox with the TPG Each day publication
Be a part of over 700,000 readers for breaking information, in-depth guides and unique offers from TPG’s consultants
We might advocate discontinuing use of your Spirit card and as an alternative utilizing different playing cards that supply rewards you possibly can actively use, not less than till extra particulars are introduced about this system’s future and any potential modifications for cardholders.
Associated: An ode to Spirit Airlines: Yeah, they were all yellow
Do you have to use your Spirit bank card?
Though your Spirit bank card account stays open, you are doubtless higher off not utilizing the cardboard proper now.
Free Spirit factors are now not redeemable and can’t be transferred to a different program. That makes their short-term worth successfully zero.
So, you possibly can be lacking out on rewards you possibly can really use proper now through the use of your Spirit bank card.
We propose utilizing a cash-back card, one other cobranded airline card or a travel card with versatile factors to earn rewards that can be tangibly used proper now. Depart the Spirit card in your pockets or sock drawer.
Are you able to apply for a Spirit bank card proper now?
Bank of America stopped accepting new purposes for the 2 Free Spirit playing cards on Could 2. So, you possibly can’t get a brand new Spirit card proper now.
Do you have to shut your Spirit bank card?
Whereas we do not advocate utilizing your Spirit bank card for purchases, there isn’t a quick purpose to cancel it.
That is very true should you’ve held your Spirit card for a very long time, since closing it might decrease your credit score rating.
Associated: Discontinued credit cards: Why (and why not) to stick with them
Will you be capable of convert your Free Spirit factors to a different forex?
At the moment, Spirit Airways cardholders who’ve earned Free Spirit factors cannot transfer them to a different loyalty program.
Plans for the Free Spirit loyalty program are anticipated to be decided via the chapter course of, and extra particulars haven’t but been introduced. Cardholders with questions on their factors can contact Spirit Airways straight at SpiritAirlinesInfo@epiqglobal.com
Associated: How (and why) you should earn transferable credit card points
Will Spirit cardholders be transformed to a different card?
There aren’t presently plans for Financial institution of America to transition Spirit cardholders to a different card.
Nonetheless, a Financial institution of America spokesperson instructed TPG that the issuer will proceed to tell present cardholders about account updates — together with “particulars a few product transition, if relevant.”
Associated: Better together: The ultimate guide to the best credit card combinations
Backside line
When you’ve got a Spirit bank card, now is just not the time to make use of it.
We do not know what is going to occur to Free Spirit factors, however we do know that they’re now not redeemable, and there’s no present plan to switch or convert them (although that will change).
If you happen to’re a cardholder with further questions for Spirit, e mail SpiritAirlinesInfo@epiqglobal.com.
Associated: Spirit’s bright yellow planes are grounded for good — a sad ending for the storied budget carrier
Trending Merchandise
