The Bank of Cyprus Aegean Mastercard Business Credit Card is designed to offer businesses and corporate cardholders a range of travel-related privileges and features, enhancing both business transactions and travel experiences.
Key Features and Benefits
Privileges for Your Business
- Miles+Bonus Account: Businesses can collect redemption miles through cardholder transactions and redeem them for flights. Additionally, businesses can transfer redemption miles to other Miles+Bonus accounts.
- Collection of Miles: Earn 2 reward miles for every €1 spent on the AEGEAN network and 1 mile for every €1 spent elsewhere.
- Extra Antamivi Reward: Earn 6 antamivi points for every €5 transaction through AEGEAN’s direct channels, convertible to award miles at a ratio of 3 antamivi points to 5 award miles.
Privileges for the Corporate Cardholder
- Miles+Bonus Account: Enjoy all privileges and services of the Miles+Bonus program.
- Welcome Miles: Earn 4,000 welcome miles upon activation.
- Free Fast Track Priority Service: Two coupons per year for free Fast Track service at airports.
- Free Upfront Seat Selection: Two coupons per year for upfront seat selection.
- Aegean Club Lounge Access: Four coupons per year for free access to Aegean Club Lounges in Athens, Thessaloniki, and Larnaca.
Insurance and Security
- Travel Insurance: Free travel insurance when using the card for travel expenses.
- Purchase Protection Insurance: Free insurance against theft, loss, and accidental damage.
- Mobile Phone Insurance: Coverage against theft or accidental damage during insured journeys abroad.
- Contactless Payments: Add your card to Apple Pay, BoC Wallet, Fitbit, Garmin, and Settle for fast and secure transactions.
- Lounge Key: Access to over 1,200 lounges worldwide at €24 per visit.
- Flight Delay Pass: Free access to over 1,200 lounges in 100+ countries for you and four fellow travelers during flight delays.
Additional Benefits
- Antamivi Points Conversion: Convert antamivi points to miles at a ratio of 3 antamivi points to 5 award miles.
- Participation in Draw Schemes: Opportunity to participate in various draw schemes.
- Advanced Security: SMS alerts and push notifications for enhanced security.
- Wide Acceptance: The card is widely accepted both in Cyprus and abroad.
Pros and Cons of the Bank of Cyprus Aegean Mastercard Business Credit Card
Pros
- Miles+Bonus Account: Earn and redeem miles for flights, with the ability to transfer miles to other accounts.
- Welcome Miles: 4,000 welcome miles upon card activation.
- Additional Rewards: Earn extra antamivi points on transactions through AEGEAN’s direct channels.
- Travel Perks: Includes free Fast Track service, upfront seat selection, and lounge access.
- Comprehensive Insurance: Travel, purchase protection, and mobile phone insurance.
- Contactless Payments: Integration with Apple Pay, BoC Wallet, Fitbit, Garmin, and Settle.
- Flight Delay Pass: Free access to lounges during flight delays.
Cons
- Lounge Access Fee: Lounge access through Lounge Key costs €24 per visit.
- Limited Lounge Locations: Free lounge access limited to Aegean Club Lounges in Athens, Thessaloniki, and Larnaca.
- Conversion Limitations: Antamivi points conversion to miles has specific ratios and limits.
- Eligibility Requirements: The card may have stringent eligibility criteria due to its high-end benefits.
- Annual Fees: Potentially higher annual fees compared to basic credit cards, depending on the business’s usage and benefits.
Point by point Comparison with Rival Business Cards
| Feature | Aegean Mastercard Business (Bank of Cyprus) | Hellenic Bank Business Visa | Alpha Bank Business Mastercard |
|---|---|---|---|
| Target Audience | Business and corporate cardholders | Business and corporate cardholders | Business and corporate cardholders |
| Miles Rewards | 2 miles/€1 on AEGEAN network, 1 mile/€1 elsewhere | No specific miles program | No specific miles program |
| Welcome Miles | 4,000 miles | No welcome miles | No welcome miles |
| Extra Reward Points | 6 antamivi points/€5 on AEGEAN transactions | No extra reward points | No extra reward points |
| Priority Pass | 600 lounges, €24 per visit | No Priority Pass | No Priority Pass |
| Fast Track Service | Free Fast Track service (2 coupons/year) | No Fast Track service | No Fast Track service |
| Upfront Seat Selection | Free Upfront Seat Selection (2 coupons/year) | No seat selection benefit | No seat selection benefit |
| Lounge Access | 4 free visits to Aegean Club Lounges/year | No specific lounge access | No specific lounge access |
| Travel Insurance | Free travel insurance | Free travel insurance | Free travel insurance |
| Purchase Protection Insurance | Free purchase protection insurance | Free purchase protection insurance | Free purchase protection insurance |
| Mobile Phone Insurance | Free mobile phone insurance | No mobile phone insurance | No mobile phone insurance |
| Contactless Payments | Apple Pay, BoC Wallet, Fitbit, Garmin, Settle | Apple Pay, Google Pay | Apple Pay, Google Pay, Garmin Pay |
| Flight Delay Pass | Free access to lounges during flight delays | No Flight Delay Pass | No Flight Delay Pass |
| Antamivi Points Conversion | 3 antamivi points : 5 award miles | Not applicable | Not applicable |
| Security Features | SMS alerts, push notifications | SMS alerts, push notifications | SMS alerts, push notifications |
How does it compare?
The Bank of Cyprus Aegean Mastercard Business Credit Card stands out with its robust travel rewards and perks tailored for business users. It offers significant advantages like miles rewards, welcome miles, and access to Aegean Club Lounges. Additionally, the card provides extra benefits such as free travel insurance, purchase protection, mobile phone insurance, and free Fast Track and upfront seat selection services. In contrast, the Hellenic Bank Business Visa and Alpha Bank Business Mastercard lack these specific travel-related benefits and miles programs, making the Aegean Mastercard Business more appealing for frequent business travelers.
Summary
The Bank of Cyprus Aegean Mastercard Business Credit Card offers a comprehensive suite of benefits tailored for business needs and corporate travelers. From earning miles and enjoying travel perks such as lounge access and fast track services to robust insurance coverage and secure, contactless transactions, this card provides significant value for businesses looking to maximize their travel rewards and ensure a smooth and comfortable travel experience.
More info from Bank of Cyprus website HERE