Capital One Canada and Delta Air Lines Announce Partnership

New airline rewards card enters the Canadian marketplace.

TORONTO, Aug. 24 /CNW/ - Capital One Canada (www.capitalone.ca) and Delta Air Lines (www.delta.com) announced a new partnership today with the introduction of the Delta SkyMiles World MasterCard from Capital One and the Delta SkyMiles Gold MasterCard from Capital One to the Canadian rewards card marketplace. This is the first airline partnership for Capital One Canada and the first Canadian credit card partnership for Delta Air Lines.

SkyMiles members living in Canada can already earn miles with Delta and Delta partners, but with today's announcement, customers will be able to earn Delta miles faster because they can earn on everything they purchase when they use the new Delta SkyMiles MasterCard from Capital One starting August 24, 2010.

"Expanding our suite of products into the airline rewards marketplace is a natural move for Capital One," said Simon Maycock, VP Partnerships, Capital One Canada. "With its global network spanning six continents, we are confident that SkyMiles is the right partner for us to bring a new rewards card option to Canadian consumers."

Delta SkyMiles World MasterCard cardholders will earn one Delta mile per dollar spent, and double miles on Delta purchases, and until December 31, 2010, they will also receive a generous first purchase bonus of 25,000 Delta miles. To round out this competitive offer, cardholders will be eligible to earn a 2,500 bonus for their first authorized user and a 2,500 anniversary bonus.

"Capital One is a strong, new partner for Delta in Canada," said Jeff Robertson, Delta's vice president, SkyMiles. "This addition provides many more options for Canadian SkyMiles members to earn miles with every purchase."

The Delta SkyMiles World MasterCard from Capital One has premium benefits that will appeal to seasoned travellers:

• Travel emergency medical
• Car rental collision/loss damage waiver
• Trip delay and trip cancellation
• Baggage delay and baggage loss
• Trip interruption

More information about the Delta SkyMiles MasterCards from Capital One can be found at www.capitalone.ca/delta.

About Capital One

Located in Toronto, Ontario, Capital One has offered Canadian consumers a range of competitive MasterCard credit cards since 1996, when the company first introduced the Platinum MasterCard in Canada. Capital One Canada is a division of Capital One Bank, a subsidiary of Capital One Financial Corporation of McLean, Virginia (NYSE: COF).

About Delta Air Lines and the SkyMiles program

The Delta SkyMiles program offers members multiple mileage-earning opportunities when flying Delta, Delta Shuttle, Delta Connection carriers, Delta AirElite and other SkyTeam airlines. Additional mileage-building opportunities are offered through more than 140 worldwide partners such as the Delta SkyMiles MasterCard from Capital One, participating hotels and car rental companies. Now in its 29th year, SkyMiles is one of the longest-running and most successful loyalty programs in the travel industry.

Delta Air Lines serves more than 160 million customers each year. With its unsurpassed global network, Delta and the Delta Connection carriers offer service to 367 destinations in 65 countries on six continents. Headquartered in Atlanta, Delta employs more than 75,000 employees worldwide and operates a mainline fleet of more than 700 aircrafts. A founding member of the SkyTeam global alliance, Delta participates in the industry's leading trans-Atlantic joint venture with Air France-KLM and Alitalia. Including its worldwide alliance partners, Delta offers customers more than 13,000 daily flights, with hubs in Amsterdam, Atlanta, Cincinnati, Detroit, Memphis, Minneapolis-St. Paul, New York-JFK, Paris-Charles de Gaulle, Salt Lake City and Tokyo-Narita. The airline's service includes the SkyMiles frequent flyer program, the world's largest airline loyalty program; the award-winning BusinessElite service; and more than 50 Delta Sky Clubs in airports worldwide. Customers can check in for flights, print boarding passes, check bags and review flight status at www.delta.com.

For further information:

Media contacts:

Laurel Ostfield, Capital One
416-549-2753
[email protected]

Delta Air Lines
Corporate communications
404-715-2554
[email protected]