LUXURY CARD LAUNCHES PARTNERSHIP WITH RAD POWER BIKES

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Luxury Card Adds Award-Winning Electric Bike Company to their Perks Program

Jackson, WY, September 16, 2020

Luxury Card announced a new partnership with Rad Power Bikes, an e-bike company founded by Mike Radenbaugh and childhood friend Ty Collins. What began as a small passion project has developed into a lifestyle business that includes e-bike accessories, monthly maintenance classes and a blog titled “The Scenic Route.” Luxury Card members will now receive one complimentary accessory with the purchase of an electric bike from Rad Power Bikes.1

“We continue to seek unique and relevant benefits to enhance the Cardmember experience. Growing interest in e-bikes, in general, coupled with Rad Bikes’ superior designs, made this partnership a natural fit,” says Marina Kissam, Vice President of Customer Experience at Luxury Card.

Rad Power Bikes offers 10 different electric bike models that can be customized with upgrades and accessories. The variety of high-end styles available, from all-terrain to cargo and utility, cater to Cardmembers’ diverse needs and interests. Electric bikes offer an efficient way to get around, a healthy outlet to keep the whole family happy and an enjoyable mode of movement for recreational and dedicated cyclists alike. E-bikers experience all the fun, freedom and flexibility of traditional bikes with a little extra power when and where they want it.

About Luxury Card
Luxury Card is a global leader in the premium credit card market with a mission to shape the industry through innovation, value and service. We believe the Mastercard® Gold Card™, Mastercard® Black Card™ and Mastercard® Titanium Card™ can pay for themselves with unparalleled rewards, 24/7 Concierge and first-class benefits.

Luxury Card members receive the best airfare and cash back redemption rates,2 with points that can be redeemed in any increment and that never expire. Points for airfare are redeemed at 2% with no blackout dates, airline limitations or seat restrictions.3 For example, 50,000 points with Luxury Card will get you a $1,000 airline ticket while the nearest competitor’s reward points will only amount to a $750 airline ticket.2 Cardmembers redeem for cash back at a rate of up to 2%2 or for various experiences, travel, dining and gift cards.

Luxury Card Concierge® caters to our Cardmembers’ every need. Available 24/7 by live chat on our industry-first Luxury Card App, phone and email, dedicated Concierge agents assist with travel itineraries, dining reservations, research and gift sourcing. We deliver first-class service anywhere, anytime.

Luxury Card’s in-house travel program provides an average total value of $5004 per stay in benefits and services at over 3,000 properties worldwide. Mastercard® Gold Card™ and Mastercard® Black Card™ members receive complimentary membership and unlimited guest access to more than 1,300 airport lounges around the globe with Priority Pass™ Select.3

Luxury Card is accepted at over 8 million domestic retailers in 210 countries with no foreign transaction fees.5 We are committed to providing top value, benefits and service to make your life simpler and your experiences richer.

About Rad Power Bikes
Mike Radenbaugh built his first ebike in 2007 as a way to get to high school and back, became totally obsessed, and founded Rad Power Bikes. For years he operated as a sole proprietorship, converting traditional bikes into electric bikes for local customers based on each person's individual needs.

Mike always knew ebikes were the future of transportation, and his childhood friend and college roommate Ty Collins thought so too. In 2015, they joined forces to bring Rad Power Bikes to the masses. They relaunched the brand as a direct to consumer business with their first manufactured model—the RadRover electric fat tire bike—and have been on a wild ride of hypergrowth ever since.

1 Restrictions, limitations and exclusions apply. Offer valid in the U.S. only. Offer expires 3/31/2021. Cardmember is eligible to receive one free accessory with every RadBike purchase, valued at up to $100. Offer is applied to the lowest price accessory in cart, up to $100 value. Discount codes cannot be stacked or combined and only one code may be used per customer. Some exclusions may apply. For example, the RadMission 1 Bike at $999 is not eligible for the complimentary accessory. 2 Information as of September 1, 2020. The earn rates at which points can be accumulated vary among credit card competitors and can impact the relative dollar value of the redemption. 3 Certain terms, conditions and exclusions apply to benefits. Please see the Reward Rules and Mastercard Guide to Benefits you'll receive upon approval for details. 4 Average value based on 2019 bookings for a stay of three nights. Benefits may include daily breakfast for two, room upgrade when available, welcome amenities, resort and dining credits, late check-out and early check-in when available and complimentary Wi-Fi. Actual value will vary based on property, room rate, upgrade availability, length of stay and use of benefits. 5 Annual Fee is $995, $495 or $195. 0% introductory APR on balance transfers made within 45 days of account opening is applicable for the first fifteen billing cycles that immediately follow each balance transfer. This introductory APR offer does not apply to purchases and cash advances. For new and outstanding balance transfers after the introductory period and all purchases, the variable APR is 14.99%. The variable APR for cash advances is 25.24%. The APRs on your account will vary with the market based on the Prime Rate and are subject to change. The minimum monthly interest charge will be $0.50. Balance transfer fee: 3% (min. $5). Cash advance fee: 5% (min. $10). Foreign transaction fee: 0%. See Terms and Conditions for updated and more information about the terms of this offer, including the “About the Variable APRs on Your Account” section for the current Prime Rate information.

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