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According to FM, all U.S. Avianca LifeMiles credit cards will be closed by Banco Popular on March 31, 2022. If the bank closes the card, it will show as card closed by issuer. In general, that will have some impact on your credit report, but not a huge one. If you’re worried about that, you can call to close the card in advance so it shows as card closed by customer, which is a bit more normal.
Usually, co-branded card portfolios get sold to another bank that takes over the program. This time, the direct closure probably means they couldn’t find a good buyer.
Thank you for being a valued member of Avianca Vida Visa. We are notifying you that the Credit Card Program between Banco Popular of Puerto Rico (BPPR) and LifeMiles has ended. Therefore, BPPR will terminate the Avianca credit card agreements, including Avianca Vida Visa and Avianca Vuela Visa. Under the Credit Card Agreement (Agreement) for Avianca Vida Visa and Avianca Vuela Visa, both BPPR and you have the right to close the account at any time. BPPR has chosen to exercise this contractual right and through this communication we hereby notify that the abovementioned account will be closed effective on March 31, 2022.
Their cards used to offer some pretty good deals, so maybe they won’t continue issuing them in the U.S. for now.