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Isracard: Hundreds of Thousands Will Join the Frequent Flyer Program, and It Will Come at a Heavy Price

Summary by Globes
The acquisition of the customer club is expected to reduce Isracard's profitability in 2026 by NIS 110 to 150 million, before tax • The company's net profit increased by 540% compared to the corresponding quarter, which was affected by the recognition of a one-time expense for the cancellation of the investment agreement with Menorah-Mivtachim

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The acquisition of the customer club is expected to reduce Isracard's profitability in 2026 by NIS 110 to 150 million, before tax • The company's net profit increased by 540% compared to the corresponding quarter, which was affected by the recognition of a one-time expense for the cancellation of the investment agreement with Menorah-Mivtachim

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Globes broke the news on Tuesday, May 19, 2026.
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