NEW YORK - MasterCard International said Industrial and Commercial Bank of China and Shanghai Airlines have launched a cobranded credit card.

Cardholders are rewarded with a 3% discount on all ticket bought at 15 Shanghai Airlines ticket offices. Gold cardholders earn a 5% discount.

Brian Thom, senior vice president of marketing for MasterCard's Asia/Pacific region, said he expects the cobranded card to attract 10,000 customers initially.

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