Federal Bank Launches Credit Cards in

 Federal Bank Launches Credit Cards in association with Visa

Federal Bank is proud to announce the launch of its credit card, in association with Visa, the global leader in digital payments.  

The card, which comes in three variants, is packaged with a range of powerful offers, and is presently offered to existing customers of the Bank. The launch of this product aligns with the Bank’s strategy to improve unsecured, high yielding book and completes the suite of banking products offered by the Bank.

 

The three variants of the card are named Celesta, Imperio and Signet, each of which is designed to cater to the needs of different segments of customers.  Celesta card is targeted at HNIs, Imperio is for family oriented customers and Signet is targeted at young, early professionals. To equip the customers with the best facilities in the industry, Bank will be offering them credit cards with lowest Annual Percentage Rates - dynamic Annual Percentage Rate (APR) starting from 0.49% p.m. (5.88% p.a.).

 

There are also exclusive offers like Amazon Gift vouchers as welcome benefits, attractive reward points, Buy One Get One free offer at INOX, Complementary membership programs, Fabulous dining giving minimum 15% discounts, 1% fuel surcharge waiver at all fuel stations across India, complimentary lounge access at airports and much more. 

 

For issuance of credit cards, the Bank has adopted a ‘Digital First’ card approach by issuing an instant credit card, through a 3 click approach. The card is immediately available for use in FedMobile, the Bank’s Mobile Banking application, and the physical card will be delivered in due course.

 

The Bank is also on course to launch variants of the Rupay Credit Card in association with National Payments Corporation of India (NPCI).

 

Deliberating on the capabilities of the card, Shyam Srinivasan, MD & CEO of the Bank said, “Our Credit Card is completely digital with a 3- click application approach which would make the card instantly available for use on FedMobile, our mobile banking application. We are glad we could take this digital leap and provide the consumers with the convenience they expect. We are delighted to bring forth our Credit Card to customers in partnership with Visa”.

 

T R Ramachandran, Group Country Manager, India and South Asia said, “Consumers often turn to credit cards when planning big ticket purchases but more recently, we have seen this usage extend to more segments, geographies and categories. We are delighted to partner with Federal Bank and extend credit card services to the Bank’s different consumer segments and needs.

 

With the number of credit cards in the country currently far lower than credit eligible customers, we see great potential in partnering with the bank to scale up through such partnerships and offering consumers the convenience and benefits of paying by credit cards.”

 

ICICI Bank and HPCL launch ‘ICICI Bank HPCL Super Saver’

 ICICI Bank and HPCL launch ‘ICICI Bank HPCL Super Saver’ co-branded Credit Card

 

·         Offers 5% cashback on spends on fuel at HPCL outlets

·         Also offers 5% PAYBACK reward points on spends on electricity and mobile, and at large departmental stores

·         Provides complimentary roadside assistance, airport lounge access and discounts on movie tickets

 

ICICI Bank today announced the launch of a co-branded credit card with Hindustan Petroleum Corporation Limited (HPCL) to enable users to get benefits and reward points of using multiple credit cards in one. Named, ‘ICICI Bank HPCL Super Saver Credit Card’, the card offers best-in-class rewards and benefits to customers on their everyday spends on fuel as well as other categories including electricity and mobile, departmental stores like Big Bazaar and D-Mart, and e-commerce portals, among others. Powered by VISA, the card is unique among its peers which typically offer benefits on only one category of spends.

 

Speaking on the launch, Mr. Sudipta Roy, Head – Unsecured Assets, ICICI Bank said, “We at ICICI Bank constantly strive to offer innovative propositions that address the growing and changing needs of customers. We are delighted to partner with HPCL to launch the ‘ICICI Bank HPCL Super Saver Credit Card’. Typically, similar credit cards offer accelerated benefits on spends in one category. This card breaks that barrier as it enables customers to save on every transaction that they make. This truly makes the card a ‘super star’ of savings. We believe that this card will empower customers to save more while enjoying the convenience of digital payments.”

 

HPCL Executive Director - Retail, Shri S K Suri, said “HPCL is very happy to partner with ICICI Bank to launch ‘ICICI Bank HPCL Super Saver Credit Card’ with unique offerings and rewards to enhance customer experience. This credit card will help in promoting the digital payment ecosystem at retail outlets and meet the expectations of the customers with its innovative offerings. The customer will also get additional loyalty points when they use this card on our HP Pay App.”

 

Customers can apply for the ‘ICICI Bank HPCL Super Saver Credit Card’ through the Bank’s internet banking platform or the mobile banking app, iMobile Pay. They get a digital card in a 100% contactless and paperless manner. The physical card is also sent to the customer by ICICI Bank within a few days. Further, customers can manage their transaction setting and credit limit conveniently on iMobile Pay app.

 

Additionally, they can upgrade their existing ICICI Bank credit card to ‘ICICI Bank HPCL Super Saver Credit Card’ using iMobile Pay and internet banking. 

 

 

Features of the ICICI Bank HPCL Super Saver Credit Card:

 

·         Rewards:

·         5% cashback on spends on fuel at HPCL retail outlets which includes 4% cashback and 1% surcharge waiver

·         Additional 1.5% benefit as PAYBACK reward points on spends on fuel made through HPCL’s ‘HP Pay’ app

·         5% benefit as PAYBACK reward points on spends on electricity and mobile as well as shopping at large departmental stores like Big Bazaar and D-Mart.

·         2 PAYBACK points per Rs. 100 spent on all other categories including shopping at local stores and e-commerce portals for online shopping

·         2000 PAYBACK points as a joining benefit, which are credited to the customer’s PAYBACK account upon activation of the card

·         Cashback of Rs. 100 in ‘HP Pay’ app wallet on the first transaction made using the app worth Rs. 1000 or above

 

·         Value added benefits:

·         Industry first feature of complimentary 24x7 roadside assistance

·         Annual fee waiver on spends of Rs. 1,50,000/-

·         Complimentary domestic airport lounge access

·         Exclusive discounts on movie ticket bookings on BookMyShow and Inox

·         Exclusive dining offers through the Bank’s Culinary Treats programme

 

The PAYBACK points are credited to the customer’s PAYBACK account which is auto-created at the time of issuance of the card. Customers can then redeem these points as per their choice on the PAYBACK website, ‘HP Pay’ app, or at PAYBACK partners stores/website. They can also redeem the PAYBACK points for purchasing fuel at HPCL retail outlets.

 

To know more about the ‘ICICI Bank HPCL Super Saver Credit Card’, visit : https://www.icicibank.com/Personal-Banking/cards/Consumer-Cards/Credit-Card/hpcl-super-saver/what-makes-this-work.page

 

IndiGo celebrates 1 year of ‘6E Rewards’ Credit card with

 IndiGo celebrates 1 year of ‘6E Rewards’ Credit card with guaranteed gifts and benefits for its members

To celebrate the successful completion of one year of its 6E Rewards credit card, IndiGo, India’s leading airline, has announced additional benefits for its ‘6E Rewards’ credit card holders. The members will get guaranteed benefits on every spend of INR 4000. Furthermore, IndiGo has also collaborated with various brands including INOX cinemas, Accor Hotels, Hamleys, Puma, LionsGate Play to provide guaranteed benefits to the Card holders.

IndiGo is also running a contest for its credit card members where people have to spend using ‘6E Rewards’ Credit Card and share their experience on social media by tagging IndiGo with a post titled ‘How I saved money with 6E Rewards #6ERewardsTurnsone’. By just spending, members will be eligible for a lucky draw to win Sony wireless headphones, Apple MacBook Pro and 25 lucky winners will get couple return air tickets to their preferred destination. The contest is being run on IndiGo’s website starting February 1 and will continue till February 28.

6E Rewards is also inviting the members with their companions to the birthday celebration at different locations like Chennai, Delhi, Bengaluru, and Hyderabad. The event includes unlimited food and drinks followed by a laughter show by a stand-up comedian Sundeep Sharma hosted by IndiGo, HDFC Bank, Mastercard and Accor hotels.

Mr. William Boulter, Chief Commercial Officer, IndiGo said, “We introduced ‘Ka-ching’ Credit Card with a lot of enthusiasm in partnership with HDFC Bank and Mastercard, to elevate the customer experience with IndiGo. Over the last year, we have added to our kitty of collaborations for earning accelerated 6E Rewards on the Ka-ching card from spends at hotels, salons, car rentals and pharmacies, in order to ensure that our customers get enhanced value on every spend. We are excited to indulge our customers with contests and supplementary rewards to celebrate the occasion. We are really thrilled as Ka-ching turns one and there was no better way to revel this milestone than with our loyal customers, as we strive to enhance their experience with IndiGo”.

In February 2020, IndiGo partnered with India’s leading bank HDFC Bank to launch its first travel credit card - ‘Ka-ching’ - powered by Mastercard. Launched in two variants, 6E Rewards and 6E Rewards XL, Ka-ching was introduced with the vision of providing a richer travel experience with varied benefits and unmatched rewards to the card-holders keen on domestic and international travel. The credit cards allow customers to accrue accelerated 6E Rewards on IndiGo transactions and also earn additional 10-15% 6E Rewards on dining, shopping, transport, medical bill spends with Featured Partners. In addition to 14 travel and lifestyle benefits, the card also provides access to priority check-in, choice of seat, and a complimentary meal. Card holders can avail Mastercard concierge services, airport limousine service and enjoy premium benefits and savings on hotels, car rentals and flight bookings.

Axis Bank launches ‘Aura’- a credit card exclusively loaded with

Axis Bank launches ‘Aura’- a credit card exclusively loaded with affordable health and wellness solutions 

 

·         Welcome benefit of Decathlon shopping voucher worth INR 750

·         Four free online video doctor consultations per month

·         Four free online interactive personal training sessions and 16 pre-recorded sessions by celebrity fitness trainers per month

·         Discount on annual medical checkup

·         Special discount to cardholders on Nutrition plan and Diet Subscriptions

 

Axis Bank, India’s third-largest private sector bank, announced the launch of ‘AURA’, a credit exclusively loaded with several health and wellness benefits for its users at an affordable price. Aimed at health conscious individuals, these features will be powered by Poshvine and other specialists such as Decathlon, Practo, Fitternity, IndushealthPlus, 1MG etc., to offer a complete and unique health & wellness solution.  

 

The curated and affordable health and wellness offering from Axis Bank has partners like IndusHealth Plus, a health check-up company and Practo, an online medical consultation platform. Cardholders will be eligible for discount on annual medical check-up via IndushealthPlus.  With Practo, the Card will provide up to four free online video consultations per month, with 24*7 access to doctors across all 21 specialties and not just limited to general physicians. List of specialties range from the most common ones like dermatology and cardiology to alternative medicine practices like Ayurveda and homeopathy. 

 

Additionally, this proposition offers up to four free online interactive fitness sessions per month powered by Fitternity (a health and fitness platform). Cardholders also get access to 16 recorded training sessions per month and can choose from a wide array of sessions like Yoga, Cross Functional Training programs etc. 

 On the launch Sanjeev Moghe, EVP & Head, Cards & Payments, Axis Bank said: “During the pandemic, an individual’s focus towards health and wellness has increased significantly. Our analytics indicated a strong trend amongst consumers with the way they have been spending on health care products, which showed a significant spend lift in the health and wellness categories. To address this specific customer need and to tap the growing market, we have launched ‘AURA’, a credit card loaded with health and wellness solutions. We believe that there is a genuine need of a product catering to the health and wellness needs of customers, and this can be easily addressed through our unique product proposition.”

 

Benefits and offers	Details
Welcome  benefit voucher	INR 750
Free online video doctor consultations	Up to four per month
Free online interactive workout session	Up to four per month
Access to recorded  fitness sessions by Celebrity Fitness Trainers	Upto sixteen per month
Discount on annual health checkup	Up to INR 500

Bank of Baroda’s Credit Card arm Readies for

Bank of Baroda’s Credit Card arm Readies for Digital Transformation 

with Implementation of Fiserv Technology

Flexible, scalable solution accelerates digital transformation of card issuing and processing

BOB Financial Solutions Limited (BFSL), a wholly owned subsidiary of Bank of Baroda, has chosen Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial services technology solutions, to enable the digitization of their end-to-end card issuance and processing cycle and support the launch of several new and high-tech products including contactless credit cards, tokenisation and integration with branded wallets and virtual credit cards.

BFSL is one of the earliest issuers of credit cards in India and has a reputation for delivering superior card products and services to its customers. To advance their digital strategy and keep pace with rapidly changing consumer expectations, BFSL will utilize FirstVision^TM from Fiserv, an end-to-end managed services solution that enables card issuing and processing with global economies of scale and integrated capabilities that span the card lifecycle.

The service-oriented architecture and open APIs of FirstVision facilitate rapid application development, enabling new capabilities to be brought to market more quickly and at a lower cost. The software as a service (SaaS) solution is hosted locally in India and enables card processing for major issuers across the country, helping ensure compliance with local payment and customer data regulations.

“Delivering robust, secure products and a superior experience to our customers is our priority,” said Shailendra Singh, managing director and CEO at BOB Financial Solutions Limited. “Fiserv understands our market, and we value the fact that that their card processing capabilities are hosted in India. The scalable, integrated technology provided by Fiserv will allow us to deliver the experiences our customers expect now and into the future, as we accelerate the launch of new products and services being adopted by all major issuers.”