Private sector lender
Axis Bank said it has launched a premium credit card which will provide
financial and travel benefits to frequent overseas travellers. The card has
been issued in association with Europe's largest frequent flyer programme Miles
and More, and will be available in two variants—World and World Select.
"We have launched this credit card, which will give financial and travel benefits for international frequent flyers. We aim to target affluent customers for this new product," said President and Head of Consumer Lending and Payments of Axis Bank, Jairam Sridharan. The banks aims to provide cardholder get access to frequent flyer programme of Lufthansa and other member airlines with this premium credit card. The cardholder will also enjoy insurance benefit and discount of 20 basis points on home loan products.
Axis Bank’s total credit card book size stands at around Rs 1,200 crore, which is close to 2 per cent of its total retail asset.
"Axis Bank had shown one of the highest growth in credit card segment in the industry last fiscal. Spends had grown by more than 100 per cent for us in the last fiscal. We are positive in this space," he said.
"We have launched this credit card, which will give financial and travel benefits for international frequent flyers. We aim to target affluent customers for this new product," said President and Head of Consumer Lending and Payments of Axis Bank, Jairam Sridharan. The banks aims to provide cardholder get access to frequent flyer programme of Lufthansa and other member airlines with this premium credit card. The cardholder will also enjoy insurance benefit and discount of 20 basis points on home loan products.
Axis Bank’s total credit card book size stands at around Rs 1,200 crore, which is close to 2 per cent of its total retail asset.
"Axis Bank had shown one of the highest growth in credit card segment in the industry last fiscal. Spends had grown by more than 100 per cent for us in the last fiscal. We are positive in this space," he said.
No comments:
Post a Comment