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April 3, 2017

Karnataka Bank, SBI Card to introduce co-branded credit cards

Karnataka Bank, a private commercial bank based in India, and SBI Card have teamed up to roll out new co-branded credit cards for the customers of the bank.

By Verdict Staff

Karnataka Bank, a private commercial bank based in India, and SBI Card have teamed up to roll out new co-branded credit cards for the customers of the bank.

The two variants of the co-branded credit card include: Karnataka Bank Platinum SBI Card and Karnataka Bank SimplySAVE SBI Card.

Designed to target affluent customers, Karnataka Bank Platinum SBI Card offers a host of benefits that includes 5X accelerated reward points on international, dining and departmental store spends; complimentary fraud protection from TATA AIG up to INR100,000 in case of card theft or fraud.

Furthermore, the platinum SBI credit card will provide a range of lifestyle benefits such as discounted stay at over 55,000 hotels and villas across the globe, discounted car rentals, complimentary Priority Pass membership and free visits to more than 25 airport lounges, discounted golf membership, among others.

The Karnataka Bank SimplySAVE SBI Card has been designed keeping the interests of value conscious consumers. It offers rewards and features that enable customers to maximise their savings on their regular spends. The cardholders will get 2,000 welcome reward points after spending of INR2,000 ($30.83) within the first 60 days.

Additionally, they can receive 10 reward points per INR100 ($1.54) spent on dining, movies, departmental store and grocery spends

Karnataka Bank managing director and CEO P Jayarama Bhat said: “We are happy to collaborate with SBICard to offer co-branded credit cards to our customers which is one of the long awaited & most sought after product, the introduction of which has added more flavor to Bank’s bouquet of tailor-made products and services.

“In today’s digital world, a Credit Card has become an indispensable part of our lives, with its ease of access to credit and convenient pay-back options. I urge all the eligible customers of the Bank to subscribe for co-branded credit card, which opens up a whole new world of comfort & esteem.”

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