September 21, 2024 06:25 (IST)
Kolkata, July 7 (IBNS): SBI Card, one of the leading credit card issuers in India, on Thursday launched SBI Card Elite, a premium credit card designed to complement the refined tastes of the discerning customers.
Launched on the MasterCard World platform, the credit card is enabled with NFC(Near Field Communication) technology. This allows customers a contact less payment experience, adding more speed and suave to their wallets.
"SBI Card Elite is our first credit card on the premium MasterCard World platform. The partnership with MasterCard will build a deeper engagement between the two entities, to offer a world of privileges and an enhanced experience to the premium category customers. The credit card will allow SBI Card to accelerate acquisition of premium customers by expanding the company’s premium card portfolio," an official statement said.
SBI Card Elite will not only allow cardholders to live privileged, but will also reward and complement their lifestyle. With this card, customers will benefit from accelerated rewards on shopping and lifestyle spends and earn bonus reward points on achieving spend milestones.
The card will come with a joining fee of Rs. 4,999. All SBI Card ELITE customers will receive a welcome gift worth Rs. 5,000 in the form of vouchers from popular lifestyle and travel brands.
At the launch, Vijay Jasuja, CEO, SBI Card, said, “At SBI Card, it is our constant endeavour to create products that complement the dynamic needs and spending patterns of our customers. We believe that this card will give our customers an experience of premium privileges that are unique and match their lifestyle. This is our first card on the premium MasterCard World Platform and we are excited about bringing a world of exclusive privileges to our customers through this partnership.”
Vikas Varma, Executive Director, MasterCard, South Asia said, “With a consistent focus on digitization, increasing adoption of electronic payments and rising disposable incomes, India is an exciting market witnessing a steep rise in the affluent consumer base. We are delighted to partner with SBI Card for the launch of SBI Card ELITE, the first credit card in the premium category delivered on the MasterCard World platform. Enabled with the latest Near-Field Communication (NFC) technology, SBI Card ELITE is aimed at complementing the lifestyle of the affluent consumer. The program delivers stronger rewards and greater value, providing superior service and support around the world, whether at home or abroad.”
"SBI Card Elite is our first credit card on the premium MasterCard World platform. The partnership with MasterCard will build a deeper engagement between the two entities, to offer a world of privileges and an enhanced experience to the premium category customers. The credit card will allow SBI Card to accelerate acquisition of premium customers by expanding the company’s premium card portfolio," an official statement said.
SBI Card Elite will not only allow cardholders to live privileged, but will also reward and complement their lifestyle. With this card, customers will benefit from accelerated rewards on shopping and lifestyle spends and earn bonus reward points on achieving spend milestones.
The card will come with a joining fee of Rs. 4,999. All SBI Card ELITE customers will receive a welcome gift worth Rs. 5,000 in the form of vouchers from popular lifestyle and travel brands.
At the launch, Vijay Jasuja, CEO, SBI Card, said, “At SBI Card, it is our constant endeavour to create products that complement the dynamic needs and spending patterns of our customers. We believe that this card will give our customers an experience of premium privileges that are unique and match their lifestyle. This is our first card on the premium MasterCard World Platform and we are excited about bringing a world of exclusive privileges to our customers through this partnership.”
Vikas Varma, Executive Director, MasterCard, South Asia said, “With a consistent focus on digitization, increasing adoption of electronic payments and rising disposable incomes, India is an exciting market witnessing a steep rise in the affluent consumer base. We are delighted to partner with SBI Card for the launch of SBI Card ELITE, the first credit card in the premium category delivered on the MasterCard World platform. Enabled with the latest Near-Field Communication (NFC) technology, SBI Card ELITE is aimed at complementing the lifestyle of the affluent consumer. The program delivers stronger rewards and greater value, providing superior service and support around the world, whether at home or abroad.”
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
Latest Headlines
SEBI permits mutual funds to buy and sell credit default swaps Sat, Sep 21 2024
HDFC Bank unit HDB Financial Services approves Rs 2,500 cr fundraise Fri, Sep 20 2024
India's net FDI rises to $5.5 billion in Q1FY25: RBI report Fri, Sep 20 2024
Anil Ambani's Reliance Infrastructure to get equity infusion of Rs 1,100 cr from promoters Fri, Sep 20 2024
'It will never happen again': EY India Chairman on missing young CA's funeral who died of 'overwork' Fri, Sep 20 2024