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News on Medial
Should you apply for the PNB-EaseMyTrip co-branded credit card?
Money Control
·
1y ago
Medial
Punjab National Bank (PNB) has partnered with EaseMyTrip to launch a co-branded travel credit card. The PNB EMT credit card offers various benefits such as a welcome gift voucher, discounts on flight and hotel bookings, airport lounge access, and more. While the card comes with an annual fee of INR 2,000, it offers benefits worth more than the joining fee. However, some critics argue that the card is overpriced compared to its rival, the Standard Chartered EaseMyTrip credit card, which offers similar benefits at a lower annual fee. Potential applicants should consider their travel patterns and annual card spend before applying.
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Related News
EaseMyTrip Partners Hyperface To Boost Co-Branded Card Programmes
Inc42
·
9m ago
Medial
EaseMyTrip has partnered with Hyperface to onboard new customers and launch personalized campaigns for existing customers. The travel agency plans to enhance its card programs and introduce co-branded credit card programs. Founded in 2018, EaseMyTrip has expanded its business to include insurtech and electric bus manufacturing.
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Federal Bank, South Indian Bank announce measures on co-branded credit cards
Money Control
·
1y ago
Medial
Federal Bank and South Indian Bank have announced measures regarding their co-branded credit cards in response to regulatory guidance from the Reserve Bank of India (RBI). Federal Bank has stopped issuing new co-branded credit cards and is rectifying deficiencies before resuming issuance. Both banks will continue to service existing customers with co-branded credit cards. The RBI recently amended its master directions on credit and debit cards, requiring card issuers to monitor the end use of funds and safeguard customer data. The RBI also stated that card issuers should not be restricted from using services from multiple networks.
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PhonePe, HDFC Bank partner to launch UPI-linked co-branded credit cards
YourStory
·
1m ago
Medial
PhonePe and HDFC Bank have launched a co-branded credit card linked to UPI, targeting India's digitally savvy consumers. The card, available in two variants, integrates with the UPI network, allowing credit payments via UPI QR codes at merchants. This partnership combines PhonePe’s user base with HDFC’s credit expertise. The card offers rewards such as 10% points on selected spends and airport lounge access, reflecting a trend of co-branded cards in India’s payment ecosystem.
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Kotak Mahindra Bank open to more partnerships on co-branded credit cards, says senior executive
Money Control
·
1y ago
Medial
Kotak Mahindra Bank is planning to launch more co-branded credit cards in partnership with industry players. The bank currently has five co-branded credit cards with IndiGo Airlines, PVR, Indian Oil Corporation, Myntra, and Metro Cash and Carry. Additionally, Kotak Bank has partnered with BookMyShow to offer discounts on tickets for international artists, which has seen significant growth in credit card spending. The bank is also focused on boosting its RuPay credit card business, which has been performing well.
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OneCard raises Rs 95 Cr debt from Alteria
Entrackr
·
1y ago
Medial
Mobile-first credit card startup OneCard has secured Rs 95 crore ($11.44 million) in debt funding from Alteria Capital. The company, which offers co-branded credit cards and a credit score tracking app, will issue 9,500 Series B debentures to raise the funds. The debt funding will be used for business operations. OneCard became a unicorn in 2022 after a Series D funding round and has seen significant growth in revenue, but also a rise in losses. It competes with Slice and Uni in the co-branded credit card space.
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Co-branded credit cards are poised to outpace traditional credit cards: report
YourStory
·
11m ago
Medial
According to a report by RedSeer Strategy Consultants and Hyperface, co-branded credit cards are growing in popularity in India and are expected to grow twice as fast as traditional credit cards. The report suggests that co-branded cards will capture over 25% of the market share by volume by FY28 and have a higher transaction volume and value compared to traditional credit cards. The average spend per co-branded credit card is also 1.2 times higher, with a superior activation rate. The growth is driven by tailored rewards and exclusive benefits through strategic partnerships with brands in various sectors.
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Cobranding with Tata Neu, Swiggy widens HDFC Bank cards’ reach
Economic Times
·
1y ago
Medial
HDFC Bank is capitalizing on the trend of co-branded credit cards by issuing a large number of cards in partnership with popular brands like Swiggy and Tata. This move by HDFC Bank allows customers to enjoy special offers and benefits when using these co-branded cards, enhancing their overall card usage experience.
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PhonePe & HDFC Co-branded Credit Card: Inside the Benefits of the 'Ultimo' Variant
YourStory
·
1m ago
Medial
HDFC Bank and PhonePe have launched the 'Ultimo' co-branded credit card, integrating UPI convenience with credit card benefits. Targeted at Indian users, the Ultimo card offers rewards on UPI transactions, with a 10% reward on PhonePe app spends and 5% on select online brands. The card comes with a ₹999 joining fee, offset by welcome offers and rewards. Additional perks include domestic lounge access and seamless card management via the PhonePe app.
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Swiggy Launches Co-Branded Credit Card With HDFC Bank
OutlookIndia
·
2y ago
Medial
Swiggy, the e-commerce platform, has collaborated with HDFC Bank to introduce a co-branded credit card. The card aims to offer customers exclusive benefits and rewards for transactions made on the Swiggy platform. It will offer 10 per cent cashback on Swiggy and 5 per cent cashback across 1000 e-commerce platforms
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Fintech super.money rolls out new co-branded credit card with Axis Bank
YourStory
·
2m ago
Medial
Fintech startup super.money partnered with Axis Bank to launch a new co-branded credit card, offering 3% cashback on UPI QR code transactions via their app and 1% on other spending, with no annual fees. The RuPay-backed card targets everyday retail rather than large merchants. Aimed at existing credit users, the card is both digital and physical, and supports super.money’s profitable strategy without needing fresh fundraising until 2026.
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