SBI Card and IndiGo Form Strategic Partnership, Launch IndiGo SBI Card

SBI Card, India's largest pure-play credit card issuer and IndiGo, India's preferred airline, today launched the 'IndiGo SBI Card', as part of the IndiGo BluChip loyalty program. This premium co-branded credit card has been launched in two variants, IndiGo SBI Card and IndiGo SBI Card ELITE, to offer highly rewarding experience for avid travellers. Customers will earn rewards on all spends made on offerings within IndiGo's ecosystem, and on hotel and travel bookings, among other categories. Customers can enroll for the card digitally via SBI Card SPRINT, by visiting the SBI Card website SBI Card.com, and can also opt to enroll offline by visiting SBI Card retail kiosks.

IndiGo SBI Card unlocks a superior travel experience with an array of thoughtful benefits designed to make every journey more rewarding and seamless.Cardholders can enjoy 7% rewards on spends made using the IndiGo SBI Card ELITE and 3% rewards on spends made using the IndiGo SBI Card, in IndiGo's ecosystem. They can also avail 3% rewards on spends made using the IndiGo SBI Card ELITE and 2% on the IndiGo SBI Card, for hotel and travel bookings on other platforms. IndiGo SBI Card ELITE and IndiGo SBI Card customers also enjoy 2%, and 1 % rewards, respectively, for spends made on all other categories.

Rewards earned on IndiGo SBI Card ELITE and IndiGo SBI Card are more than just points; they serve as a complete travel currency. The rewards are in the form of IndiGo BluChips, credited to the cardholder's IndiGo BluChip account in every statement cycle. Cardholders can redeem them across IndiGo's extensive services including flight bookings, hotel bookings, seat upgrades, meals, and vouchers for services like Fast Forward, among many more. By combining spends with travel privileges, IndiGo SBI Card enables customers to earn up to 29,000 bonus IndiGo BluChips every year.

Speaking on the launch Ms. Salila Pande, MD & CEO, SBI Card said, "At SB! Card, we have observed that travel constitutes an important spend category for our cardholders. With increased exposure, and growing disposable incomes, tech-savvy customers in India are increasingly seeking holistic travel experiences. As a customer-centric organisation, we truly understand the evolving requirements and hence have formed this strategic partnership with IndiGo to launch the IndiGo SBI Card and address such needs. IndiGo SBI Card is a powerful product offering unparalleled benefits, ensuring every journey becomes more rewarding and seamless. We are confident that this premium credit card will be a key part of our strong co-brand card portfolio."

Mr. Pieter Elbers, Chief Executive Officer, IndiGo said: "With JndiGo BluChip, we are constantly exploring ways to enhance the value proposition for our loyal customers. Our partnership with SBI Card is an important step in that journey. This co-branded credit card is designed to bring significant value addition, convenience, and benefits to our frequent flyers, transforming everyday spending into rewarding travel experiences. We are delighted to collaborate with SBI Card to empower our customers with exclusive advantages for their continued patronage."

With an aim to redefine travel experiences, the IndiGo SBI Card offers significant welcome and milestone benefits. Customers will receive up to 5,000 IndiGo BluChips on first year annual fee payment and first transaction. Packed with exclusive milestone benefits, customers can earn 2500 IndiGo BluChips on annual spends starting from Rs. 2 lakh on the IndiGo SBI Card and 6000 IndiGo BluChips on annual spends starting from Rs. 3 lakh on the IndiGo SBI Card ELITE.

Additionally, the co-branded credit card enables customers to avail renewal benefit of 2500 IndiGo BluChips on annual fee payment of IndiGo SBI Card and 5000 IndiGo BluChips and 1 IndiGo 6E Eats voucher on annual fee payment of IndiGo SBI Card ELITE. The credit card offers domestic airport lounge access on both variants and complimentary international airport lounge access on the IndiGo SBI Card ELITE, adding more to the premium experience. The IndiGo SBI Card ELITE also provides travel insurance benefits for flight cancellations, lost credit cards, and lost baggage.

The joining and annual renewal fee of IndiGo SBI Card is Rs. 1,499 plus applicable taxes and that of IndiGo SBI Card ELITE is Rs. 4,999 plus applicable taxes. Both variants of the contactless card are available on Mastercard as well as RuPay payment platforms.

Shares of InterGlobe Aviation Limited was last trading in BSE at Rs. 5689.30 as compared to the previous close of Rs. 5733.75. The total number of shares traded during the day was 8530 in over 2262 trades.

The stock hit an intraday high of Rs. 5755.00 and intraday low of 5662.35. The net turnover during the day was Rs. 48726008.00.

Shares of SBI Cards and Payment Services Limited was last trading in BSE at Rs. 884.00 as compared to the previous close of Rs. 870.10. The total number of shares traded during the day was 39883 in over 1929 trades.

The stock hit an intraday high of Rs. 888.35 and intraday low of 871.00. The net turnover during the day was Rs. 35154946.00.

Source : Equity Bulls

Keywords

InterGlobeAviation INE646L01027 INDIGO Airlines Partnership SBICardsandPaymentServices INE018E01016 IndiGoSBICard