IndusInd Bank ties up with American Express to launch credit card for affluent customers

IndusInd Bank has joined hands with American Express to unveil IndusInd Bank Iconia American Express Card for its rich customers.
Card Benefits
The card offers its customers reward points and lifestyle benefits such as golf, entertainment, travel and dining.
Subscribers of the card will get a reward of 1.5 point on weekdays and of 2 points on the weekends on every Rs 100 they spend. These points can then be redeemed for cash credit at full value, i.e, a rupee for each reward point and for partner air miles.
IndusInd Bank ventured into the credit card sector after acquiring Deutsche Bank’s loss making credit card business from its Indian operations in 2011.

Month: Current Affairs - June, 2013