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Last Updated : Aug 02, 2020 10:35 AM IST | Source: Moneycontrol.com

SBI Cards, IRCTC launch co-branded contactless credit card on RuPay platform

The card also offers a 1 percent transaction fee waiver and 350 Bonus Reward Points upon card activation. Reward points accumulated on the card can be redeemed against free tickets on IRCTC website.

 
 
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SBI Cards and Indian Railway Catering and Tourism Corporation Ltd (IRCTC) on July 28 launched the IRCTC SBI Card on RuPay platform.

Designed to reward frequent railway travellers, the card offers travellers on Indian Railways maximum savings proposition on their travel, together with benefits on retail, dining and entertainment, besides transaction fee waivers.

Cardholders of IRCTC SBI Card on RuPay platform receive upto 10 percent value back on AC1, AC2, AC3, AC CC bookings made at IRCTC website. The card also offers a 1 percent transaction fee waiver and 350 Bonus Reward Points upon card activation. Reward points accumulated on the card can be redeemed against free tickets on IRCTC website.

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The card is equipped with Near Field Communication (NFC) technology. Customers can simply tap their cards at a secure reader for convenient, secure and faster transactions.

With this launch, SBI Cards has expanded its portfolio on the RuPay network.

Rajnish Kumar, Chairman, State Bank of India, said, “The market of frequent rail travellers in India is vast and there is huge potential for credit cards catering exclusively to the needs of such travellers. IRCTC SBI Card, launched in 2006, is one of the best performing travel products from SBI Card. With the launch of this flagship product onto the indigenous RuPay network, a wider audience will be able to avail of the strong value proposition offered by the card. With this launch, SBI Card once again reaffirms its commitment to bring consumers secure, value added, cashless payment solutions.”

Hardayal Prasad, MD & CEO, SBI Card, “IRCTC SBI Card is one of our flagship offerings and is the only credit card in partnership with IRCTC. We are pleased to partner with RuPay to extend the IRCTC SBI Platinum card on their platform. Packed with compelling benefits and targeted at a vast audience of frequent railway travellers, this card strengthens our portfolio on the RuPay platform. In an environment where social distancing is the new normal, this new contactless card enables consumers to transact safely and securely online, and at POS (point of sale) by using Tap and Pay. Our consistent endeavour is to offer a differentiated and customised experience to diverse cardholder segments and with this launch we now hope to fulfil needs of a larger segment.”

IRCTC SBI Card on RuPay - Front

M.P. Mall, Chairman and Managing Director, IRCTC said, “IRCTC is one of the most widely used travel portals in the country and operates around 72 percent of the reserved train ticket bookings business in India. This partnership with SBI Card adds another feather in our cap with its launch and extends another Co-Branded Credit Card / Loyalty programme on RuPay Platform. It is aligned with our vision to simplify train ticket booking for frequent railway travellers. IRCTC’s biggest strength, i.e., traffic and its loyal customer base, combined with RuPay’s increasing popularity / market share and SBI Card’s Digital capabilities will be a great match and has a huge potential to reach a large segment of cardholders through this tie-up.”

In addition to savings on rail travel, the IRCTC SBI card offers several benefits for online shoppers. Customers can avail attractive discounts while shopping at BigBasket, OXXY, foodfortravel.in, Ajio, etc. From wellness to entertainment, RuPay offers exciting benefits to customers such as 20 percent discount on medicines on Medlife, 25 percent off on Fitternity, Re.1 for 1 Month Hungama Music, Rs. 250 off on Me N Moms, to name a few. RuPay is also offering welcome benefits to its customers like upto 40 percent discount on pathology and 18 percent off on buying medicines from 1Mg, 10 percent fee waiver on any UpGrad course, Rs. 250 off on shopping at The Man Company and 10 percent discount each on Mamaearth and Apollo Pharmacy.

To further provide an all-round shopping experience to the customers RuPay is offering 10 percent discount while shopping at Carlton, Aristocrat, VIP, Skybag and Caprese. RuPay Cardholders will also get upto Rs. 300 off on Myntra, 15 percent discount on Cuemath, 25 percent off on Bata, 10 percent off on ordering in train from Rail Recipe and 50 percent off on All Test Series by Adda247.

Highlights of IRCTC SBI Card on RuPay platform

- Upto 10 percent value back on AC1, AC2, AC3, AC CC bookings made at irctc.co.in

- 1  percent transaction fee waiver on bookings made through IRCTC website

- 350 activation bonus reward points

- Discounts on ecommerce sites such as BigBasket, OXXY, foodfortravel.in, Ajio

- Redemption of reward points on IRCTC website for free tickets

- Tap and pay using contactless card

- 1 percent fuel surcharge waiver
First Published on Jul 28, 2020 01:00 pm
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