On July 28, the State Bank of India (SBI) and Indian Railway Catering and Tourism Corporation Ltd (IRCTC) launched the IRCTC-SBI Card on RuPay platform.
Read on to find out more about this card…
Key Features of the IRCTC-SBI Card on RuPay Platform:
The IRCTC-SBI card is designed to reward frequent Indian Railway travellers with maximum savings proposition on their travel coupled with superior benefits on retail, dining and entertainment, and transaction fee waivers.
- 10% value back on AC1, AC2, AC3, AC CC bookings made at IRCTC website.
- 1% transaction fee waiver
- 1% fuel surcharge waiver
- 350 Bonus Reward Points upon card activation.
- Redemption of reward points against free tickets on IRCTC website.
- Near Field Communication (NFC) technology- allows the cardholders to make secure, convenient and faster transactions, exchange digital content by simply tapping their cards at a secure reader.
- Attractive discounts on e-commerce websites ranging from wellness to entertainment like BigBasket, OXXY, foodfortravel.in, Ajio, etc.
RuPay offers exciting benefits on e-commerce websites and welcoming benefits as well to the customers.
SBI’s Venture To Expand Its Card Portfolio!
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, Managing Director and 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.”
This launch signifies the expansion of the SBI Cards portfolio on the RuPay network.
What Does IRCTC Have To Say?
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% 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.”
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