New Delhi: Federal Bank has launched its credit card in the Indian market. The private sector lender has partnered with global card network Visa to issue credit cards to its existing customers.
Federal Bank has launched three variants of the new credit card – Celesta, Imperio and Signet. All the three variants offer various benefits to the customers. Each card caters to a different group of customers.
For example, the Celesta Card would be more suitable for High Net Worth Individuals (HNIs). The Imperio Card, on the other hand, is targeted at family-oriented customers, while the Signet will be targeted at young professionals.
The private sector reported that the launch of the credit card aligns with its strategy to improve its unsecured, yet high-yield book. It also suits suite of banking products, the bank said.
Federal Bank said in a statement, “To equip customers with the best in the industry, the Bank will offer them credit cards with a minimum Annual Percentage Rate (APR) – dynamic APR ranging from 0.49% per month (5.88% per annum) will begin.)”
Shyam Srinivasan, Managing Director and CEO, Federal Bank said, “Our credit card is fully digital with a three-click application approach that will make the card immediately available for use on FedMobile, our mobile banking application. We can take the digital leap and provide consumers the convenience they have come to expect. We are delighted to introduce our credit card to customers in partnership with Visa. Also read: Top 5 Affordable Electric Cars Available in India: Check Price, Range and Specifications
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slot.addService(googletag.pubads());
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var nxti_2 = 9;
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