Current Affairs PDF

Axis Bank in Partnership with Vistara, Launched Industry 1st Co-Branded Forex Card, ‘Axis Bank Club Vistara Forex Card’

AffairsCloud YouTube Channel - Click Here

AffairsCloud APP Click Here

Axis Bank, Vistara launch co-branded forex cardOn October 6, 2020 Axis Bank Ltd in partnership with Vistara, India’s full service carrier launched a Co-Branded Forex Card, ‘Axis Bank Club Vistara Forex Card’ to cater the needs of international travellers. This is the 1st-ever collaboration by a bank and an Indian airline for a co-branded forex card. The multi currency forex card enables customers to travel to international destinations in a cashless and hassle free manner.

Points to be Noted

The card has the option to load upto 16 currencies on a single card and has locked-in exchange rates, also known as Fixed Exchange Rates.

Benefits of ‘Axis Bank Club Vistara Forex Card’ 

CV Points

Cardholders on spending every USD 5 (or equivalent value), can accrue 3 CV points. Customers on signing up are awarded  500 CV Points as a Welcome Bonus.

Membership to Club Vistara & Club Vistara Points

i.Card’s proposition offers a complimentary Base membership to Club Vistara, fastest rewarding frequent flyer program of India, that offers four tiers of membership – CV Base, CV Silver, CV Gold, and CV Platinum

ii.The Club Vistara Points that are earned can be redeemed for award flights that start at 2000 CV points and upgrade awards starting at 500 CV Points.

Note– Currently, the customers can redeem points in Singapore Airlines, Japan Airlines, Silk Air and United Airlines.

Convert to another currency

Customers can keep the balance on the card, convert it to another currency for the next holiday, or encash the amount.

Recent Related News:

On July 28, 2020 Indian Railway Catering and Tourism Corporation Limited(IRCTC) and SBI Card launched a co- branded contactless credit card, IRCTC -SBI Platinum Card on RuPay Platform to reward the frequent railway(train) travellers. The card is equipped with Near Field Communication (NFC) technology by which users can facilitate their transactions at the point of sale(POS) machines by Tap and Pay Option. This enables consumers to transact safely and securely online.

About Vistara:

It is a joint venture of Tata Sons Private Limited and Singapore Airlines Limited (SIA). The company is registered as TATA SIA Airlines Limited.
HeadQuarters– Gurgaon, Haryana
Chief Executive Officer(CEO)– Mr. Leslie Thng

About Axis Bank Ltd:

HeadQuarters– Mumbai, Maharashtra
Managing Director(MD) and Chief Executive Officer(CEO) – Amitabh Chaudhry