On December 17, 2020 IndusInd Bank in partnership with Mastercard launched its 1st metal credit card, ‘Pioneer Heritage Credit Card’. This Contactless Credit Card is designed to meet the needs of High-Net-Worth-Individuals (HNWIs), especially of the affluent Indian professionals and entrepreneurs.
- This card is a part of the Mastercard’s ‘World Elite’ platform that offers privileges to complement the lifestyle of HNI cardholders.
- IndusInd bank with this launch has joined the few other banks globally that offer a metal credit card.
Key Benefits of ‘Pioneer Heritage Credit Card’
Insurance
It offers a complimentary personal air accident cover of Rs 2.5 crores and insurance cover for a sum up to the credit limit on the card.
It also offers Lost baggage insurance of Rs 1 lakh and Loss of travel document insurance of Rs 75,000
Travel
The cardholders can avail unlimited complimentary in international and domestic airport lounges.
Other Benefits
If the cardholder meets the minimum spend limit of Rs 10 lakh or more during the period, the annual fee of the card will be waived off.
The cardholders can get access to Unlimited complimentary golf games and lessons at select golf courses in India.
Key Info
IndusInd Bank launched PIONEER Banking, its wealth management platform in January 2020 for the high net worth customers.
Statistics regarding Millionaires in India
India has more than a million millionaires, this number is increasing every year by 12-13%
Recent Related News:
On November 16, 2020 Stashfin has partnered with Visa to launch co-branded prepaid cards with credit lines. The credit line card can be used at physical merchant locations and ATMs(Automated Teller Machines) as well as in Visa- accepted online modes.
About IndusInd Bank:
Managing Director(MD)& Chief Executive Officer(CEO)– Sumant Kathpalia
Chairman– Mr. Arun Tiwari
Established– 1994
HeadOffice– Mumbai, Maharashtra
Tagline-We Make You Feel Richer
About Mastercard:
Headquarters – New York, United States
President and CEO-Elect– Michael Miebach
CEO– Ajay Banga(Michael Miebach will take over as CEO by January, 2021)
