Axis Bank, Vistara to launch travel credit card

Private lender Axis Bank today said it has joined hands with Tata-SIA joint venture airline Vistara to launch a travel credit card next year under a strategic partnership.

The co-branded travel credit card, to be unveiled early next year, will offer a host of privileges and benefits to the business and leisure travellers of Vistara, Axis Bank said in a release today.

"The card will be unveiled early next year. The Axis Bank Vistara co-branded credit card will provide preferred privileges and benefits for business and leisure travellers under the carrier's Club Vistara frequent flyer program," it said.

The country's third full service airline after national carrier Air India and Naresh Goyal-promoted Jet Airways, Vistara last month for the first time breached the one lakh passengers mark since its launch in January this year.

Vistara, is a joint venture between Tata Sons Limited and Singapore Airlines Limited (SIA) with Tata Sons holding the majority stake of 51% in the company and SIA holding the remaining 49%.

"It is our constant endeavour to offer financial solutions that excel in customer delivery. Travel is a key spend category for customers and is growing at a rapid pace. We are delighted to announce our partnership with Vistara which will help us further strengthen our travel product suite with a compelling proposition," Axis Bank Managing Director and Chief Executive Officer Shikha Sharma said in the release.

The personalised benefits from the co-branded credit card offering will be tiered depending on the frequency of one's travel, starting with the base card for occasional traveller to a the super-premium credit card for frequent flyers, the release said.

The partnership will help customers avail an array of lifestyle privileges, earn Club Vistara points and avail complimentary award flight tickets faster, it said.

"We have long recognized that our frequent travellers need a credit card that offers them attractive opportunities to earn points and is widely accepted during their travel across the country. The Axis Bank Vistara Credit Card is yet another step by Vistara towards creating a world class travel experience. We are proud to partner with Axis Bank (for launch of the co-branded card)," Vistara Chief Executive Officer Phee Teik Yeoh said.

Axis Bank