July 21, 2006
Standard Chartered Bank unveils lifetime cash back card
Standard Chartered Bank in association with MasterCard Worldwide has launched Supervalue Titanium MasterCard credit card that offers a lifetime cash-back at a flat rate of 5% as a permanent feature.
The card offers 5% cash back at all petrol pumps and from telecom service providers in India, 1% cash back on purchases, a lifetime cash-back offer, free airport lounge access at all Clipper lounges across the country. That apart initially there would be a promotional offer of a discount of 15% on full fares on all domestic flights of Indian Airlines and Alliance Air and a discount of 5% on easy fares and super saver tickets from 1st July 2006 to 20th September 2006.
Commenting on the launch Murali Natarajan, Regional Head - Consumer Banking, Standard Chartered Bank, India and Nepal said, “We have ensured a tangible benefit rather than reward points, through the simple value delivery mechanism offered in the ‘Super Value Titanium’ card.”
The Titanium Program targets affluent cardholders and would be launched in Delhi, Kolkatta, Chennai, Bangalore, Hyderabad, Ahmedabad and Pune also and would then expand its reach to the rest of India