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Source: The Hindu BusinessLine

The Hindu BusinessLine
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Banking Sector
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1 min
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07 Sept
Published
Banking Sector
1 min read· The Hindu BusinessLine

Bandhan Bank launches credit cards with Mastercard partnership

Bandhan Bank has entered the credit card business through a partnership with Mastercard. Its launch portfolio has four tiers.

The bank launched the business on Monday, marking its entry into credit cards. The announcement identifies Mastercard as its partner, but the supplied report offers only a brief account of the launch rather than a detailed guide to the products.

The four-tier structure is the main product detail available. The report does not name the cards or explain how the tiers differ. It also does not state which customer groups each tier is intended for, so the portfolio cannot yet be compared meaningfully on the information provided.

For customers considering an application, several practical details remain unstated in the report: eligibility conditions, joining and annual fees, interest charges, rewards and credit limits. Application channels and the availability of the cards are also not specified. That leaves the announcement as confirmation of the launch, not enough information to judge which card might suit a particular customer.

The Mastercard partnership is confirmed, but the report does not describe the responsibilities of either organisation. It also gives no information about branch-level processes or staff involvement in the new business.

Source: The Hindu BusinessLine