Last month, many banks had announced to launch credit cards by open a fixed deposit. Now, this month Standard Chartered bank has announced to launch a new credit card which will be known as SmartTravel FX. The credit card will be gold pre-paid travel card which will offer an option of making payment in US dollar, Euro and Sterling Pound.

Sai Narain who is the general manager of Standard Chartered’s from Consumer Transaction Banking said with Economic Times, “the new SmartTravel FX card combines extraordinary convenience with safety. The currencies in which the card is denominated are universally accepted, which makes the card valid across most countries Indians travel to.”

The card will offer pre-loaded subjects limits by Reserve Bank of India for international traveling. The credit card specially will fulfill the need of traveling across the world with the easiest option of currencies transaction.

On the other hand LIC announced to launch its own credit card this month. According to the B R Bhat who is the General Manager of Corporation Bank said that the date is not decided to launch but the LIC credit card will be launched soon.

The credit card was pre-decided to launch in January but due to some formalities completion it is taking some time. With the white-labelled credit card LIC has tied-up with Karnataka-based Corporation Bank.

Forms and contents have not been revealed of LIC’s credit card but it seems that the card will be for all purposes like other cards. However, SmartTravel FX has been launched with well decision by Standard Chartered bank.

In the credit cards market there are many option now to explore the growth rate so, big companies like LIC, Reliance etc. are coming with new offer for their customers. No doubt, LIC will get succeed in this industries also because it has own loyal customers and employees to use that.

Advertisements