Reliance Money announced to launch a multi-currency card that would offer facility of purchasing goods and services. It would be Visa enabled point-of-sale terminals and ATMs also globally.

It is Reliance Money Travel Currency Card. It has been launched in collaboration with Citibank. Reliance Money Travel Currency Card will target overseas travelers.

In a statement Reliance Money said to Economic Times, “Issued by Citibank, the card offers all the conveniences of plastic money by allowing customers to purchase goods and services by swiping the card over 13.5 million Visa enabled point-of-sale terminals worldwide and 900,000 Visa ATMs across the world.”

According to Reliance Money the Travel Currency Card would be for multi use – prepaid ATM access & point-of-sale-enabled card, loadable in US dollar, Euro and British pound.

CEO of Reliance money said to ET about it, “We plan to use our wide distribution network of over 10,000 outlets across 5,000 cities and towns in India to reach out to both retail and corporate clients.”

On this occasion Sandeep Bhalla who is the Business Manager (Cards) of Citibank India said, “This form of payment method provides ease of use, removes hassles of cashing traveler cheques and gives access to funds, anytime and anywhere.”

Already a month before Standard Chartered bank had launched a new credit card which will be known as SmartTravel FX. The card was also a gold pre-paid travel card with payment option of making payment in US dollar, Euro and Sterling Pound.

In credit cards industry Travel Currency Card is same like as SmartTravel FX. These credit cards will attract customers by their benefits and features. Reliance Money has entered with this card as a big competitor of Standard Chartered bank.

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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.

There are many banks which provide good and attractive credit cards to people. The Standard Chartered credit cards have got unique features which really cater to the needs of their users. One can save much on his monthly budget.

The habit of carrying cash and going out for shopping is soon going to disappear. It has been predicted by many financial experts all around the globe. Today, most of the people in various developed and developing countries like to do shopping with the help of credit cards.

There are multiple benefits related to the usage of credit cards. In India also there are many credit card users. In the very beginning when these cards were completely new in the Indian financial market almost everybody were sceptic about their usage. However, the contemporary scenario turned out to be really surprising as these days the number of credit card users are quite surprisingly very high.

Modern people have become very intelligent as they know which credit cards they need to choose. Now many of them keep multiple cards of various banks and whenever they come across an attractive offer in malls or shopping outlet they prefer to use those particular cards which can offer them maximum profits. The Standard Chartered credit cards are very much popular when it comes to giving maximum profits to their card users.

Various types of credit cards are offered by Standard Chartered Bank and each of these cards come with their own respective features. If one uses these credit cards in various shopping outlets then he or she can also win reward points. Later on, these reward points help him in getting cash back or availing discounts on shopping of various items.

The Standard Chartered credit cards also offer great discounts while booking railway and air tickets. So, now you can save much of your expenses whenever you plan to travel. If you are going for a vacation with your whole family then the usage of these cards would let you have attractive discounts on air or train tickets.

If the weekends are approaching then with these cards you can book PVR tickets for your whole family. It is sure that you would get free PVR tickets according to various offers. No need of standing in a long queue for getting the tickets of your favourite movies. You can opt for internet booking which would let you book tickets in advance at a great discounts.

Most of the Standard Chartered credit cards have 50 days interest free credit period. Do not worry if your monthly salary gets delayed or if you run out of money in the end of the month. These cards have got good credit limits which you can use to meet all your day to day expenses. Every month you will get the credit card statement and then you can drop a cheque to pay off the monthly credit card bills. A few names of the Standard Chartered credit cards are : StanChart Manhattan Platinum Card, Standard Chartered Platinum Card, Standard Chartered Emirate Platinum Card etc.