Axis Bank and Vistara have launched co-branded forex card – Axis Bank Club Vistara Forex Card.
The card aims to facilitate cashless and hassle-free travel while also earning Club Vistara points on spends.
The card offers unique benefits such as the option of loading up to 16 currencies on a single card, locked-in exchange rates and accruing three CV points on every US$ 5 (or equivalent value) spent. Customers also get awarded 500 CV points as a welcome bonus on signing up.
The card proposition offers a complimentary base membership to Club Vistara frequent flyer programme. The earned Club Vistara points can be redeemed for award flights starting at 2000 CV points and upgrade awards starting at 500 CV points.
The reward structure of this card is designed to offer flexibility and safety to the customer. They can choose to retain balance on the card, convert it to another currency for their next holiday or encash the amount.
The card also provides emergency assistance services from Tripassist.
Ravi Narayanan, president and head Branch Banking, Retail Liabilities and Products, Axis Bank, said:
“We are happy to collaborate with Vistara to launch the Axis Bank Club Vistara Forex Card, aimed at providing the Indian globetrotter a host of privileges with a truly rewarding experience. One can shop and dine globally without worrying about high exchange rates and transaction charges, and also earn Club Vistara points on the same. We are confident that this forex card with a host of benefits will be a valuable addition to our growing portfolio of products and an attractive proposition for customers.”
Vistara’s chief commercial officer, Vinod Kannan said:
“We are delighted about strengthening our strategic partnership with Axis Bank which enables our customers to travel cashless and totally stress-free. We are also proud to be the first Indian airline to offer a co-branded forex card. It is also in line with our broader strategy of forging more partnerships with like-minded brands to offer maximum choice and convenience to our customers.”