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Forex: Axis Bank, Vistara launch co-branded foreign exchange card

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NEW DELHI: Vistara and Axis Bank on Tuesday launched a co-branded foreign exchange card that may load as much as 16 currencies.

The card has locked-in alternate charges and the cardboard holder will accrue three award factors on Club Vistara for each USD 5 or an equal worth spent, the airline stated in a launch.

Club Vistara (CV) is the airline’s frequent flyer program.

“Customers additionally get awarded 500 CV factors as a Welcome Bonus on signing up (for the foreign exchange card),” it stated.

The foreign exchange card can load as much as 16 currencies and has varied emergency help providers like lack of passport help by way of TripAssist and insurance coverage cowl of as much as Rs three lakh, the discharge added.

Vistara’s Chief Commercial Officer Vinod Kannan stated, “We are 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.”

Ravi Narayanan, President and Head Branch Banking, Retail Liabilities and Products, Axis Bank, stated, “One can shop and dine globally without worrying about high exchange rates and transaction charges, and also earn Club Vistara Points on the same.”

He expressed confidence that the foreign exchange card shall be a useful addition to the financial institution’s rising portfolio of merchandise and a gorgeous proposition for patrons.

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