Indigo and IDFC First Bank launch co-branded credit card: Check the benefits
India's largest airline Indigo joined hands with IDFC First Bank to launch a co-branded credit card. It is harnessing the wide networks of both Mastercard and RuPay to offer a wide array of benefits to the user.
Kolkata: The country's largest airline, Indigo, and IDFC First Bank has launched a co-branded credit card called the IndiGo IDFC First Credit Card. A co-branded credit card is a card that is issued by a business in partnership with a credit card issuer such as a bank. This card, according to the announcement, is harnessing the strength of the networks of Mastercard and RuPay.
While the combined strengths of the two networks will result in a wide acceptance, this card is designed to bestow lifestyle privilege to the user who travels frequently. It will also involve low forex markup and carry rewards for IndiGo flight bookings and milestone spends. There will also be some trip cancellation cover, and rewards on IndiGo flight bookings, milestone spends, and everyday purchases.
Travel benefits
"It is our endeavor to continuously enhance the value proposition of IndiGo BluChip for our loyal customers, making this relationship a rewarding experience for them. We are delighted to offer co-branded credit cards to our customers that enable them to convert their everyday expenses into BluChips and enjoy travel benefits on our ever-growing network,” Neetan Chopra, chief information & digital officer, IndiGo was quoted as saying.
"Regardless of credit history"
"With this credit card, we are making premium travel accessible to all — not just a few. This is more than just a credit card; it’s a bold step toward democratizing travel and financial empowerment by allowing every Indian — regardless of credit history — to own the same world-class product, through a flexible application journey that includes both traditional and Fixed Deposit-backed access,” said Shirish Bhandari, head — credit cards, tolls & transit and loyalty, IDFC First Bank.
"Travel today is about more than just getting from one place to another — it’s about comfort, convenience, and value throughout the journey. From easy bookings and rewarding spends to travel insurance and lifestyle perks, this card is designed to make travel simpler, more enjoyable, and financially smarter for consumers across segments,” Anubhav Gupta, senior vice president, business development, South Asia at Mastercard was quoted as saying.
Rajeeth Pillai, chief relationship management, NPCI said: "The card’s UPI-enabled functionality allows users to link their RuPay credit card to a UPI ID, enabling seamless and secure transactions. It also works seamlessly across POS and e-commerce platforms, offering users flexibility and wider acceptance.”
IDFC First Bank's recent UPI-enabled expansion abroad
IDFC First Bank is expanding its services aggressively recently. Recently, it offered NRIs the conspicuous benefit of making digital payments in India using their international SIM cards, thus obviating the need for them to use Indian SIM cards. IDFC First Bank authorities have said that this service will be available to anyone maintaining an NRE (Non-Resident External) or NRO (Non-Resident Ordinary) account with them. After the numbers are verified by the bank’s app/branch, any customer can use UPI-enabled app to make transactions just like Indians inside the country. This service is available in the US, the UK, the UAE, Canada, Australia, and Singapore and will soon be expanded to other countries with a big NRI presence.