Bandhan Bank & Mastercard Launches Credit Card Business with Four-Tier Portfolio

Key facts

• Bandhan Bank has entered the credit card segment with the launch of four card variants in partnership with Mastercard.
• The credit card variants are Sparks, Ignite, Flare and Lumina, aimed at different spending and customer segments.
• The cards offer rewards and benefits across categories such as grocery, apparel, travel, dining, entertainment and international spending.
• Customers can apply for the cards through a digital-first process, online, or through Bandhan Bank branches, with card servicing available online.
• The Sparks card offers accelerated rewards on grocery and apparel spends, a welcome reward, domestic airport lounge access, BookMyShow offers, fuel surcharge waiver and EMI cashback benefits.
• The Ignite card provides accelerated rewards on grocery and travel spends, welcome and milestone rewards, domestic and international airport lounge access and EazyDiner benefits.
• The Flare card is positioned as a travel-focused offering with an Amazon Pay voucher as a welcome benefit, domestic and international airport lounge access, BookMyShow and EazyDiner benefits, and golf privileges.
• The Lumina card is the premium variant, offering rewards on international spends, an Oberoi gift voucher as a welcome benefit, domestic and international lounge access, concierge and airport meet-and-greet services, along with BookMyShow, EazyDiner and golf benefits.
• The credit card launch is part of Bandhan Bank's expansion into a wider range of banking products.
• Bandhan Bank currently has more than 6,400 banking outlets across 35 states and Union Territories and serves over 3.2 crore customers.