Indias ICICI Bank, Kingfisher Airlines Launch Cobranded Credit Card

Published September 17, 2010, 3:44 p.m. EDT

|

Updated September 17, 2010, 2:44 p.m. EDT

1 Min Read

India’s ICICI Bank Ltd. has reached an agreement with Kingfisher Airlines Ltd. to launch a cobranded credit card, the Mumbai-based airline announced Sept. 15.

Processing Content

The MasterCard-branded card is available now in three variants–World, Platinum and Titanium, the airline noted in a statement. The bank and airline are charging no application or annual fees for the credit card.

Kingfisher automatically will enroll approved card applicants in King Club, the airline’s frequent-flyer program, and give them 10,000 bonus King Miles. Cardholders also may earn up to 27 air miles for every 200 rupees (US$4.32 or 3.32 euros) they spend on the card they can redeem for free Kingfisher flight tickets and upgrade vouchers.

ICICI Bank is India’s second-largest credit card issuer after state-owned State Bank of India Ltd. Kingfisher is India’s largest airlines based on number of passengers carried.

What do you think about this? Send us your feedback. Click Here.

For reprint and licensing requests for this article, click here.

MORE FROM AMERICAN BANKER

Industry News

Bankruptcy filings were up 11.9% in last 12 months

Bankruptcy filings rose 11.9% during the past 12 months, according to statistics from the Administrative Office of the U.S. Courts; JPMorganChase named Jerry Lee and Nick Richitt as global co-heads of health care investment banking; Goldman Sachs appointed Akila Raman as global head of its private and alternatives capital markets business; and more in this week's banking news roundup.

By Traci Parks
Copy editor, American Banker

April 24
M&A

Adyen to buy German loyalty platform in first-ever acquisition

The all-cash, 750 million euro deal to buy Talon.One marks a notable shift from the fintech's M&A strategy that has historically favored build versus buy.

By Joey Pizzolato
Reporter

April 24
Earnings

Flagstar pares back earnings outlook amid elevated CRE payoffs

The Long Island-based regional bank, which has been in turnaround mode for two years, reduced its earnings per share guidance for 2026 and 2027. It cited an expected decrease in net interest income due to higher levels of payoffs and paydowns in commercial real estate.

By Allissa Kline
Reporter

April 24
Regulation and compliance

Regulators reduce leverage ratio for community banks

The Federal Deposit Insurance Corp., Federal Reserve and Office of the Comptroller of the Currency Thursday finalized a rule lowering the community bank leverage ratio from 9% to 8% as well as extending compliance deadlines.

By Ebrima Santos Sanneh
Reporter

April 24
Trump administration

Justice Department to drop Powell investigation

U.S. Attorney for the District of Columbia Jeanine Pirro said in a social media post Friday morning that the Justice Department is closing its investigation into Federal Reserve Chair Jerome Powell, clearing a path for Kevin Warsh to be confirmed as Powell's replacement.

By Claire Williams
Reporter

April 24
Artificial intelligence

Bankers say they're AI fluent, but measurement is 'ad hoc'

Only 16% of 206 banking pros rated their institution "high" or "very high" — and most of those ratings rest on no formal measurement.

By Carter Pape
Technology Reporter

April 24

Load More