India's State Bank To Issue Cobranded Card With SpiceJet

Published October 29, 2009, 1:00 a.m. EDT

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Updated October 29, 2009, 12:00 a.m. EDT

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SpiceJet has signed a deal with the State Bank of India to issue a new cobranded credit card, a spokesperson for the India-based airline tells CardLine Global. Consumers receive a free SpiceJet ticket when they are approved for the MasterCard-branded card. Cardholders also receive 7.5% of each sale back as a reward toward more airline tickets, the spokesperson says. The card carries an annual fee of 250 rupees (US$5.30 or 3.60 euros). In India, Citibank and Jet Airways already issue a cobranded credit card.

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