ICICI Bank has announced the launch of the country’s first contactless business credit card in association with Jet Airways, one of India’s premier international airlines, for small and mid-sized enterprises (SMEs) and their employees. Christened ‘Jet Airways ICICI Bank Business Advantage Card’, this co-branded credit card helps customers to save on their business expenses. It also provides customers opportunities to earn JPMiles on both spends as well as repayments on a list of business expense categories including travel, dining, office stationary, online advertising and vendor payments among others.
ICICI Bank is the first bank globally to offer a dual advantage reward programme on the spends and repayments of the credit card. This card is powered by the ‘VISA payWave’ contactless technology that enables the cardholder to make payments by simply tapping the card at contactless enabled terminals in more than 48 countries including India. The card can also be used by dipping or swiping at non-contactless merchants.
Speaking about the launch, Rajiv Sabharwal, Executive Director, ICICI Bank said, “We are delighted to partner with Jet Airways and Visa to introduce the country’s first contactless business credit card. This collaboration further underscores our commitment to provide SMBs with solutions that will help them to scale up swiftly. The co-branded card is yet another compelling proposition that offers upfront savings on business spends, along with a first of its kind benefit of offering rewards on both spends and repayments on a large list of business expense categories. Additionally, the card also gives a complimentary access to Visa’s expense management tool allowing entrepreneurs to keep track of all business related spends. Keeping in view the host of benefits on offer, we believe that this card will empower smaller businesses to maximize their business potential and propel them to expand to newer horizons.”
Additionally, the card offers a complimentary access to a unique expense management tool, ‘Visa IntelliLink for Small Businesses’ (VISB) giving entrepreneurs a new level of insight and control over their spends.
Gaurang Shetty, Whole-time Director, Jet Airways said, “The new Jet Airways ICICI Bank Business Advantage Card is yet another step by Jet Airways towards creating a world class guest experience by offering a product that appeals to the needs of the SME segment. We are delighted to bring to our guests these unique co-brand card propositions. This co-brand business card will provide superior guest experience thus enabling us to deepen our relationship with our existing guests. The co-brand card is thus, an important milestone in partnership with ICICI Bank and highlights the quality of collaboration between the two partners.”
