Co-branded Credit Cards : What Are Their Advantages?

What are co-branded credit cards?

Co-branded credit cards are credit cards which might be supplied with the aid of banks and credit card corporations through a partnership or tie-up with a particular brand. Those cards provide special discounts, cash back offers, reward points, etc. For brand purchases. You could also use them for any other on line or offline purchases like regular credit cards. However, you may not get any rewards for the purchases made outside the brand. Amazon icici credit card, axis bank Vistara infinite credit card, irctc sbi card premier, and so on. Are a number of the popular examples of co-branded credit score cards.

There are a plethora of co-branded credit cards you can pick out from primarily based in your requirements and way of life. Most famed traders, right from grocery stores like large basket to airways like vistara, provide co-branded credit cards through credit card companies to provide special discounts to their regular clients.

What are the advantages of co-branded credit cards over regular credit cards?

If you are a common customer of a selected brand, the co-branded credit card of that specific brand can be beneficial to you in lots of methods. Right here are the key benefits of co-branded credit cards over normal cards:

1. Loyalty advantages:

The important benefit of the usage of a co-branded credit card is the loyalty benefits provided by them. It is a unique manner for brands and credit card companies to praise their loyal clients. You are rewarded with loyalty factors for each buy you’re making thru the co-branded credit card. You may use those reward factors to avail cut price in your subsequent buy or accumulate sure points to claim them for a bigger discount. For instance, if you are a common flyer and like a selected airline, it is a good concept to choose an air miles credit card of that airline. With the aid of reserving your flights via it, you can earn miles which can be used to get a discount in your subsequent flight booking.

2. Other rewards:

Aside from loyalty factors, the excessive-quit co-branded credit cards also provide different associated blessings. For example, if you have an air miles credit card, apart from the miles, you furthermore may get different advantages, such as a positive quantity of free airport lounge accesses thru a priority pass, gives on resorts and restaurants, and so on. However, earlier than opting for a co-branded credit card, it is  advisable to test with the credit card provider about the benefits provided to them as such benefits are in general provided on high-end co-branded credit cards that might charge excessive annual prices.

3. Welcome offers:

Similar to normal credit cards, many co-branded credit cards offer numerous welcome advantages. You may get cut price coupons, welcome points, conditional praise factors (as an instance, double loyalty factors on spending rs 50,000 inside the first 3 months of receiving the cardboard), e-gift vouchers, and so forth.

4. International acceptance:

The co-branded credit cards can be used at any outlet of the brand global and your credit card bill is generated in inr. This could be a fantastic benefit for common international travelers as they do not must fear approximately forex conversion and definitely swipe the cardboard.

5. Customised cards:

Co-branded credit cards are genuinely customised credit cards as you may pick the card primarily based on your way of life and necessities. Furthermore, you may additionally set a normal spending restriction, global spending restriction, activate or deactivate worldwide usage, and so on. To customise the card as consistent with your utilization.

6. Freebies and gifts:

Apart from the loyalty points, many co-branded credit cards additionally provide freebies/gifts on spending a specific quantity for a unique period.

7. Charge waivers:

Most co-branded credit cards do not charge joining fees and annual prices to the cardholders or provide to waive them on spending a specified amount every year. But, some high-end credit cards may price becoming a member of and/or costs as according to the terms and conditions of the credit card.