After the RBI’s ban was lifted, to acquire more customers, HDFC bank has been actively refreshing old cards like Infinia, Millennia & Moneyback and launching several co-branded credit cards. The Bank has already launched Paytm Co-branded cards at the end of last year and has also announced the launching of new cards in partnership with Equitas Small Finance Bank. To enhance its portfolio of co-branded credit cards, HDFC Bank has now partnered with one of the major online shopping websites, Flipkart, to launch the Flipkart Wholesale HDFC Bank Credit Card. Keep reading the article to know more:
HDFC Bank to Launch Co-Branded Credit Card With Flipkart Wholesale
The Flipkart Wholesale HDFC Bank Credit Card, which is going to be launched by the HDFC Bank, is targeted at MSMEs, who purchase via Flipkart Wholesale. This card will charge a nominal annual membership fee of Rs. 499 that can be waived off if the cardholder achieves an annual spend of Rs. 3 lakhs or more in the previous year. It will be offering a great reward rate to the cardholders, especially on the purchases made on Flipkart wholesale.
Other than this, the HDFC bank is also planning to launch a few more co-branded credit cards which are as follows:
– Retailio HDFC Bank Credit Card with an annual fee of Rs. 499.
– Pine Labs HDFC Bank Credit Card with an annual fee of Rs. 499.
– Pine Labs HDFC Bank Pro Credit Card with an annual fee of Rs. 1,000.
It is worth noting that HDFC is partnering with various B2B platforms and targeting MSMEs, like they have recently partnered with Retailio which is India’s biggest B2B Pharma Platform. HDFC Bank also has two credit cards namely, Best Price Save Smart Credit Card and Best Price Save Max Smart Credit Card in partnership with Best Price, which was acquired by Flipkart in 2020 and renamed Flipkart Wholesale. The bank may upgrade the customers of old Best Price cards to this new card.
Much information about the reward rate and benefits of this card is not yet disclosed by the HDFC Bank, but according to the information available, this card would be a cashback card similar to Flipkart Axis Bank Credit Card. We will update the article once the same will be updated on the HDFC Banks or Flipkart Wholesale official website.