The private sector lender, Axis Bank introduced a new co-branded credit card targeting only affluent customers.
The credit card holders can avail discount of 20 basis points on home loans from the bank with a 50 per cent concession on processing charges.
Also, the card holders will be given reward points which can be redeemed with Miles & More's partners across sectors such as flights, hotels, resorts, car rentals and retail stores among others.
The credit card is available in two variants, World Select and World with a joining fee of Rs 10,000 and Rs 3,500 respectively. The annual fee on World Select and World cards is Rs 4,500 and Rs 3,500, respectively.
It also combines insurance and travel benefits for international frequent flyers and gets them access to Lufthansa and other member airlines' programs.