NEWS & ADVICE : CREDIT CARDS
Citibank exits co-branding agreement with Jet Airways
By Ankit Sharma
May 23, 2012
Print    Email    RSS   

Foreign lender Citibank has decided to end its partnership with leading private airliner-the Jet Airways in its credit card business. The change in customer preferences has been cited as the reasons for the move.

The bank will however continue is Shoppers Stop and Indian Oil Corporation co branded cards. The existing customers would however get support till July 15, 2012.

The bank will be releasing its Citibank PremierMiles Credit Card, which will enable customers to earn and redeem miles on 7 domestic airlines; the card will cover over 100 global players.

The new trend in the airlines industry has seen an increase in domestic travel over international, and also the customers' preference to low cost carriers. With as much as 50% travel coming through low cost carriers.

Citibank Jet Airways existing customers would have transfer benefits, with 10,000 free premium miles in addition to their existing PremierMiles.

Jet Airways has its own plans to venture into frequent flyer card, which according to a spokesperson, "JetPrivilege will enable its members to earn and redeem JPMiles to over 600 worldwide destinations."


 


(Comments Posted : 0) Post Your Comments
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
Virtual Credit Card- Know all about it!!
Understand Your Credit Card Statement
Importance of reviewing your credit report
Cobranded debit cards: How good are they?
Prevent your debit and credit card from...


Good Morning, i forgot my FCMB Account Number and...
Radhey@09646870399 @Escoℛts In#Chandigarh...
Radhey@09646870399 @Escoℛt In#Chandigarh...

NEWS THIS WEEK
91st Founders day of the Karnataka Bank Feb 18, 2015
Banks on strike from 25th February Feb 16, 2015
SBT bank postponed the Open House meet Feb 13, 2015
Yes bank planning to line up for credit card portfolio Feb 12, 2015
Pocket banking – new app by ICICI bank Feb 11, 2015
News Archive