ICICI Bank launches business credit card

ICICI Bank launches business credit card with Jet Airways

Question: Which of the following Bank has launched business credit card in association with Jet Airways for small and mid-sized enterprises (SMEs) and their employees?
(a) ICICI Bank
(b) HDFC Bank
(c) IDBI Bank
(d) SBI Bank
Ans: (a)
Related facts:

  • On 12 May 2016; ICICI Bank launched the country’s first contactless business credit card in association with Jet Airways for small and mid-sized enterprises (SMEs) and their employees.
  • This co-branded credit card named as ‘Jet Airways ICICI Bank Business Advantage Card’ will help customers to save on their business expenses.
  • It will also provide customers opportunities to earn JP Miles on both spends as well as repayments of credit card on a list of business expense categories, including travel, dining, office stationery, online advertising and vendor payments.
  • This card is powered by the ‘VISA pay Wave’ 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.
  • 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.

Reference:
http://www.thehindubusinessline.com/money-and-banking/icici-bank-launches-cobranded-contactless-business-credit-card-with-jet-airways/article8589765.ece
http://www.financialexpress.com/article/companies/icici-bank-launches-contactless-credit-card-with-jet-airways-for-smes/253792/