CURRENT AFFAIRS

2019

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Along with which bank, Life Insurance Corporation of India Credit Cards Services launched a co-branded credit card?
A
Axis Bank
B
IDBI Bank
C
Yes Bank
D
Kotak Mahindra Bank
Explanation: 

Detailed explanation-1: -LIC CSL IDBI Bank Credit Cards opens the doors to an unmatched experience powered by exciting offers and innovative financial solutions which suits your lifestyle.

Detailed explanation-2: -American Express and Discover are two companies that provide unique co-branded card relationships, since they have the capacity to serve as both the credit-issuing financial institution and the network processor. Other co-branded card sponsors include the popular issuers Visa and Mastercard.

Detailed explanation-3: -Samsung, India’s largest consumer electronics company, and Axis Bank, India’s third largest private sector bank, have partnered to launch an exclusive co- branded credit card, powered by Visa.

Detailed explanation-4: -Under a co-branded credit card arrangement, a company - like an airline, hotel or retail store - will partner with a bank to offer credit cards bearing their name or loyalty program. In turn, the bank will offer those credit cards to individuals, with the additional perk of earning rewards every time they use the card.

Detailed explanation-5: -Other co-branded cards include Maruti Suzuki NEXA HDFC Bank AllMiles (car-related privileges), Platinum Times Card (discounts on entertainment), and Snapdeal HDFC Bank Card (online benefits).

There is 1 question to complete.