ICICI Bank, announced the launch of the country's first contactless business credit card in association with Jet Airways for small and mid-sized enterprises (SMEs) and their employees.
Christened 'Jet Airways ICICI Bank Business Advantage Card', this co-branded credit card helps customers to save on their business expenses.
Here are smart things to Know about the card
1) It provides opportunities to earn JPMiles on both spends as well as repayments on a list of business expense categories including travel, dining, office stationary, online advertising and vendor payments among others.
2) The reward is in the form of JPMiles, that is allocated to both the SME and the cardholder.
3) The JPMiles can be split between cardholder/s and the company in the ratios of 75:25, 50:50 & 25:75.
4) ICICI Bank is the first bank globally to offer a dual advantage reward programme on the spends and repayments of the credit card.
5) This card is powered by the 'VISA payWave' 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.
6) The card can also be used by dipping or swiping at non-contactless merchants.
7) 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.
8) Companies can subscribe to the card by paying a joining fee of Rs. 2,500 per card and get a host of benefits.
Individual card holder benefits:
- Welcome bonus of 5,000 JPMiles to every cardholder
- Complimentary access to major airport lounges across India
- JPMiles on both spends and repayments
- Additional JPMiles on international spends and on tickets bought from Jet Airways using the card
- Automatic enrollment into Jet Privilege's 'Business Rewards+' programme, wherein a company-level JetPrivilege account is created thereby allowing the company to accumulate JPMiles basis spends & repayments done by its employees
- 5% discount on base fare for revenue tickets booked through JetAirways.GlobalLinker.com
- Accelerated JPMiles on hotels booked on Kaligo.com
- Complimentary access to the VISB platform
- Additional JPMiles to the company on cumulative spends on Jet Airways and codeshare airlines