If you guys have been tracking closely, Jet Airways recently partnered HDFC Bank and ICICI Bank to launch a new range of co-branded credit cards. ICICI Bank is giving out a joining bonus of upto 10,000 JP Miles depending on the tier of the credit card you go for. However, if you apply up to 30th September 2012, you also can have a 50 % bonus on your welcome miles.
- Sapphiro:10,000 JP Miles + 5,000 bonus JP Miles
- Rubyx: 5,000 JP Miles + 2,500 bonus JP Miles
- Coral: 2,500 JP Miles + 1,50 bonus JP Miles
All the cards come in an American Express version and a Visa version, and you can have both versions for the same fees, which I feel is a sweet deal, considering you can also get in on the lucrative JP Miles accumulation you can do on the Amex version of the card.
There is a new fee that got announced of Rs. 7,500 per annum which was required to be paid to get unlimited JP Miles on the card. Under this, you could only earn upto 60,000 JP Miles on the top-end card for instance in a year, but I talked to ICICI Bank and they clarified that if you were doing ‘genuine’ retail spend on the card, they would be happy to uncap your card’s mileage accumulation for free after reviewing your spends.
I’ve heard from readers that ICICI Bank is not up to the mark in customer servicing as of now, and clueless marketing people turning up at your doorstep. So, if you are thinking about getting the card, maybe it is a wise move to ask for it within the week, rather than after to also get the bonus miles as well, and make sure the contact centre is clear about your requirements rather than turning away a clueless salesman from your door. I haven’t heard of fee waivers yet, so maybe there are no such promotions in mind at present to give the card away for free.
I haven’t had the time to publish a review on the card series just yet, but in a nutshell, it is a good card product to have, if you can ignore the customer servicing issues! ICICI Bank is not the best in that department yet.
Here is a post which I made about some clarifications on the card product. If you have more questions, feel free to ping me or drop a comment below and I will be glad to reply.
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