
The Reserve Bank of India has required that MasterCard stop issuing new cards in India from July 22, 2021, onwards. Here is what we know so far.
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One of the favourite features I have with my various MasterCard products in India is the ability to access lounges at various airports. Why would MasterCard do this? Well, to increase the spread of their cards with clients via Banks. Banks also look at this feature as a differentiation factor, and chip in for a few lounge trips as well. I realise I last wrote about the ability to access lounges with MasterCard products way back in 2012. Since lounge contracts change all the time, I figured it is a good time to write a new post. Under the program, holders of premium MasterCard products (issued in India by select banks) are admitted to select lounges across India, if they…
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