In November last year, Vistara and Axis Bank decided to partner for a co-branded credit card. Co-branded credit card partnerships are tricky, because both partners want to get business out of it, and keep costs not very high. It took the two partners a while to come out with the product, but they put out a teaser earlier this week about the impeding launch.
And now, just today I witnessed the launch of the credit card portfolio in the presence of all the biggies at the two partners: Axis Bank and Vistara. The call came just a while before launch, so I wish I was more informed to keep you up to speed with the specs on Twitter, but here we are with the details anyways.
Vistara Axis Bank Credit Cards to have 3 variants: Platinum, Signature & Infinite
The partners will be issuing 3 variants of the cards, in line with the 3 propositions from the airline, bank and Visa, which is the issuing network. All three variants get you Club Vistara points, free tickets with the airline and more free tickets as you spend on the card.
- Welcome benefits: The base variant (Platinum) will come with a free Economy class ticket, while Signature gets you a free Premium Economy ticket. The Infinite Card will get you a free Business Class ticket. All the tickets are base-fare waived.
- Free tiers on Club Vistara: The base variant gets you a base tier membership, while Signature will get you an upgrade to the Silver Tier of the Club Vistara program. The Infinite Card will get you straight into Gold tier.
- Activation benefits: On signing up for the card, you get 90 days to meet minimum spends, on which you get more benefits. For the Platinum Card, you get 1000 bonus CV points on INR 50K to be spent in 90 days. For Signature, you get 3000 bonus points on INR 75K to be spent in 90 days. For the Infinite version, you get 10,000 bonus CV points on INR 100K (INR 1 Lakh) spend within 90 days.
- Ongoing benefits: The Platinum card gets you 2 CV points per INR 200 spent, the Signature card gets you 4 CV points for INR 200 spent and the Infinite Card gets you 6 points per INR 200 spent.
- Milestone benefits: The Platinum Card gets you two more free Economy tickets, one at INR 1.25 Lakh spend within the year and one at INR 2.5 Lakh spend within the year. The Signature Card gets you the opportunity to get 3 Premium Economy tickets: at INR 1.5 Lakh, INR 3 Lakh and INR 4.5 Lakh spend levels per annum. The Infinite Card is the one most loaded. You get 3 business class tickets over and above the ones you get on signup, at INR 2.5 Lakh, INR 5 Lakh and INR 7.5 Lakh spend per annum.
- Lounge Access: Lounge access comes complimentary via the Visa Lounge Access program. Of course, if you take the top-end version (Infinite) you get lounge access every time you fly Vistara!
While I am still to churn the numbers and get used to whats in store, I’m sure these cards are a steal if you can direct the spending on to them. The Platinum Card comes at an annual fee of INR 1500, while the Signature one comes at an annual fee of INR 3000. The Infinite one comes at an annual fee of INR 10000. Taxes are exclusive.
One thing I find amiss is the ability to earn more points when you spend on Vistara tickets on this card. But I hope that is a detail that was missed at the launch. Having said that, this is a pretty rich card, especially if you are willing to pay the fee on the top end, and your returns will be pretty nice.
Thank you Vistara, now I finally have a way to earn some points without flying. I’m looking forward to pick up mine soon!