Tata Capital has launched Tata Platinum, Tata Titanium and Tata Corporate credit cards. Tata Card is a white label credit card issued, operated and serviced by SBI Cards. Tata Capital Financial Services Ltd (TCFSL) undertakes its marketing and distribution.
While the Platinum and Titanium variants are targeted at affluent retail customers, the Tata Corporate Card would cater to the expense management needs of customers in the corporate segment.
The new cards offer up to 6% value-back at select Tata establishments and up to 3x reward points on select departmental stores, dining, groceries and international spends. They also offer an unmatched convenience of earning and instantly redeeming reward points at certain Tata outlets. With exclusive privileges including lounge access, travel insurance, fuel surcharge waiver and a host of joining offers from leading travel and hospitality brands including Taj Hotels, the cards offer unique value.
The Tata Corporate card provides the dual benefit of a robust expense management solution for corporates as well as convenience for their employees. With spend visibility, controllership, consolidated corporate level statements, spend category control, dedicated corporate servicing and offering significant savings for organizations, the card is a best-in-class product.
Praveen Kadle, MD & CEO, Tata Capital, said, “Both the retail and corporate credit card segments in India are growing rapidly and our endeavour is to understand the needs of various segments and offer innovative solutions. These variants with differentiated and superior value propositions will appeal to the targeted audience.”
Kadambi Narahari, CEO, SBI Cards and Payment Services Pvt Ltd, said, “The Tata Corporate Card adds a new dimension to our portfolio and will help us connect with business users within and outside the Tata Group.”
The new credit cards are being offered with an advanced EMV chip capability providing enhanced security for card transactions for use in India and abroad.