financetom
Personal Finance
financetom
/
Personal Finance
/
Axis Bank, SpiceJet target tier 2 and 3 cities with co-branded credit card
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Axis Bank, SpiceJet target tier 2 and 3 cities with co-branded credit card
May 12, 2022 8:39 AM

Domestic airline SpiceJet and private sector lender Axis Bank have launched a co-branded credit card, which offers a host of privileges and benefits to flyers. Powered by Visa, the credit card comes in two variants — SpiceJet Axis Bank Voyage and Voyage Black.

Flyers will be able to enjoy a superlative travel experience through SpiceClub, which is the airline’s frequent flyer programme, SpiceJet said.

Axis Bank and SpiceJet hope to expand their reach to customers in tier 2 and 3 cities with the card and also cash in on the soaring demand for flights. Domestic airlines have witnessed a surge in bookings in recent weeks as the COVID-19 pandemic weakened in India.

Also read: Pandemic-hit aviation sector witnesses 38% growth in domestic travel in March

After coming to a grinding halt in 2020 due to the pandemic, passenger traffic in India is on the way to a robust recovery. A total of 10.5 million passengers travelled in domestic flights in April 2022, which is only 5 percent less than in April 2019. The deficit was 7 percent in March, Mint reported.

According to estimates by ratings agency ICRA, international air traffic in April crossed pre-COVID levels at 1.9 million passengers.

Also read: Probe into SpiceJet Durgapur incident now with aircraft accidents bureau

Customers can earn rewards by using the SpiceJet Axis Bank Voyage and Voyage Black cards while booking flights and add-ons. With the Voyage Black credit card, customers can earn benefits up to 7 percent. There is no limitation on the redemption of earned points on the card. Each cardholder will get exclusive membership to the SpiceClub. Apart from this, the cards also offer special benefits such as priority check-in, complimentary or discounted add-ons while travelling, SpiceMax upgrade, preferred seat selection and complimentary meal.

“This card will make every customer journey an even more rewarding one,” Singh said. Consumers depend on credit cards for unique benefits and value-added services while travelling, Sandeep Ghosh, Group Country Manager, India and South Asia, of Visa, said.

Also read: RBI’s new credit card issuance rules bring rural and urban cooperative banks into play

(Edited by : Shoma Bhattacharjee)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Research Alert: CFRA Maintains Sell Opinion On Shares Of The Bank Of Nova Scotia
Research Alert: CFRA Maintains Sell Opinion On Shares Of The Bank Of Nova Scotia
May 27, 2025
03:55 PM EDT, 05/27/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We lower our 12-month target price by USD1 to USD39, 7.2x our FY 26 (Oct.) EPS view of CAD7.55(USD5.48), a discount to the peer average of 11.4x given weaker growth...
Research Alert: CFRA Maintains Sell Opinion On Shares Of Virgin Galactic Holdings, Inc.
Research Alert: CFRA Maintains Sell Opinion On Shares Of Virgin Galactic Holdings, Inc.
May 27, 2025
02:45 PM EDT, 05/27/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We lower our 12-month target price by $1.50 to $3.00, applying an EV/revenue multiple of 1.2x to our 2026 estimate, a slight premium to peers, reflecting its deep customer backlog....
Research Alert: CFRA Maintains Sell Opinion On Shares Of The Bank Of Nova Scotia
Research Alert: CFRA Maintains Sell Opinion On Shares Of The Bank Of Nova Scotia
May 27, 2025
04:10 PM EDT, 05/27/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We lower our 12-month target price by CAD3 to CAD54, 7.2x our FY 26 (Oct.) EPS view of CAD7.55, a discount to the peer average of 11.4x given weaker growth...
Research Alert: CFRA Reiterates Buy Opinion On Shares Of Autozone Inc.
Research Alert: CFRA Reiterates Buy Opinion On Shares Of Autozone Inc.
May 27, 2025
10:45 AM EDT, 05/27/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We lower our 12-month target by $25 to $4,200, based on a FY 26 P/E of 24.5x, a justified premium to AZO's historic average multiples. We lower our EPS estimates...
Copyright 2023-2026 - www.financetom.com All Rights Reserved