Correct Answer : YES Bank
YES Bank has partnered with ANQ to introduce two innovative credit cards, Pi and Phi, aiming to blend traditional banking with fintech solutions. The Pi card offers digital-only credit on UPI for domestic transactions, while the Phi card provides physical access for both domestic and international purchases.
Key Features of YES Bank ANQ Pi Credit Card :
* Digital-Only Convenience : Seamless credit transactions on UPI for domestic purchases.
* No Joining Fees : Easy access without any upfront charges.
* Reward Points : Earn 8 reward points on UPI transactions above Rs 2000, coupled with RuPay Platinum Benefits.
* Enhanced Rewards : More rewards on UPI spending, making each transaction more valuable.
* EMI Conversion : Convert purchases into EMIs for greater flexibility.
Key Features of YES Bank ANQ Phi Credit Card :
* Domestic and International Usage : Physical card usable for both domestic and international transactions.
* No Joining Fees : Access without initial costs.
* Multi-Reward Benefits : Rewards for dining, travel, and other categories.
* Additional Perks : Fuel surcharge waivers, international lounge access, and more.
* High Reward Potential : Earn up to 24 reward points on selected categories for spends of Rs 200.
RuPay Announces Cashback Offer for JCB Cardholders :
RuPay, in collaboration with JCB International Co. Ltd, offers a special cashback offer for international RuPay JCB debit and credit cardholders, promoting spending in eight countries.
Cashback Offer Details :
* 25% Cashback : Available on purchases in select countries from May 1, 2024, to July 31, 2024.
* Expansion Strategy : Part of RuPay and JCB’s broader plan to expand globally and introduce more such offers.
* Tax Implications : TCS applies to international debit card spending exceeding Rs 7 lakh per year, while credit card payments are exempt under LRS.
