SpiceJet and Axis Bank launch co-branded credit card
GURUGRAM, May 13, 2022: SpiceJet, the country’s favourite airline and Axis Bank, India’s third largest private sector bank, have partnered to launch the most rewarding co-branded credit card, powered by Visathat will offer a host of privileges and benefits to customers. The card comes in two variants – SpiceJet Axis Bank Voyage and Voyage Black, and is aimed at facilitating a superlative travel experience for flyers through SpiceClub, the first frequent flyer program by a low cost carrier in India.
Through this collaboration, the two brands hope to capitalize on the resurgent demand for travel following two years of stagnation caused by the pandemic. Further, with the shared goal of expanding their reach to Tier 2 &3 cities and other synergies, the brandsare committed to serving a much larger populace.
SpiceJet Axis Bank Voyage & Voyage Black credit cards were officially launched at Indira Gandhi International airport in the presence of Ajay Singh, Chairman and MD, SpiceJet and Amitabh Chaudhry, MD & CEO, Axis Bank, where they unveiled a special SpiceJet-Axis Bank credit card livery on a SpiceJet Boeing 737 MAX aircraft.
The products are designed to enable customers use the rewards earned on their daily spends for booking flights and add-ons, thus encouraging both travel and digital payments embedded with benefits of SpiceJet’s frequent flyer program, SpiceClub.
Customers can earn benefits up to 7% on the Voyage Black credit card which is a Top-tier offering in the travel credit card segment. In addition, the redemption of earned points does not have any limitations on blackout dates, festival demand, and are on first-come basis. Cardholders would get exclusive SpiceClub membership with direct entry in either Silver or Gold tiers, and special benefits like complimentary or discounted travel add-ons, priority check-in, SpiceMax upgrade, preferred seat selection, complimentary meal etc.
Commenting on the occasion, Amitabh Chaudhry, Managing Director & CEO, Axis Bank said, “We are delighted to partner with SpiceJet, a brand that shares our vision of expansive reach and unmatched services. As we strive to give our customers a hassle-free payments experience across all touchpoints, this partnership becomes key, especially as we witness travel opening up again and becoming a leading category. The two teams will work together to bring in the synergies, with best of offers and services, thereby truly making a difference to the customers and their travel experience.”
Ajay Singh, Chairman and Managing Director, SpiceJet, said, “I am delighted to announce the launch of the SpiceJet-Axis Bank co-branded Credit Card. This card will make every customer journey an even more rewarding one. We are the pioneers of the frequent flyer program for budget airlines in the country and this partnership with Axis Bank significantly strengthens the value offering of SpiceClub. Our association with Axis Bank – founded on the shared vision to offer unparalleled customer experience – is yet another innovative step towards creating a world class travel experience. I hope to see our customers enjoying the benefits of this rewarding collaboration as much as they love to fly with us.”
Sandeep Ghosh, Group Country Manager, India and South Asia, Visa said, “With air travel across the country coming back to pre-pandemic levels, consumers rely on credit cards for unique benefits and value-adds while on the move. Globally, credit cards that offer the best of on ground and inflight experiences remain a popular choice for air travellers. At Visa, we have helped power the SpiceJet Axis Bank Voyage credit card to cater exclusively to the needs and indulgences of the discerning Indian air traveller. We are confident of the card setting a new benchmark for air travellers in the country.”
Detailed features of Voyage and Voyage Black credit cards are as given below:
|Benefits||SpiceJet Axis Bank Voyage Credit Card||SpiceJet Axis Bank Voyage Black Credit Card|
|Joining Fee & Annual Fee||₹750||₹2000|
|Joining Benefit||Complimentary SpiceClub Silver Tier membership||Complimentary SpiceClub Gold Tier membership|
|Key Features||1. Earn 18 SpiceClub Points(SC) per ₹200 spent on SpiceJet Platform* (Silver Tier membership benefits) – up to 4.5% customer benefit2. Earn 6 SC Points per ₹200 spent on Online Bill Payments, Online food and Online Entertainment accelerated categories – up to 3% customer benefit3. Earn 3 SC Points per ₹200 spent on any other qualifying spends excluding any fuel, wallet top up, cash withdrawal and EMI transactions – up to 1.5% customer benefit||1. Earn 28 SpiceClub Points(SC) per ₹200 spent on SpiceJet Platform* (Gold tier membership benefits) – up to 7% customer benefit3. Earn 12 SC Points per ₹200 spent on Online Bill Payments, Online food and Online Entertainment accelerated categories – up to 6% customer benefit4. Earn 6 SC Points per ₹200 spent on any other qualifying spends excluding any fuel, wallet top upcash withdrawal and EMI transactions – up to 3% customer benefit|
|Activation Benefit||Upon fulfilling eligibility criteria of 2 transactions in 30 days of the co-branded credit card being issued to the cardholder, customer will be issued SpiceJet Voyage voucher of ₹1500/-(Voucher validity of 1 year)||Upon fulfilling eligibility criteria of 2 transactions in 30 days of the co-branded credit card being issued to the cardholder, customer will be issued SpiceJet Voyage Black voucher of ₹4000/-(Voucher validity of 1 year)(2 free SpiceMax upgrades + 2 complimentary Meals + Free flight change/cancellation)|
|Milestone Benefits||1. Upon qualifying spends of ₹ 1 lakh in a membership year on co-branded card, 2000 SC Points to be credited for cardholder2. Upon qualifying spends of ₹ 2 lakh in a membership year on co-branded card, 3000 SC Points to be credited for cardholder||1. Upon qualifying spends of ₹ 2 lakh in a membership year on co-branded card, 4000 SC Points to be credited for cardholder2. Upon qualifying spends of ₹ 4 lakh in a membership year on co-branded card, 6000 SC Points to be credited for cardholder|
|Renewal Benefit||Upon successful payment of annual fee of the card, 1000 SC Points to be credited for cardholder||Upon successful repayment of annual fee of the card, 2000 SC Points to be credited for cardholder|
|Other benefits||(a) Complimentary access to select airport lounges (4 visits a year)(b) Fuel surcharge waiver @1% (upto ₹ 400/-)* * T&C apply||(a) Complimentary access to select airport lounges (8 visits a year)(b) Fuel surcharge waiver @1%(upto ₹ 400/-)**T&C apply|