Co-Branded Credit Cards: Here's What You Need To Know

Outlook Money

Credit Cards

Credit cards are emerging with several features and rewards these days.

Credit Card

Co- Branded Credit Cards

These credit cards are issued with partnerships between banks and companies or service providers that are well known.

credit card

Partnerships

There are partnerships between banks like HDFC Bank, ICICI Bank, and SBI Card, Amazon, IRCTC, and airlines, such as Air India, to offer co-branded cards.

Credit Card

Benefits

1. Reward Earning: There are options to earn points, cashback and rewards with the co-branded credit cards.

Listing Benefit

Benefits Continued

There are other benefits like special discounts and offers, brand-specific rewards and exclusive invitations.

Benefits Continued

Drawbacks

The drawbacks of the co-branded cards include annual fees and restricted rewards.

Drawbacks

Drawbacks Continued

Other drawbacks include the higher interest rates and the impulse spending risks.

Interest Rates

Should It Be Considered

These cards are suitable for people who buy and use specific brands or services frequently.

Should It Be Considered

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