Financial Daily from THE HINDU group of publications
Wednesday, Aug 10, 2005
Financial Daily from THE HINDU group of publications Wednesday, Aug 10, 2005 |
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Money & Banking
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Credit Cards & Debit Cards Marketing - New Products & Services Titanium Card launched Our Bureau
Mr Pralay Mondal (left), Senior Vice-President and Head - Credit Cards, HDFC Bank, and Mr Nitin Gupta, Vice-President and General Manager, South Asia, MasterCard International, at the launch of `Titanium Card' in Mumbai on Tuesday. — Paul Noronha
Mumbai , Aug. 9 HDFC Bank and MasterCard International launched a new credit card on Tuesday called the Titanium Card. This card is targeted at individuals with an income of over Rs 7 lakh per annum and the credit limit would be Rs 1.5 lakh to start with, said Mr Pralay Mondal, Senior Vice-President and Head-Credit Cards, HDFC Bank. The annual fee is Rs 3,000 and Rs 2,500 for HDFC Bank clients. Speaking at the press conference, Mr Mondol said, "This card is for a niche segment. We believe Gold Card clients would migrate to the Titanium Card."
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