SBI Card launches contactless credit card with IRCTC

SBI Card and Indian Railway Catering and Tourism Corporation Ltd (IRCTC) on Tuesday launched IRCTC SBI Card on RuPay platform.

The new card has been designed to reward frequent railway passengers. It also offers savings proposition on their travel, together with superior benefits on retail, dining and entertainment, besides transaction fee waivers.

Cardholders of IRCTC SBI Card on RuPay platform receive up to 10 per cent value back on AC1, AC2, AC3, AC CC bookings made on IRCTC website. The card also offers a 1 per cent transaction fee waiver and 350 bonus reward points upon card activation.

Reward points accumulated on the card can be redeemed against free tickets on IRCTC website. In addition to savings on rail travel, IRCTC SBI card offers several other benefits to online shoppers.

The card is equipped with near field communication (NFC) technology. Customers can simply tap their cards at a secure reader for convenient, secure and faster transactions. With this launch, SBI Card has expanded its portfolio on the RuPay network.

The stock of SBI cards closed at 752, up by 0.18 per cent or Rs 1.35 per share. The intraday high is Rs 758.10 and the intraday low is Rs 748.35.