SBI Cards rises on announcing collaboration with Fabindia

SBI Cards & Payment Services Ltd, a payment solutions provider, announced today that it has partnered with Fabindia, a retail platform offering wide range of products handmade by rural artisans, to launch Fabindia SBI Card. 

This is a unique, co-branded, contactless credit card, which comprises curated benefits and privileges. It is designed to provide a rewarding shopping experience to its prime customers and is available in two variants - Fabindia SBI Card SELECT and Fabindia SBI Card.   

This card integrates the rewards points earned on retail spends with value back on varied spending categories. Thus, it addresses complete spending needs of premium cardholders.   

The customers of Fabindia SBI Card will get various gifts & benefits such as Fabindia gift vouchers worth Rs 500 as a welcome gift and direct access to Fabfamily loyalty programme (Gold Tier). On the other hand, Fabindia SBI Card SELECT customers will get Fabindia gift vouchers worth Rs 1,500 and direct access to Fabfamily loyalty programme (Platinum Tier).  

At the time of market closing, the stock of SBI Cards & Payment Services was trading at Rs 976.35, up by 4.58 per cent on BSE.