Udaipur: HDFC Bank and Shoppers Stop today announced the launch of a new range of co-branded credit cards. The credit cards will be available for over 8 million “First Citizen” customers of Shoppers Stop along with HDFC Bank customers, with an aim to provide an elevated shopping experience in a convenient manner.
HDFC Bank and Shoppers Stop aim to source over 1 million cards in 5 years through this tie-up. The partnership draws on HDFC Bank's strengths as India’s leading issuer of credit cards and Shoppers Stop position as India’s leading premier retailer of fashion and beauty brands.
The credit cards will be available in two categories, Shoppers Stop HDFC Bank Credit Card and Shoppers Stop BLACK HDFC Bank Credit Card. The first category is the Shoppers Stop HDFC Bank Credit Card which offers 6 Shoppers Stop points (SSP) on private label brands at Shoppers Stop, 2 SSP on spends on other brands of Shoppers Stop and outside (except fuel and wallet) without any cap. Customers can redeem their points at the Shoppers Stop outlets while making purchases. Annual milestone benefits include 2000 SSP on spending Rs 2 Lakh per annum, 1% fuel surcharge waiver at all fuel stations across India up to Rs. 250 per month. Card holders can enjoy accelerated saving and benefits using HDFC Bank platform and portfolio offers via PayZapp and SmartBuy.