Stanchart launches Manhattan Platinum card

MUMBAI: Global lender, Standard Chartered on Thursday launched Manhattan Platinum Card to offer both cash back and rewards as a standard feature on the same card to its customers.
    
The card will offer 5 per cent cash back on all departmental stores and supermarkets and five reward points per Rs 100 for all other spends, the bank said in a press release issued here today.
    
"There is no other product available that offers flat rewards as high as 5 per cent as a standard feature. The customer will see the rewards as cash-back or reward points in the statement after each transaction," Stanchart's General Manager, Credit cards & Personal loans, R L Prasad, said in a statement.
    
The card would carry an annual fee of Rs 2,000 and is being offered free for the first year as an introductory offer, company said.
    
The card will be initially launched in the metros and in Banglore, it said.
    
Stanchart has 90 branches in 33 cities and a combined customer-base of 21 lakh in the retail banking.