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Home›Credit card›Yes Bank, BankBazaar launches a credit card that allows monitoring of solvency

Yes Bank, BankBazaar launches a credit card that allows monitoring of solvency

By Meaghan H. Gonzales
October 29, 2021
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NEW DELHI : YES Bank announced on Friday the launch of a co-branded credit card in partnership with BankBazaar.com.

The card, FinBooster, built around credit condition monitoring, will allow customers to track their creditworthiness while improving their basic scoring review of factors affecting their credit score through an intuitive subscription to CreditStrong application (credit condition report). It is free for the cardholder for the first year.

“We believe in constantly delighting customers with innovative offers and rewarding experiences. Finbooster in partnership with BankBazaar is another step in our effort to improve the customer experience while strengthening our credit card portfolio. Designed to promote credit health, the card enables customers to improve their creditworthiness while continuing to earn reward points for their daily spending among brands and merchants, ”Rajanish Prabhu, Manager, Credit Cards and Acquisition of traders, Yes Bank.

The card comes with a reward points feature that never expires, with no cap on accumulation. “Customers can earn expedited reward points on online restaurant, grocery and clothing purchases that can be easily redeemed for more than 250 catalog products,” the official statement said.

Cardholders can also share the reward points accumulated on the card with their family and friends.

Adhil Shetty, CEO of BankBazaar.com, said: “The most recent edition of the BankBazaar Aspiration Index found that while nearly 90% of people knew what a credit score was, less than 70% could indicate with precision the impact of their financial situation. habits on their credit scores. This is the difference that we have observed among salaried professionals aged 22-45. If we consider the larger population that uses cards, the misconception regarding credit score is much higher. With the YES BANK-BankBazaar FinBooster card, we are trying to fill this gap by providing users with a card that also serves as a health and credit management advisor. We are very happy to have YES BANK as a partner in this adventure to help customers manage their credit with confidence. “

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