Press Release
Indochina Bank and Visa jointly launch the brand new Indochina Bank's Visa Platinum Credit Card
Vientiane – Indochina Bank (IB), one of Laos's top private bank and market leader in retail banking, in partnership with Visa, a global technology company in the payments industry, today unveiled the Indochina Bank's Visa Platinum Credit Card – a card designed to provide Laotians with even more ways to celebrate life’s finest pleasure in style and grandeur.
The Indochina Bank's Visa Platinum credit card has been tailored to the lifestyle needs and aspirations of the affluent segment, providing them with access to an exclusive range of travel, retail and dining privileges. All Platinum cardholders will be eligible for a free travel accident insurance which covers up to USD500,000 for accident, death, and disability. In addition, cardholders will be entitled to the travel and baggage delay of a maximum of 12 hours. The travel delay compensates the cardholder for every hour delayed over 4 hours and the baggage delay compensates the cardholder for every hour their baggage is delayed over 4 hours. On top of that, the extended warranty covers an additional 12 months when a product is bought on the Indochina Bank's Visa Platinum credit card.
Mr. Tay Hong Heng, the Managing Director of Indochina Bank said, "We are also pleased to inform you that Indochina Bank is presently the first and only bank in Lao PDR to offer the exclusive Visa Platinum credit card," This will be the first of many cards to be offered by IB, "By early 2021, Indochina Bank shall also be launching more credit cards for different segments by way of Visa Gold and Classic, Debit Cards for both Union Pay & Visa" remarked Mr Tay.
While the launch was mainly focused on the Visa Platinum card, Indochina Bank also offers two additional categories of credit cards namely, Gold & Classic which are targeted at other segments of customers. “We have a large segment of customers and it is crucial for us to ensure all our customers are catered for”, reiterated by Mr Tay.
Laotians and residence of Lao PDR who is a premier customers of Indochina Bank are eligible to apply for the Indochina Bank's Visa Platinum credit card, which comes with joining fee waiver and the annual fee waiver for the first year. The application can be done via contacting the Indochina Bank's premier banking consultants, starting today. For more information, please visit www.indochinabank.com.