SBI Card rises on launching SBI Card MILES for Travel Enthusiasts
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SBI Card is currently trading at Rs. 753.65, up by 6.35 points or 0.85% from its previous closing of Rs. 747.30 on the BSE.
The scrip opened at Rs. 752.35 and has touched a high and low of Rs. 755.10 and Rs. 745.25 respectively. So far 15410 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 932.35 on 13-Jun-2023 and a 52 week low of Rs. 678.80 on 14-Mar-2024.
Last one week high and low of the scrip stood at Rs. 755.60 and Rs. 715.00 respectively. The current market cap of the company is Rs. 71422.69 crore.
The promoters holding in the company stood at 68.63%, while Institutions and Non-Institutions held 25.28% and 6.10% respectively.
SBI Cards and Payment Services (SBI Card) has launched three variants of its first travel-focused core credit card, ‘SBI Card MILES’, in Mumbai. The card is aimed at bringing holistic travel benefits to travellers of all kinds – travel aspirers to frequent fliers to travel aficionados. SBI Card MILES offers compelling features that include conversion of Travel Credits to Air Miles and Hotel Points, accelerated rewards on EVERY travel booking, and airport lounge access among others. Empowering cardholders with absolute choice of redemption, the card partners over 20 airline and hotel brands including Air Vistara, Air India, Spicejet, Air France-KLM, Etihad Airways, Air Canada, Thai Airways, Qantas Airways, ITC Hotels, IHG Hotels & Resorts, and Accor among others.
It is evident that Indians are increasingly becoming open to more and varied travel experiences. The three variants, SBI Card MILES ELITE, SBI Card MILES PRIME, and SBI Card MILES, have been designed to elevate these experiences through curated travel benefits. Cardholders can earn up to 6 Travel Credits on every Rs 200 travel spend and up to 2 Travel Credits on spending Rs 200 on other categories. The offerings under ‘SBI Card MILES’ bouquet enable cardholders to carry out an easy and seamless Travel Credits redemption across multiple renowned flights and hotel partners.
SBI Cards and Payment Services is a payment solutions provider in India.
