New Dual network credit card from Yes Bank

[Bharatiya Nagrik]

Yes Bank has introduced a dual-network credit card in a tie-up with Anq Digital Finserv, a Bengaluru-based fintech firm.

It offers is a physical card based on Mastercard network and a complimentary virtual card based on the Rupay network. The physical card is called Phi and the virtual card is called Pi.

This can prove to be a great idea with other banks following the trend. It could help people get value from Visa or Master card network and also benefit from virtual Rupay card for UPI. More details awaited.

 

[abhimarda]

Yes Bank has introduced a dual-network credit card in a tie-up with Anq Digital Finserv, a Bengaluru-based fintech firm.

It offers is a physical card based on Mastercard network and a complimentary virtual card based on the Rupay network. The physical card is called Phi and the virtual card is called Pi.

This can prove to be a great idea with other banks following the trend. It could help people get value from Visa or Master card network and also benefit from virtual Rupay card for UPI. More details awaited.

Nothing great actually given that to get this LTF card you need to pay joining fees of ANQ platform which is 1499. Even ICICI Bank is providing a Rupay Coral credit card with shared limits with existing ICICI credit card whereby the limits are shared. If you have ICICI platinum card which is LTF you get a coral Rupay card LTF. The credit card statement comes combined for both cards. Some other banks are also giving cards in shared limits basis like Axis Bank which has started giving Axis Neo card in Rupay network and the limits will be shared with existing Axis card. So there are already banks providing card on floater card or on overall limit basis.

 

[Bharatiya Nagrik]

Ok. Wasn't aware of the charges of ANQ platform. Then this doesn't make sense unless they are offering anything valuable against the fees being charged.
Thanks

 

[RajSawna]

Nothing great actually given that to get this LTF card you need to pay joining fees of ANQ platform which is 1499. Even ICICI Bank is providing a Rupay Coral credit card with shared limits with existing ICICI credit card whereby the limits are shared. If you have ICICI platinum card which is LTF you get a coral Rupay card LTF. The credit card statement comes combined for both cards. Some other banks are also giving cards in shared limits basis like Axis Bank which has started giving Axis Neo card in Rupay network and the limits will be shared with existing Axis card. So there are already banks providing card on floater card or on overall limit basis.

I got ANQ membership only 49 rupees, and Prepaid X card is also included....

 

[abhimarda]

I got ANQ membership only 49 rupees, and Prepaid X card is also included....

Did you get the 2 credit cards? Even if you have got...the cards are not too rewarding