Standard Chattered Launches New Product

Kamis, 5 Maret 2009 - 17:32 WIB

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VIVAnews - Standard Chartered Bank is targeting that credit card holders grow by 50 percent. The bank is planning to launch several products to meet the target.

Standard Chartered CEO Simmon Morris said it is important for the bank to launch innovative products despite the current crisis. "The crisis is our chance to support the costumers," he said on Thursday, March 5.

This product is a combination of three facilities including credit card, savings, and ATM card. It is also equipped by loan facility. As for the credit card, the customer can enjoy cash back facility with 0.5 percent of interest for every retail transaction. Other feature includes saving plus in which a customer can keep a minimum balance of Rp 5 million (US$417.37) to be able to gain interest by up to 7.5 percent per year.

Stand-by cash is another feature of the product. The customer has an opportunity to get early agreement on stand-by cash loan with free annual fee as well as receiving cash back with 0.5 percent of interest by using this feature every month.