HDFC Bank has collaborated with Marriott Bonvoy to introduce the inaugural co-brand hotel credit card for the Indian market, taking advantage of the increased travel and higher expenditure on enhancing the quality of experiences by Indian travelers.
At a moment when Marriott stands as one of the largest hotel chains in India, operating 145 hotels in 41 cities with 16 brands and soon introducing its 17th brand, this marks the inaugural offering of its kind for the Indian market. HDFC Bank has partnered with global payment solutions provider Diner’s Club to launch this product.
Mainly aimed at leisure travelers in India who seek extraordinary luxury experiences, this credit card represents a premium hospitality option for exceptional stays. Parag Rao, the Country Head for Payments Business, Consumer Finance, Technology, and Digital Banking at HDFC Bank, emphasizes that the card caters to significant personal stays and expenditures.
He said, “The recent merger of HDFC with HDFC Bank has brought together in excess of 100 million customers under our belt, with only 18 million credit card users in India. This clearly shows the scope of growth that we have together, and these are exciting times.” He went on to say that this card offering is being extended to all the existing Bonvoy members.
Ranju Alex, Area VP, South Asia, Marriott International, said they are betting on their large portfolio of hotels in India across various brand categories and price points for this proposition. “It is a milestone to be launching this hospitality co-brand credit card since Marriott itself has 186 million members globally, so this is the power of our partnership. This is the right time to introduce this card to the world with great service, and amalgamation of innovation and customer-centricity.”