Aug 2016 Financial News

New RBL credit card caters to travellers

Aug 02, 2016

The newly launched Republic AAdvantage Visa Infinite credit card is designed to meet the needs of an under-served, but high-end clientele.

This was revealed Tuesday’s launch of the sophisticated travel-related card at Fanatic Kitchen, Dere Street, Port-of-Spain. Anthony Wong, Republic Bank Ltd’s (RBL) general manager for electronic channels and payments said the bank saw it as its duty to continue to provide high calibre products and services that surpasses customer expectations.

The first card was presented to Olympic sailor Andrew Lewis.

“The Republic Bank AAdvantage Visa Infinite Credit Card is something that clients will want to own, as it offers not only an unprecedented array of benefits, it also affords some of the best that both Republic Bank and Visa International have to offer,” Wong said.

Benefits of the new card include trip cancellation coverage of up to US$3,000, as well as coverage for travellers when trips are delayed, or a connecting flight is missed, in the amount of US$300 in each instance. Apart from the price protection feature of up to US$4,000 per account per annum, there is purchase protection insurance, not exceeding US$20,000.

“As you have seen and most definitely will see, the Republic Bank AAdvantage Visa Infinite credit card is a product quite like no other. Without question or reservation, we offer it to you as a solution to many of your travels concerns and as an extension of your active lifestyle,” Wong said.

“The satisfaction that American Airlines, Visa International and Republic Bank feel in bringing this product to life and to you can only be surpassed by the satisfaction you actually derive from it.

“We truly believe, given all we’ve shared today that this will very well come to be,” Wong said.

Derwin Howell, executive director at RBL, said the goal of the bank is to achieve this level of utility for its clients from inception, which is realised through collaboration with international partners.

“Once again, we have found a way to do that and much more and I thank them for their continued commitment and support. Any new credit card that we offer to our clients, regardless of the credit limits and types of rewards, has to align with their desires and needs if the card is to be of any use to them. We have listened to you and today we offer this new card, as an extension of service to you, in line with your desires and a card truly befitting of the Republic Bank name,” he said.

“This comes at a time when we continue to redefine our leadership position within an increasingly competitive local credit card industry; an industry that is only three decades or so old, but whose evolution and growth has been dynamic and in which competition is extremely fierce. There are over 95,000 Republic Bank credit card in circulation and each of these is specifically centered on serving a particular market.”

While every major bank has credit cards and tailors them accordingly, the market is not saturated. Howell said this highlights the opportunity to constantly review, understand and address the ever-growing and ever-changing needs of clients and to provide targeted products to meet those needs.

“We examined our current range of credit card products and services and concluded that our high value, frequent travelling clients needed more in the way of an actual product adapted to their lifestyles. The Republic Bank AAdvantage Visa Infinite Credit Card fits that bill and will open new vistas to our valued clients who use the card,” Howell said.

Source:
Sean Nero
Trinidad Guardian
Saturday July 30, 2016

http://www.guardian.co.tt/business/2016-07-30/new-rbl-credit-card-caters-travellers