Deutsche Bank launches Credit Cards in India for the first time

New Delhi, July 26 (UNI) Deutsche Bank today said it has launched a whole suite of credit cards in India, including the Classic, Gold, Platinum and Corporate cards, that offers their customers a host of features.

This launch by the bank follows the roll-out of retail banking last year.

''An important element of our growth strategy in Asia is our strategic focus on the further development of our successful business in India, both in wholesale and retail banking. Today's Credit Card launch in India is an important milestone for our business,'' Deutsche Bank Asia-Pacific CEO Colin Grassie said.

He also stated that Deutsche Bank may also consider the launch of premium credit cards in China through its partnership with Hua Xia Bank.

The features available on the cards allow the customer to personalise the credit card with a wide range of images, save with lifestyle specific savings plans, and control finances and manage savings with flexible billing.

The customer can personalise his card by choosing from over 40 credit card designs, a feature introduced for the first time in India, which have been selected across categories as diverse as music, wildlife, zodiac signs, sports and child art.

The Deutsche Bank Gold Card offers the additional option to customise the card providing the choice from several 'Savings Plans' structured around different key lifestyle and spend patterns.

These options called 'Home Plan', 'Party Plan', 'Shop Plan' and 'Travel Plan' enable customers to maximise savings based on their personal usage habits. In addition, the customer also has the option of choosing his billing cycle to better manage and control his finances.

With Euro 1,035 billion in assets and approximately 64,100 employees, Deutsche Bank offers financial services in 74 countries throughout the world.

The Bank had recently launched retail banking in India, under which it offers a comprehensive array of retail banking products and services - from current and savings accounts to salary overdrafts, investment products and loans - through eight branches in seven cities in India.

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