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Deutsche Bank launches credit cards in India

Deutsche Bank has launched a full suite of credit cards in India, marking the second stage of the lender's consumer banking strategy in the country, following the roll-out of retail banking services last year.

Deutsche Bank is offering classic, gold, platinum and corporate credit cards to retail customers in India. The cards can be personalized with over 40 credit card designs – the first time this feature has been introduced in India.

The Deutsche Bank gold card also offers several savings plan choices structured around different key lifestyle and spend patterns. These different options called ‘home plan’, ‘party plan’, ‘shop plan’ and ‘travel plan’ enable customers to maximize savings based on their personal usage habits. In addition to this feature the customer also has the option of choosing his billing cycle to better manage and control his finances.

Colin Grassie, CEO of Asia-Pacific for Deutsche Bank, said: 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. Mr Grassie also said that Deutsche Bank may also consider the launch of premium credit cards in China through its partnership with Hua Xia Bank.