New Delhi, March 27, 2006: SpiceJet, one of the fastest growing low cost airlines today joined hands with SBI Card, one of India’s largest Card issuers with over 2 million credit cards, to launch a feature packed co-branded credit card, the SpiceJet SBI MasterCard Credit Card in association with MasterCard International, a global payments industry leader.

Targeted at value conscious SpiceJetters, the SpiceJet SBI MasterCard offers a unique rewards programme that entitles cardholders to 5 reward points on every Rs. 100 they spend on buying SpiceJet tickets with their SpiceJet SBI MasterCard. Cardholders can redeem these reward points, against subsequent SpiceJet ticket purchase.

Ajay Singh, Director SpiceJet said on the occasion, that unique strengths have combined to bring forth this card program, SBI Card has SBI’s reach and GE’s experience in terms of loyalty/co-brand management, MasterCard for leadership, innovation and technology expertise in the payments industry. “We believe that SpiceJetters will fully enjoy this true rewards and loyalty scheme”.

Roopam Asthana – CEO, SBI Cards said, “SpiceJet is a unique success story. In less than a year of launching its services, it has created a vast set of loyal, quality and value conscious customers. On the other hand, spends in the airline category has also shown a phenomenal rise in our portfolio. The tie up is a perfect match to give a unique product to value conscious airline travellers, while carrying the MasterCard assurance of being accepted at over 1 million ATMs and more than 24 million MasterCard acceptance locations worldwide.”

Mr. Nitin Gupta, Country General Manager, South Asia, MasterCard International added; “MasterCard is delighted to have been involved in the development of the SpiceJet SBI MasterCard Credit Card and see it as another example of how MasterCard can play a role in advancing commerce in India and globally. MasterCard is confident that the launch of this innovative card with its strong benefits will help SpiceJet enhance its remarkable growth record and make the airline even more attractive to value conscious Indian travellers.”

The SpiceJet SBI MasterCard is fully loaded with all the features that customers have come to expect from SBI cards, including complementary Air Accident Insurance Cover, purchase protection and flexi pay among others. Some of the prominent features offered on SBI Spicejet SBI MasterCard include:

• Reward Points – On every Rs. 100/- spent on buying SpiceJet tickets, the cardholder earns 5 reward points. These rewards points can be redeemed against buying SpiceJet tickets.
• Complimentary Insurance covers on Spicejet – Rs 50 lacs worth air accident cover, Loss of baggage cover worth Rs 10000, delay in checked in baggage cover worth Rs 5000.
• Save with 0% transaction fee on fuel purchase at select IOC and IBP petrol pumps.
• Balance transfer facility at 0% interest for 75 days.
• ‘Flexi Pay’ – Convert your retail purchases into an easy installment payment plan at low rate of interest.
• Free Purchase Protection against fire and theft up to Rs. 15,000 for 90 days.
• 24 hour SBI Card Customer Helpline in India.