Lifestyle | Your Money

May 06, 2013

Bramer Bank: Launch of New Credit Cards

Bramer Bank launched new credit cards that, according to management, their holders to benefit from lower interest rates. The bank applied to the Platinum card a monthly interest rate of 1.33%. On the Classic and Gold cards, it was reduced to 1.5% per month.

"For most consumers, credit cards are synonymous with exorbitant fees and interest rates. Bramer Bank wanted to show that it is possible to provide affordable credit cards that are beneficial to consumers "rate, said Issa Soormally, Senior Vice President - Head of Sales at the bank. The public, he says, can make savings of Rs 200 to Rs 950 on membership in the first year costs.

Bramer The Bank says it is able to deliver the credit card 48 hours the submission of the client application, provided that it meets the established criteria. Credit cards also allow an interest-free period of up to 45 days and offer discounts at more than 400 merchants in Mauritius.

"This offer is part of the diversification strategy of Bramer Bank which is in this case to strengthen our segment "credit cards" while broadening our market share, "says Nirish Beeharry, Head of Card Business. In addition, Bramer Bank says it wants to democratize the use of the credit card as payment, but also as a means of financing consumption.

 

Text by Le Mauricien
 

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