Difficulty: Easy
Correct Answer: ICICI Bank
Explanation:
Introduction / Context:
With the growth of digital payments, banks in India have introduced contactless cards that allow customers to make small value payments simply by tapping their cards on enabled terminals. Business credit cards extend these benefits specifically to enterprises and frequent travellers. This question checks awareness of which Indian bank launched the country's first contactless business credit card in partnership with Jet Airways, combining travel rewards with modern tap and pay technology.
Given Data / Assumptions:
Concept / Approach:
To answer, we recall which bank has a well known long term co branded relationship with Jet Airways involving premium credit cards and frequent flyer benefits. ICICI Bank partnered with Jet Airways to issue co branded credit cards and introduced India's first contactless business credit card under this association. The other banks in the list have their own airline or travel partnerships, but this specific first in market product was attributed to ICICI Bank and Jet Airways working together.
Step-by-Step Solution:
Step 1: Identify that the question is about a co branded product in partnership with Jet Airways.
Step 2: Recall that ICICI Bank has historically had a strong co branded card programme with Jet Airways, offering JetPrivilege miles and travel benefits.
Step 3: Note that the product in question is not just any credit card, but India's first contactless business credit card, which is a specific milestone noted in financial news.
Step 4: Check the other banks. Axis Bank and HDFC Bank have partnerships with other airlines and also issue contactless cards, but they were not credited with launching this particular first business contactless product with Jet Airways.
Step 5: YES Bank likewise has various payment products but is not identified with this launch.
Step 6: Conclude that ICICI Bank is the correct answer.
Verification / Alternative check:
You can double check by remembering promotional materials and advertisements that highlighted the ICICI Bank Jet Airways business card with tap and pay capability for quick transactions at airports, hotels and partner outlets. Reports on the launch emphasised that it was described as India's first contactless business credit card, combining reward miles and business spend features. No similar claim was widely made by the other banks in exactly this form, which supports the choice of ICICI Bank.
Why Other Options Are Wrong:
Axis Bank: Although Axis Bank offers contactless cards and has airline partnerships, it was not specifically credited with this first business contactless card with Jet Airways.
HDFC Bank: HDFC has a large credit card portfolio, including contactless cards, but the landmark product described in the question belongs to ICICI Bank.
YES Bank: YES Bank also issues credit cards, yet there is no widely reported collaboration with Jet Airways for launching the first business contactless card.
Common Pitfalls:
Because several banks now offer contactless cards, some candidates guess based on which bank they personally use, rather than recalling the specific co branding with Jet Airways. Others may confuse personal travel cards with business oriented cards, overlooking the important detail that this was a business credit card product. Focusing on the exact wording of the question and linking Jet Airways with ICICI Bank helps avoid these errors.
Final Answer:
India's first contactless business credit card in partnership with Jet Airways was launched by ICICI Bank.
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