A new HDFC Bank credit card with Walmart India link has been launched. It is a co-branded credit card and is quite exclusive. Today at `Best Price’ Store, this HDFC Bank-Walmart India co-branded credit card was launched by Krish Iyer, President & CEO, Walmart India, and Parag Rao, Country Head, Payments Business and Marketing, HDFC Bank in the presence of Annie Zhang, Regional Managing Director APAC for Discover at the event.  The card was launched at 26 other `Best Price’ Modern Wholesale Store locations pan India.

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“This partnership reiterates our commitment to help our members, especially kiranas and other small businesses to prosper. This will help the members streamline their business processes and spend more time in their stores and serve their customers. By making payments through cards, our members are contributing to India’s growth as an efficient digital economy. We are delighted indeed to be taking steps in creating shared value in the country.”Krish Iyer, President & CEO, Walmart India added. 

This HDFC Bank credit card is meant exclusively for members of Walmart India's Best Price stores across the country. Around one million members are now being introduced to this co-branded card with benefits like rewards and cashbacks on all purchases and savings of up to 6% on annual spends. HDFC Bank will set up booths inside stores to process applications for credit cards and  provide related customer service.

There are 2 versions of the cards, First the entry level card is known as Best Price Save Smart and offers annual savings of up to Rs 14,250 subject to certain spends and the premium variant is known as the Best Price Save Max card and offers annual savings of up to Rs 40,247. The card will be supported by Diners Club International, a business unit of Discover Financial Services which will help the Best Price members to simplify and manage their business spends, all while enjoying unique privileges and offers.

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“Our agreement with HDFC Bank and Walmart India will provide their Best Price members convenient payment solutions and the ability to use the co-branded card online or in-person when shopping at Walmart India’s Best Price Stores,” said Annie Zhang, Regional Managing Director APAC for Discover. “By leveraging Discover global network, HDFC Bank Best Price co-branded cardholders will be able to take advantage of many exclusive benefits available to Diners Club members while also gaining worldwide acceptance.”