The Vietnam International Bank (VIB) cooperates with the global payment technology company Visa to launch Family Link credit card. With feature of unlimited 16 times of reward points for family bonding expenses and utility of investing for children’s future, Family Link is the wise choice for young families.
In the context of the event, Ms. Dang Tuyet Dung – Visa Country Manager for Vietnam and Laos shared: “We congratulate VIB on the launching of Family Link, the credit card combining outstanding values of spending – protection – savings that Visa is proud to accompany with. This is the very first collaborative product between our two organizations. We believe that there will be more Visa – VIB products which bring the best values to consumers in the future.”
“The features were built based on the family bonds to optimize the benefits for users. Family Link credit card will be a comprehensive solution for any modern family that wants to protect and save for their children’s future through daily expenses. We are proud to work with leading partners, including Visa, to bring the best values of industry-leading solutions to Vietnamese users and continue VIB’s strategy of leading card trend in Vietnam.” Ms. Tran Thu Huong – VIB Strategy Director and Head of Retail Banking Division told Vietnam Insider.
16 times of and unlimited reward points for family bonding expenses
As the first VISA – VIB credit card for young family, Family Link accumulates 16 times of and unlimited points for family bonding expenses. For every 1,000 VND spending, cardholders will receive 5 Smile points. The point is 20 for kid entertainment, healthcare, education and weekend dinning. On special occasions such as Birthday, Valentine’s Day, the point is up to 40 for every 1,000 VND spending, 8 times of usual rate.
Especially, if husband and wife open 2 primary cards and register linking, Smile point will be doubled, and contrarily, the annual fee will reduce to 50% during the card’s life. Therefore, the points can be up to 16 times and can be combined from two cards to exchange for more valuable gifts. In addition, spending on birthdays and wedding anniversaries will receive the highest reward points for both linked cards.
Funding love for children’s future
VIB offers 100,000 Smile points on the birthday of Family Link cardholders’ children, up to 200,000 points/year/primary card-holder and 1,000 scholarships worth 1,000,000 VND/rate for the children of Family Link cardholders that have the highest spending of the year.
In addition, VIB offers 4 times of Smile points for parents when pay insurance premiums of PRU Hanh Trang Truong Thanh via automatic payment service with Family Link. This education insurance product of Prudential Vietnam supports parents protecting and saving for their children’s future with key benefits: Accumulating for education fund of the child, building up a flexible financial fund for every moment of the kid journey, securing a brighter future for the children in case risks happen to parents, financial protection for whole family against unexpected risks.
Smile points are accumulated unlimitedly during the card’s life. The points can redeem for cash/ e-voucher/ Annual fee. Especially, parents can actively enroll to redeem the accumulated Smile into Daily Saving Account via MyVIB or Hotline 1800 8195. VIB plus 3% interest for the first 3 months of Daily Saving Account that is linked with a Family Link card and has a term of 6 months or more. In this way, the more family bonding spending, the higher the savings balance.
Receive credit card information within 30-45 minutes
Customers can register for Family Link at their convenience online with a few simple steps: access the credit card section on our website: https://vib.com.vn, choose the ‘Family Link’ product and click the ‘Apply now’ button, filled the required information that takes approximately 3-5 minutes, receive credit limit approval results up to VND 200 million within 30 minutes; card information will be sent to MyVIB in 5 seconds and can start spending online right away.
For Family Link card being issued in this September, cardholder will be refunded up to 1.5 million VND for spending from 5 million VND within 45 days from the card issued date and be offered 1 million VND Mykingdom e-voucher. In addition, the customers will be joined lucky draw to get 02 Mercedes Benz and hundreds of hi-tech gifts with the accumulated card spending in September from 2.5 million VND.
In the meantime, Family Link cardholders can always enjoy tons of attractive offers at well-known brands for children, current incentives including: Discount of 100,000 VND for bills from 500,000 VND at Canifa, Discount of 50,000 VND for the first 200 cardholders who spent from 300,000 VND to shop online at Fahasa every month, 200 cardholders who make transactions from 500,000 VND Mykingdom every month will receive e-code 150,000 VND for the next purchase, Refund 100,000 VND for the first 200 cardholders that spent 800,000 VND at Baby monthly, etc.
Further information about Family Link card can be found at: www.vib.com.vn