NEWS & ADVICE : CREDIT CARDS
Café Coffee Day to offer loyalty cards for its customers
By Ankit Sharma
Jun 15, 2009
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Café Coffee Day has in tied up with the global player in credit cards, American Express to offers a co-branded credit card to its customers.

The cardholders who spend Rs 250 or more on the weekends (from Friday to Sunday) at the any of the company's outlet will be entitled to a gift voucher for a complimentary Latte at other the outlets of Café Coffee Day. CCD has 280 participating outlets, scattered across major cities like Bangalore, Chennai, Delhi and Mumbai.

The president- marketing, Café Coffee Day, Bidisha Nagara, said, "We are delighted to partner with American Express, one of the world's most respected service brand. This partnership will help us in bringing great value to our customers and yet again establishing our brand promise that ‘a lot can happen over coffee..."

Nagara hope to deliver value to the customers via this tie-up.

"Our partnership with the leader in the specialty coffee business in India is yet another example of how we partner with merchants to provide enhanced value and convenience to our customers in everyday spend category. This partnership will not only allow our mutual customers to get an exciting offer, but also help them to earn rewards faster for spending they have to do anyway," said, Sunil Sachdev, head of global merchant services - India and Asian countries, American Express.

The overall credit card usage is decreasing due to economic slowdown. Banks have also slowed down on issuance of new cards, considering the increasing delinquency rates.

Amalgamated Bean Coffee Trading Company Ltd. (ABCTCL) is the Asia's largest integrated coffee conglomerate. The group has vertically integrated businesses under the parent brand, 'Coffee Day'. The Café Coffee Day is the largest retail coffee café chain in India. The company pioneered the café concept in India. In 1996, it opened its first café at Brigade Road in Bangalore.

Other allied businesses of the group are Coffee Day Xpress, Coffee Day Beverages, Coffee Day Fresh 'n Ground, Coffee Day Exports and Coffee Day FMCG.

Established in 1850 in New York City, American Express Company, entered the Indian market in back in 1921. The company which has presence in over 130 countries around the globe, offers travel related services and credit cards for individual and corporate customers.

 


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