Reliance Silver and Gold Credit Cards

Bank. I Reliance Capital's Credit Card [ADAG] was supposed to be launched in association with HDFCam not sure what went wrong with Reliance ADAG management that they scrapped the deal. However we had some information about the launch that would have happened.

Reliance and HDFC Bank had proposed Reliance Silver Card and Reliance Gold Card.
Proposed details for Reliance Silver Card are as follows.

• Eligibility - 21+ Years and Annual Income of Rs 84,000 for salaried or Rs 72,000 for self employed and Rs 96,000 for Private / Partnership
• Joining Fee - Rs 300. Annual Fee Rs 700
  
• Additional Card - Free for Life
• 2.95% pm or 35.4% Annually
• Petrol Transaction surcharge of 2.5%

Proposed Details of Reliance Gold Card are as follows.

• Eligibility - 21+ Years and Annual Income of Rs 1,80,000 for salaried or Rs 1,50,000 for self employed and Rs 2,00,000 for Private / Partnership
• Joining Fee - Rs 500. Annual Fee Rs 2000
• Additional Card - Free for Life
• 2.95% pm or 35.4% Annually
• Petrol Transaction surcharge of 2.5%

NOTE: The HDFC Bank Reliance Capital deal has been scrapped and new deal with Citibank has been struck. The above information is just to let you guess how Reliance-Citibank cards will be structured.