StanChart, Tigerair tie up on airline credit card

[SINGAPORE] Standard Chartered and budget carrier Tigerair have tied up to launch a no-frills airline credit card.

"We have carried out research which clearly indicates that travel-related spends and spends on no-frills airlines have increased," said Som Subroto, regional consumer banking head of Standard Chartered (Singapore and South-east Asia). "This credit card would suit value-conscious travellers in Singapore perfectly."

According to the bank, travel-related spending on credit cards has grown by at least 35 per cent year-on-year while spending on budget carriers has jumped 20 per cent.