HDBank & JCB launch co-branded Credit Card in Vietnam

By Gloria Mathias

Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank), a commercial bank in Vietnam, and JCB International (JCB) have announced the launch of the HDBank JCB Ultimate Credit Card and the acceptance of JCB Cards in Vietnam.

HDBank becomes JCB’s 17th partner financial institution and provides card acceptance at their accepting locations for all JCB cards issued in and out of Vietnam.

HDBank JCB Ultimate cardmembers will enjoy a range of cashback programs depending on spending volume, such as up to 20% on spending in Japan, 6% in all countries except Vietnam and Japan, 4% at POS terminals in Vietnam, and 15% on travel services, including hotel and resort reservations.

In addition, cardmembers are entitled to other premium privileges such as golf discounts with minimum spending requirements, travel insurance packages for flight cancellations and delays or lost baggage, an installment program applicable to all in-store transactions, and other special promotions.

With the launch of the HDBank JCB Ultimate Credit Card, HDBank has also become the official acquiring bank of JCB, marking a milestone in the cooperation between HDBank and JCB. Cardmembers of HDBank JCB Ultimate have access to JCB’s acceptance network of approximately 43 million merchants worldwide.

The partnership with HDBank will further enhance the acceptance of JCB cards at merchants across Vietnam, benefiting JCB cardmembers visiting the region as well as local JCB cardmembers.

HDBank has strong financial potential and modern technology, providing a wide range of financial and banking services to individuals, businesses, and investors.

JCB is a global payment brand and a credit card issuer and acquirer in Japan. JCB Cards are issued mainly in Asian countries and territories. As part of its international growth strategy, JCB has formed alliances with hundreds of banks and financial institutions globally to increase its merchant coverage and cardmember base.