GSB and KTC launched the first joint credit card, “KTC-GSB Visa Platinum”

GSB and KTC launched the first joint credit card, “KTC-GSB Visa Platinum” and “KTC-GSB Titanium MasterCard”. Generating a surge in Thai credit card business. Brand new! The reward points can be traded for Premium Savings Certificates. 50,000 cards are expected for the first year. Government Savings Bank (GSB) cooperated with KTC to launch the first joint credit card in Thai credit card business to provide complete financial services for GSB customers, to expand the customer base in the new group. To promote the customers to replace cash payment with reasonable credit card spending, both “KTC-GSB Titanium MasterCard Card” and “KTC-GSB Visa Platinum Card” were offered as alternatives for customers. Moreover, the privilege that has never been offered by anyone was granted; KTC Forever Rewards can be traded for Premium Savings Certificates (PSCs) of which the 1st prize is ten million Baht. KTC and GSB were confident to receive great response from customers of Premier Banking, Premium Savings Certificates (PSCs), GSB Life (Life Insurance), Fix Deposit and general customers of GSB. The card members were expected to reach 50,000 in the first year. Mr. Lersuk Chuladesa, President and Chief Executive Officer, Government Savings Bank, said “KTC-GSB credit card, which results from the business alliance between GSB and KTC or Krungthai Card Public Company Limited, is a form of development or selection of financial services to respond to the needs of GSB customers in a more diverse and complete way. GSB believes and has trust in KTC which becomes the leader of Thai credit card business by its modern and distinguished marketing style and its number one business allying network. Furthermore, KTC is the company under the umbrella of Krung Thai Bank Public Company Limited that is the financial institute under Ministry of Finance, the same affiliation as GSB. Therefore, this should be the collaboration that adds value to the services for GSB customers. Particularly, GSB customers who would like to replace cash payment with credit card spending for goods and services will receive greater convenience and benefits in their daily spending, such as, gasoline, hospital, shopping in discount stores and traveling.” Mr. Nawatt Chittalarn, President and Chief Executive Officer, “KTC” or Krungthai Card Public Company Limited, said “This cooperation with GSB is another honor for KTC, as a Thai financial institute, to have an opportunity to work with the government bank, the great ally with financial stability, a long history in serving Thai people and the GSB customer base. KTC-GSB credit card is regarded as the first GSB credit card offered directly to GSB customer base and general interested customers to extend the channel for GSB customers to be convenient in receiving more complete services. In addition to providing the customers with the credit card that is the state-of-the-art spending tool and well accepted worldwide by the standards of VISA and MasterCard, this is also the way to increase KTC customer base up from the present 1.6 million cards.” Mr. Niwatt added “The major benefits of “KTC-GSB Titanium MasterCard Card” and “KTC-GSB Visa Platinum Card” are more special than any other previous credit cards. That is, for every 25 Baht spending via the card, customers will receive one KTC Forever Rewards point, of which every 1,000 points can be traded for two 50-Baht units of Premium Savings Certificates (PSCs), valuing 100 Baht in total, the right to win the 1st prize of 10 million Baht (2 prizes) and other 850,000 prizes, total value 270 million baht per month, plus special offer for the customers who apply for “KTC-GSB credit card” from today to 30 June 2009. When making payment via the card anywhere within 31 July 2009, they will immediately receive 5 units of PSCs for spending greater than 25,000 Baht, receive 15 units of PSCs for spending greater than 50,000 Baht, receive 30 units of PSCs for spending greater than 75,000 Baht and receive 60 units of PSCs for spending greater than 100,000 Baht.” “The members of “KTC-GSB Titanium MasterCard Card” and “KTC-GSB Visa Platinum Card” will also be unconditionally exempt from entrance and annual fees forever and receive the same basic benefits and promotions as other KTC cards. The applicants of KTC-GSB credit cards must be at least 20 years old. The applicants of Titanium card must have at least 40,000 Baht monthly income and at least 70,000 Baht monthly income for Platinum card.” “Moreover, in order for KTC-GSB credit card members to receive the greatest convenience in performing financial transaction, we open payment services at 36 “KTC Touch” customer service centers nationwide. For more information, please contact KTC Phone at 0-2665-5000, follow up from “What’s Up” magazine, visit website www.ktc.co.th”, contact over 600 GSB branches nationwide, visit website www.gsb.or.th or call Contact Center at 1115.” “We fully hope that KTC-GSB credit card will become an alternative for the customers to select the efficient financial tool that adds value to their spending, especially, during the present economic condition. We anticipate that there will be people holding 50,000 cards this year.” Mr. Niwatt concluded. For more information: Public and Corporate Affairs Department “KTC” or Krungthai Card Public Company Limited Kandtharat Chermchitphong Tel. 0-2828-5057 Suchada Weerasakulrak Tel. 0-2828-5732 Jinuchanun Suksawat Tel. 0-2828-5085 Fax. 0-2828-5046 E-mail: [email protected] Click for photo release at www.thaipr.net

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