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๐Ÿ‡น๐Ÿ‡ผ Taiwan /Economy & Trade

Taiwan Business Bank launches first premium 'Fu Chi Infinite Card,' expanding into personal finance

From Liberty Times · () Chinese

Translated from Chinese, summarized and contextualized by DistantNews.

At a glance

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  • Taiwan Business Bank has launched its first premium "Fu Chi Infinite Card," marking a significant step into personal financial services.
  • The card targets high-net-worth individuals, offering integrated lifestyle benefits and aiming to enhance the bank's brand and competitiveness.
  • The launch signifies the bank's strategic expansion beyond its traditional corporate finance focus to build a more comprehensive financial service portfolio.

Taiwan Business Bank (TB Bank) has officially launched its first premium credit card, the "Fu Chi Infinite Card," signaling a major strategic push into the personal financial services sector. This move represents a significant milestone for the bank, which has historically focused on corporate and SME financing.

The Fu Chi Infinite Card is not only the first premium credit card issued by TB Bank, but it also symbolizes the bank's important step from deeply cultivating corporate finance to venturing into the personal finance market, demonstrating its determination to continue deepening wealth management and high-end financial services.

โ€” Li Jia-xiangChairman of Taiwan Business Bank, explaining the significance of the new card launch.

The Fu Chi Infinite Card is designed to cater to high-net-worth clients, offering a suite of exclusive benefits including travel, dining, accommodation, airport lounge access, and diverse rewards. TB Bank aims to leverage this premium product to elevate its brand image and strengthen its competitive position in the personal banking market. The card's introduction is part of the bank's broader strategy to deepen its wealth management and high-end financial services.

The launch of the Fu Chi Infinite Card officially announces TB Bank's full stride into a new milestone for personal finance. In addition to targeting high-asset clients, we hope to enhance brand image and personal financial competitiveness through quality credit card products, opening up new growth momentum for the century-old bank.

โ€” Li Jia-xiangChairman of Taiwan Business Bank, on the strategic importance of the new card.

TB Bank, established in 1915, has a long-standing reputation for supporting small and medium-sized enterprises. The expansion into personal finance is a response to evolving market demands. The bank plans to integrate this new offering within a broader financial ecosystem, collaborating with various partners to provide a more holistic high-end lifestyle experience. Initially, the card will be available by invitation to existing VIP clients, particularly those within the bank's substantial base of SME customers.

Many clients have accompanied TB Bank's growth all along, but in the past, due to the lack of premium credit cards, there was always a missing piece in high-end card benefits. We hope that through this card issuance, we can complete the product line and provide customers with a better experience and rewards.

โ€” Fang Ying-zheVice President of TB Bank, explaining the motivation behind filling a gap in their product offerings.
DistantNews Editorial

Originally published by Liberty Times in Chinese. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.