How VIB Family Link credit card reduces fees, increases rewards from April 27th?

Starting from April 27, VIB Family Link cardholders will enjoy remarkable changes, including a 50% reduction in annual fees, a shift from the Smile rewards feature to a cashback points system offering up to 10% cashback, complimentary insurance packages for cardholders, and support for children's education expenses.

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Three Changes to the VIB Family Link Card Line from April 27

Launched in 2021, VIB Family Link is the first credit card line in Vietnam designed specifically for families, helping parents plan their household expenses and support their young children. Over the past three years, this product has brought joy to tens of thousands of families with Smile reward points for every family expense such as healthcare, education, insurance, birthday celebrations, wedding anniversaries, and more.

Understanding that family expenses always account for a large portion of the monthly budget, VIB has recently upgraded the Family Link card’s features to optimize benefits for users. Accordingly, from April 27, 2024, cardholders can choose to register for one of three spending categories based on their actual family needs: Education, Healthcare, or Insurance, and receive up to 10% cashback. Other spending categories receive 0.1% cashback on total transactions. The maximum total cashback is 1,000,000 reward points per billing cycle.

For cards issued before April 27, 2024, customers have the option to upgrade to the new features by registering for a spending category via MyVIB or VIB Call Center (1800 8195) for free. If they keep the same card, cardholders will continue to receive the same reward point benefits and annual fee as before.

As part of this feature upgrade program, VIB Family Link also offers an educational insurance package for children and accident insurance for cardholders – a practical gift replacing the previous global travel insurance package.

VIB Family Link cardholders also receive many attractive benefits, especially when they link to open a card for their spouse. Specifically, the annual fee is reduced by 50%, to only VND 499,000 for the primary card and VND 250,000 for supplementary cards from April 27, 2024. In addition, supplementary cards will be exempted from 50% of the fee for life if they open a primary card and link within 30 days

When opening a new VIB Family Link card from now until June 30, 2024, cardholders will also enjoy the following offers: annual fee refund for the first year for the primary card and 2 supplementary cards, and an additional 10% cashback on spending within 90 days of card issuance (up to VND 1,500,000). To receive this offer, VIB offers relatively easy conditions, such as opening a card on special days or spending from VND 5,000,000…

Increasing Touchpoints, Connecting with Vietnamese Families

With its many innovative features, VIB Family Link has been recognized by International Finance Magazine as the “Best New Card 2022”. This card product is popular with families with young children, especially young couples in their 30s who need to prepare for new milestones in their lives, such as marriage and childbirth.

In addition to starting to save, young families need to experience life, prioritize education for their children, buy life insurance for the breadwinner, spend on healthcare, and eat out on weekends… To meet these needs, VIB Family Link continues to maintain popular features and offers from previous years.

Specifically, cardholders can pay 0% installments (no fees, no interest) for all education expenses at all schools and training centers nationwide. Parents simply need to choose a course that is suitable for their child’s age and needs, then contact the VIB call center to register for a 3-6 month installment period.

In addition to cashback, cardholders also enjoy simultaneous discounts from VIB’s partner ecosystem, including VIB Travel with up to 40% off travel, VIB Dine with up to 30% off dining, VIB Shop with up to 20% off shopping, and VIB Move with up to 20% off travel. Joining cardholders on their summer adventures are over 130 reputable partner brands of VIB, such as Qatar Airways, Traveloka, Klook, Trip.com, Agoda, Grab, Lazada, Shopee, ShopeeFood, CellphoneS, The Face Shop, Beauty Box, InterContinental Saigon, Park Hyatt Saigon, Sofitel Saigon Plaza, New World Saigon, and more.

With the upgrade of a series of new features, VIB believes that the Family Link card line will continue to maintain its position as the “Best Credit Card for Families” in the hearts of users. With three spending category options – Education, Healthcare, and Insurance – according to each family’s needs, and the flexibility to change throughout the life of the card, with cashback of up to 10%, cardholders will find it easier to lay the first bricks as a foundation for Knowledge – Health – Finance for their children’s future.

Family Link 2024 once again affirms VIB’s position as a leader in card trends in Vietnam. Each card now carries the lifestyle of Vietnamese families, along with a variety of features and benefits that are superior to the market. By providing a comprehensive financial solution and optimizing benefits for new generation families, VIB aims to accompany customers on every journey“, shared a VIB representative.

To increase touchpoints with users, VIB has recently partnered with the reality TV show “Super Mom – SuperMom”, to bring banking products and services closer to modern families. Through the first episodes aired from March 16, VIB and Super Mom have and are bringing to life vivid images of the journey of mothers and children, of spending experiences, and of raising children in daily life.

Joining VIB and Super Mom, from May to the end of July, toy brand Mykingdom is offering an exclusive 30% discount to Family Link credit cardholders when shopping throughout the system. This is an opportunity for Family Link cardholders to shop for special toys for their children at a very favorable price.

Register to open a VIB Family Link card in just 5 minutes to enjoy three new features and discover offers for new cardholders from now until June 30, 2024 here.

SOURCEcafef
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