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The New Competition Among Bank Cards

The article argues banks are increasingly competing on experiential privileges, such as early concert ticket access, rather than just cashback or discounts. VPBank is cited as an example: VPBank Mastercard holders can buy BIGBANG world tour tickets 3 days before public sale, along with a 200,000 VND discount at the pop-up store and access to soundcheck and meet-and-greet sessions. VPBank said it spent about two years negotiating to bring T1 to Vietnam. The piece also points to South Korea's Hyundai Card, which built a culture, art and entertainment ecosystem and has run its Super Concert series since 2007, turning its card into a membership pass. According to the article, this approach helps banks attract customers through personal interests and retain them for future events.

Summary written by Upside AI from the original article. Read the source for full details.

Original headline: Cuộc cạnh tranh mới của những chiếc thẻ ngân hàng

Read the original on CafeF ↗

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