LINE Bank announced today (July 7) that it will be partnering with Commonwealth Bank and Standard Chartered Bank to issue co-branded credit cards in Taiwan. It also announced a partnership with Fubon Securities to launch a securities settlement account service, becoming the first pure online bank in Taiwan to collaborate with a securities firm on securities settlement.
The co-branded credit cards issued in cooperation with Commonwealth Bank and Standard Chartered Bank claim that regardless of whether they are Commonwealth LINE Bank co-branded cards or Standard Chartered LINE Bank co-branded cards, you can enjoy unlimited cash back benefits without logging in or competing for a quota, including 2% on domestic consumption, 3% on overseas consumption regardless of country, or 1% on insurance premium payments.
Anyone with a LINE Bank account can apply for a co-branded credit card within 24 hours. Furthermore, Commonwealth Bank offers rewards of up to 5% on selected online purchases, while Standard Chartered Bank offers unlimited purchases over 6 yuan and a 0% interest installment plan for six installments.
As for the securities delivery account service launched in cooperation with Fubon Securities, it can complete the dual opening of securities delivery and securities accounts in as fast as 3 minutes. Users can log in to LINE Bank through the LINE service at any time, and see the securities delivery account opening entrance on the main account page, making it easier for users to manage funds.
