The new card caters to common spending needs, including online shopping, food delivery, and daily purchases. Specifically, customers receive up to 12% Shopee xu cashback for each transaction on Shopee and ShopeeFood, with a maximum of 400,000 xu per month. For dining, supermarket, and travel transactions, customers get 4% Shopee xu cashback, capped at 200,000 xu per month. Accumulated xu is directly transferred to their Shopee account for future purchases.

Beyond cashback, new cardholders receive an e-voucher valued at 300,000 VND upon activating and spending with the card, subject to VPBank's conditions. The bank also provides 12 months of ShopeeVIP package usage and waives the card issuance fee during the launch period.

The VPBankS Rewards Mastercard credit card is exclusively for Shopee enthusiasts. *Photo: VPBank*

S Rewards Mastercard holders also enjoy various other privileges within VPBank's promotional ecosystem, including "VPBank Day" offers on the 15th of each month, featuring discounts and cashback from numerous partners nationwide.

Customers can apply for the card entirely online via the VPBank NEO digital banking platform, with the registration process taking approximately 10 minutes. Upon completion of the procedures, cardholders can immediately use the card through digital payment methods, shortening the time to access credit, especially for young customers and busy families.

In addition to shopping benefits, the VPBank S Rewards Mastercard offers an interest-free period of up to 55 days, helping customers manage their cash flow, particularly during peak spending periods such as the upcoming Tet holiday. The annual fee waiver policy, based on spending conditions, also helps reduce long-term card usage costs.

A VPBank representative stated that the launch of the S Rewards Mastercard provides an opportunity to reach over 40 million Shopee users in Vietnam. This initiative allows the bank to expand its credit card product coverage and capitalize on the growth potential from customers with distinct digital consumption habits.

"The VPBank S Rewards Mastercard was developed by analyzing actual customer spending behavior, focusing on practical values such as high cashback rates, a quick application process, and flexible use on digital platforms, to deliver a card product that meets the needs of modern consumers", a VPBank representative stated.

The introduction of the S Rewards Mastercard is part of VPBank's strategy to expand its "Shopping Card" pillar. This move aims to diversify its card ecosystem, addressing the increasingly varied consumer demands amidst the continued development of digital payments. The product also positions VPBank as one of the banks with a diverse portfolio of credit and multi-purpose cards in the market.

(Source: VPBank)

Customers can apply for the card here.