Sacombank launches Sacombank Mastercard Only One card, a one chip debit cum credit card. — Photo courtesy of the bank

Sacombank and Mastercard have launched a high-tech international card line that features both credit and debit cards on a single card.

Sacombank Mastercard Only One, which is Viet Nam’s first one chip debit cum credit card, enables customers to have a card that integrates both a monthly salary payment account and a backup financial source for their financial needs.

They will be able to withdraw cash of up to 90 per cent of their credit limit at all domestic and international ATMs, get a credit limit of VND10 million (US$437.9) or more, make zero interest instalment purchases, and benefit from special offers from around the world from Mastercard.

Besides conveniences such as scanning QR codes to pay, withdrawing money without a plastic card and enjoying discounts of up to 50 per cent when dining, shopping and traveling, cardholders also get e-commerce payment insurance when shopping online in case goods are not delivered or are not the same as described. — VNS