Debit and credit card


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  • Nice explanation on credit cards for more information related to credit cards you can visit Before you apply for any of the fintech product recommend to have a free credit score check. Refer
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  • Debit and credit card

    1. 1. Debit and Credit Card Presented byAshwini Pathak -64 Sibymol Varghese 97 Krishna Yagnik -120
    2. 2. Introduction  Debit card n credit card introduced -1970’s  Corporation Bank-Debit card  Andhra Bank -Credit Card
    3. 3. Debit card  Plastic card - provides a alternative payment     method to cash when making purchases Electronic check - the funds are withdrawn directly from the account BANK CARD or CHECK CARD Instant withdrawal of cash, acting as the ATM No annual fee
    4. 4. Types of Debit Cards     Pin only debit cards Dual-use cards Prepaid debit card Online /offline debit cards and others
    5. 5. Credit Card  Card entitling its holder to buy goods and services based on the holder's promise to pay for these goods and services  User can borrow money for payment to a merchant and then pay it later with an amount of interest charged  Issued to an account holder who has a regular income not less than 15k
    6. 6. Types of credit cards  Standard Credit Card  Premium Credit Card  Limited Purpose Credit Card  Specialty Credit Card
    7. 7. Transaction and parties involved  Merchant  Acquirer  Issuer  Cardholder PROCESS:
    8. 8. Recent trends  Debit cards are more popular with consumers than credit cards  Rise in credit & debit cards spending: -Debit card spends have risen six times(Rs 74,400 cr) -Credit card spends have more than doubled(Rs 1.23lakh cr)  Punching PIN must for debit card transactions (from 1/12/13)
    9. 9. SBI HDFC Bank SBI Platinum Card Joining Fee (One time)- Rs. 2,999 Fuel Freedom: 2.5% fuel surcharge waiver for each transaction between Rs.500 & Rs.4000 Platinum plus Credit Card Annual Fee/Renewal - Rs. 299 0% Surcharge on petrol transactions between Rs. 400- Rs. 5000 only SBI Signature Corporate Card Joining Fee (One time)Nil Annual Fee (p.a.)- Upto Rs. 499 Railway Tickets - Railway CountersRs. 30 + 2.5% of transaction amount Online Railway booking- 1.8% of transaction amount + service charge, as applicable Corporate Visa Signature Credit Card Joining Fee (One time)Nil Annual Fee- Nil Railway Ticket Purchase- Rs. 30 + 2.5% of transaction amount SBI Platinum Corporate Card  Joining Fee/ Annual fee- Nil Cash Advance fees: SBI ATMs/Other Domestic ATMsupto 2.5% of withdrawal amount or Rs.300/International ATMs- upto 3% of withdrawal amount or Rs. 300/- Corporate Platinum Credit Card Joining Fee/Annual fee- Nil Cash Advance fees: upto 2.5% of withdrawal amount or Rs.300/(whichever higher)
    10. 10. SBI Air India SBI Platinum Card Annual Fee- Upto Rs. 1499/- HDFC Bank Jet Privilege HDFC Bank Platinum Credit Card Annual Fee/Renewal Fee- Rs, 999/-
    11. 11. Features  Access Across the World  E-statements  SMS Alerts  Easy Bill Pay Facility  Interest Free Period: upto 50days
    12. 12. Penalty for Late Payment (SBI)  NIL for Total Amount due from Rs.0-Rs.200  Rs.100 for Total Amount due greater than Rs.200     & up to Rs.500 Rs.200 for Total Amount due greater than Rs.500 & up to Rs.1000 Rs.350 for Total Amount due greater than Rs.1000 & up to Rs.5000 Rs.550 for Total Amount due greater than Rs.5000 & up to Rs.10,000 Rs.750 for Total Amount due greater than Rs.10,000
    13. 13. Penalty for Late Payment (HDFC)  Bills up to Rs.100 Nil  Bills between Rs. 100 and Rs. 500 Rs.-100  Bills between Rs. 501 and Rs. 5,000 - Rs. 400  Bills between Rs. 5,001 and Rs. 20,000 - Rs. 500  Bills above Rs. 20,000 - Rs.700
    14. 14. Comparison  final xcel of wm.xlsx
    15. 15. Problems faced by Debit & Credit Card holder Problems Unauthorized Purchases Privacy Breaches Identity Theft Mass Hacking Solution -Reviewing statements each month -Setting up fraud alerts with the major credit reporting agencies (TransUnion, Equifax and Experian ) -Avoid using wi-fi networks in public -Change your password on regular basis - Avoid sharing Social Security on fraudalent sites -(credit card processing company hacked in 2012) -Contacting credit card issuer regularly
    16. 16. THANKYOU!!!