One can understand about credit cards

1. CREDIT CARDS

2. CREDIT CARD
A credit card is a physical payment card that allows you
to get credit from a financial institution. You can use the
pre-approved limit to make purchases and repay the
borrowed amount with an interest each month within
your billing cycle.

3. FUNCTIONS OF CREDIT CARDS
 Alternative to cash
 Credit limit
a) Normal Credit limit
b) Revolving Credit limit
 Aids payment in domestic and foreign currency
 Record keeping of all transactions.

4. FUNCTIONS OF CREDIT CARDS
 Regular charges
a) Annual charges
b) Additional charges
 Grace Period
 Higher fee on cash withdrawals
 Additional charges in delay in payments
 Service tax
 Bonus points
 Gift and other offers

5. TYPES
Silver credit card
 All purpose credit card
 Value plus credit card
 Earn while you spend
 Add on cards
 Zero liability on last card

6. VALUE PLUS CREDIT CARD
 Value plus cash back any time any where
 Value plus credit card any where during the year and some
banks offer up to 5% cash back on retail spends
 Category: Cash back Railway, Hospitals, Medical stores
5%
 Grocery, Dept. Stores, Supermarket, Restaurants 1.50%
 The cash back will be credited to the card account in
subsequent statement condition that the total amount due in
the current statement is 10000 or above
 Cash Advance: Many banks give an option of cash
advance that is, go to an Member ATMs and withdraw cash
up to 10% of the credit limit at a very nominal charges.

7. VALUE PLUS CREDIT CARD
 Revolving credit facility: This feature allows the customer to pay a
minimum instance 5% (subject to a minimum amount of 200) of the total
bill amount o amount whichever is convenient. Then the customer can
carry forward the balance financial month, for which they pay a charge [for
e.g. 3.25% per month].
 Interest Free Credit Period: Credit Cards these day gets an Interest Free
Credit to 50 days from the date of purchase. Subsequently, if it is carry
forward outstanding balance paid will be just pay a nominal interest per
month.(
 Zero liability on lost card: If the customer happens to lose the Card, it has
to be immediately to the 24-hour call center of the bank. After reporting the
loss, some b zero liability on any fraudulent transactions on the card
thereafter.(month, for which they pay a charge [for eg. 3.25% per month)

8. Gold Credit Card
It's overloaded with travel benefits-discounts, cashback offers,
air miles redemption. It introduced the customer to a whole
new world of privileges.
Features and Benefits
(i) Attractive Reward Points: Banks give attractive reward
points to customers every time they use the card. For
instant, earn 1 reward point per 150 spent on the Gold
Credit Card.
(ii) Rewards points redemption: After earning all those
reward points on the Bank Gold Credit Card, the
customer can redeem them for exciting gifts and
services. Certain banks even convert them to airline
miles with India's leading airlines through the my rewards
programme.
(iii) Revolving credit facility: This feature allows the
customer to pay a minimum amount, for instance 5%
(subject to a minimum amount of 200) of the total bill
amount.

9. Gold Credit Card
 Free Add-on card: You can share these wonderful
features with your loved ones too ,offer the facility
of an add-on card for your spouse, children or
parents. Allow us to off add-on cards to you free of
cost with our compliments.
 Interest Free Credit Period: Credit Cards these
day gets an Interest Free Credit Period of to 50
days from the date of purchase. Subsequently, if it
is carry forwarded and the outstanding balance
paid will be just pay a nominal interest per month.
 Zero liability on lost card: If the customer
happens to lose the Card, it has to be reported in
immediately to the 24-hour call Centre of the bank.
After reporting the loss, some hanks give zero
liability on any fraudulent transactions on the card
thereafter.

10. Titanium Credit Card
Features and Benefits
 Titanium Rewards: These privileged customer get reward
points every time they use the card. For instance, the
unique reward points structure gives 2 reward points for
every 2150 on domestic spends and 5 reward points for
every 150 on international spends.
 Zero petrol surcharge: The add-on beneficial feature is
known as earn while spend on the fuel. The customer
enjoys not only a full waiver of the fuel surcharge but also
gets the benefit of earning reward points on these spends.
 Zero liability on lost card: If the customer happens to
lose the Card, it has to be reported it immediately to the
24-hour call center of the bank. After reporting the loss,
some banks give zero liability on any fraudulent
transactions on the card thereafter.

11. Titanium Credit Card
 Interest free credit facility: Avail of up to
50 days of interest free period from the
date of purchase (subject to the
submission of the charge by the
Merchant).
 Revolving credit facility: This feature
allows the customer to pay a minimum
amount, for instance 5% (subject to a
minimum amount of 2200) of the total bill
amount or any higher amount whichever is
convenient. Then the customer can carry
forward the balance to a better financial
month, for which they pay a charge [for
e.g. 3.25% per month].

12. WOMAN’S CREDIT CARD
Attractive rewards programme
Wide choice of redemption
Revolving credit on last card- This
feature allows the customer to pay a minimum
amount, for instance 5% (subject to a minimum
amount of 2200) of the total bill amount or any
higher amount whichever is convenient. Then
the customer can carry forward the balance to
a better financial month, for which they pay a
charge [for e.g. 3.25% per month].
Zero liabalilty-24 hrs

13. Platinum Plus Credit Card
 Features and Benefits
 Attractive Reward Points: The unique Rewards
program on the Platinum Plus Credit Card lets the
customer to accumulate 2 reward points per Rs. 150
spent. 0% Fuel surcharge customers they enjoy can
now fuel up as and when they want, without worrying
about the surcharge complete freedom from fuel
surcharge when they purchase fuel between 400 and
5000 with the Platinum Plus Credit Card.(
 Zero liability on lost card: If the customer happens to
lose the Card, it has to be reported it immediately to the
24-hour call Centre of the bank. After reporting the loss,
some banks give zero liability on any fraudulent
transactions on the card thereafter.
 Interest free credit facility: Avail of up to 50 days of
interest free period from the date of purchase (subject
to the submission of the charge by the Merchant

14. Platinum Plus Credit Card
 Revolving credit facility: This feature
allows the customer to pay a minimum
amount, for instance 5% (subject to a
minimum amount of 200) of the total bill
amount or any higher amount whichever is
convenient. Then the customer can carry
forward the balance to a better financial
month, for which they pay a charge [for e.g.
3.25% per month].
 Free Add-on card: You can share these
wonderful features with your loved ones too -
we offer the facility of an add-on card for your
spouse, children or parents. Allow us to offer
add-on cards to you free of cost with our
compliments.

15. World Master Card Credit
Card
Features and Benefits
 World Luxury: Banks offer these cards to
customers which entitles then to an
exclusive indulgence. Customer in the
hospitality of hotels and resorts world wide.
Customers can enjoy the fine culinary
delights of the hotels and enjoy a discount
on their visits through the membership.
 World Rewards: Customers are reward for
their passion, refinement, taste and
experience. The rewards range from exotic
to interesting to measurable - all with a
powerful accelerated Reward Program!(iii)

16. World Master Card Credit
Card
World Benefits: Customers also
enjoy an interest free period up to 50
days, the lowest interest rate of on
revolving credit facility (for instance
36.6% annually) and petrol surcharge
waiver of (for instance 2.5%) across
all petrol pumps in the country.
Zero liability on lost card: If the
customer happens to lose the Card, it
has to be reported it immediately to
the 24-hour call center of the bank.

17. Corporate Platinum Card
Corporate Platinum Card is a premium offering to
provide the customer with truly world beating features on
the credit card. It comes with a unique 24x7, Expense
management solution.
 24x7 online MIS availability.
 60 MIS reports for better informed business
decisions.
 Substantial savings for the business through better
negotiations with airlines, hotel chains and other
service providers.
 Streamlines accounting procedures by consolidating
transaction data from around the world.
 Helps in integrating with the existing accounting
systems.
 Helps in minimizing paperwork and simplifying
reconciliation

18. Business Platinum Card
Platinum Card is a premium Business
Card that helps customers save on their
Business expenses, while keeping in
mind their affluent lifestyle.
Clipper Lounge Access: Customers
get access to Airport Lounges at various
Airports in India- a unique offer from Master
Card.
Higher Credit limit: Customers enjoy get
up to Rs. 20 lacs as credit limit on the card
basis the company/business financial

19. Business Platinum Card
 Attractive Business Savings: Customers enjoy
get save on their business related spends with
unique features and extensive partner tie-ups by
the banks.
 Revolving credit facility: Pay a minimum
amount, which is 5% (subject to a minimum
amount of Rs. 200) of your total bill amount or
any higher amount whichever is convenient and
carry forward the balance to a better financial
month. For this facility you pay a nominal charge
of just 3.15% per month (37.8% annually).
 Interest free credit facility: Avail of up to 50
days of interest free period from the date of
purchase (subject to the submission of the
charge by the Merchant).

20. Business Platinum Card
 Cash at your fingertips: In a situation where
you need cash, just step into any one of our
ATMs or MasterCard Member ATMs and
withdraw cash up to 30% of your credit limit at a
very nominal charge.
 Zero liability on lost card: If you happen to lose
your Card, report it immediately to our 24hours
call center. After reporting the loss, you carry
zero liability on any fraudulent transactions on
your card.

21. Purchase Credit Card
 Purchase Card is a credit card
solution given to corporate by Banks
to facilitate quick payments for
business expenses for corporate and
their employees. It helps the corporate
manage business expenses and
makes purchase transactions
smoother by eliminating the hassles of
cash and cheque payments. It can be
used only for official business expense
purposes and records all purchase

22. Purchase Credit Card
The Corporate Purchasing Solution
helps reduce purchasing costs
considerably as follows:
(i) Eliminates the delay and cost of
traditional purchase transactions.
(ii) (Enables effective control to track
and manage spending.
(iii) Automates purchase process for
easy account management.

23. Purchase Credit Card
Key Features
Authority is granted by the bank to
designated employees of corporates for
official purchases through the card.
Customizable product - The Purchase
card can be restricted at
The Merchant Category Code (MCC)
level
The Bank's EDC terminal/Payment
Gateway level

24. Business Benefits
 Reduces transaction processing time, cost of
high volume and low value transactions for the
Corporate.
 Streamlines the payment process and enables
account management control.
 Reduces the cost of goods by consolidating the
supplier base and negotiating more favorable
pricing from preferred suppliers.
 Minimizes risks associated with fraud, forgery
and theft through a secure, totally mechanized
card programme.
 Provides online expense management
solutions minimizing paperwork and simplifying
reconciliation.