Credit card Number structuring Types of credit card Legal frameworks Eligibility

1. TOPIC : CREDIT CARD
Submitted To,
SUNDAR B N
Assistant Professor and Course coordinator
Govt. First Grade College For Women
Holenarsipura
Submitted By,
Gunavathi H D
1st M.Com
GFGCW Holenarsipura

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3. INTRODUCTION
The first universal credit card, which could be
used at a variety of establishments, was
introduced by the Diners’ Club. Inc., in 1950.
Another major card of this type, known as a
travel & entertainment card, was
established by the American Express
Company in 1958.

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MEANING
Also known as plastic money, it is a
means 0f deferred payment.
A credit card is a payment card
issued to users as a system of
payment. It allows the cardholder to
pay for goods & services based on
the holder’s promise to pay for them.
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5. CREDIT CARD
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6. CREDIT CARD NUMBER
STRUCTURING
 1st – 6 No’s – Bank of Credit Card
 Next – 9 No’s – Individual A/C No
 Final Digit – Validity Check Code
 Extra Codes – Will be Issue & Security Code
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Leading credit card issuers in India like HDFC Bank, SBI Card,
Axis Bank offer a number of cards, each catering to unique
individual needs like fuel, online shopping, dining, movies,
groceries or a mix of all.
Credit card boom in India : 10 crore cards expected by 2023
end. According to RBI data, in April 2023, India had over 8.6
crore credit cards outstanding, a growth of around 15% from
7.5 crore in April 2022.
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TYPES OF CREDIT CARDS
1. Reward Credit Card
2. Business Credit Card
3. Travel Credit Card
4. Platinum Credit Card
5. Freedom Credit Card
6. Money Back Plus Credit Card
7. Millennia Credit Card
8. Regalia Credit Card
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9. Eligibility For Getting The Card
 Persons should have a savings current
account in the bank.
 Assets and Liabilities on a particular date are
reported to bank.
 A statement of annual or monthly income.
 Considered credit worthy up to certain limit
depending upon income, assets and
expenditure.
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11. Offers of Credit Card

12. Legal Frameworks(Acts related to
Credit Cards)
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CONCUSION
Credit cards provides a convenience to
consumers, acting as both a method of
payment & a flexible credit instrument.
We may expect then that most
consumers would pay a modest net
monetary cost to access this
convenience.

15. THANK YOU