Credit Cards

1. Credit Cards
Toghrul Kazimov
1

2. What is the
Credit Card?
a payment card allow cardholders
buy goods and services now and pay
it back later
Your Credit on the Card
2
OR

3. Signature period
Magnetic strip
PIN
3

4. Advantages
For Cardholder:
Simple
No need to approach bank to take a
credit
Convenient
For Merchants
Less risky 4

5. Source of
revenue for
Banks?
Joining Fee
Card Renew Fee
Service Charges from Retailers
Interest Rate from Cardholder
5

6. Disadvantages
For Cardholder:
Loss or stealing of
Card
For Merchants:
Fee
For Banks:
Risk of Fraud
6

7. How does process happen?
Not so complicated
7

8. Which types of Credit
Card do we have?
Based on Issuer:
Individual
Corporate
8

9. Which types
of Credit Card
do we have?
Based on franchise:
Visa
American Express
Master
Domestic tie-up ….
9

10. Which types
of Credit Card
do we have?
Based on geographical
validity:
International
Domestic
10

11. Which types of
Creadit Card
do we have?
Based on Status:
Standart
Business
Gold
11

12. Which types
of Credit Card
do we have?
Based on Credit
Recovery:
Charge
Revolving
12

13. How does process happen?
Not so complicated
13

14. 14
What about
Gambling Games?
Banks don`t like Gambling
Games

15. How to prevent Fraud
on Credit Cards?
Keep it safe
Don`t share PIN code
Check statement
often
Report any
questionable
charges to the card
issuer
Use 3D
15

16. What`s 3D?
16

17. Fees in
Azerbaijan
17
● Rate 20-30%
● Max. Amount Threefold of wage
● Guarantee 1-2 surety (depend on amount)
● Requirements 1. ID Card
2. Reference from Company
3. ID card’s copy
4. Reference copy from
company