Everyone should have a Visa card or a Mastercard card. 9. HDFC Bank also reserves the right to change and modify the terms and conditions at any point in time without prior notice to Card members. Please note that in India, payment through contactless mode is allowed for a maximum of Rs. 2000 for a single transaction where you are not asked to input your Credit Card PIN.
This brings us current to today’s financial landscape, where Visa and MasterCard have introduced prepaid debit cards, which operate like a hybrid ATM card (minus the bank account) and Gift Card (but the balance can be re-added to). Visa and Master Card make the payment to the merchant establishments where the cards are used and charge the company that actually issued the card to the customer a fee for making the up front payment on their behalf.
Global Acceptance: Today, most credit cards that are issued in India are international cards and are accepted by various merchants all over the world. Payment by Mastercard only. Up to 10 reward points after exceeding spends limits of Rs.4 lakh. Depending upon which type of credit card that you have, all or some of these fees will apply.
The usual request is for the customer to enter the code on the reverse side of the Visa card in the space provided. You can now redeem your cash back rewards anywhere MastercardÂ® is accepted. The PSBank Credit Mastercard gives you benefits of using a credit card without the need to pay the annual fee for life.
4 reward points on every Rs.150 spent online. It is the maximum amount that a cardholder can spend on any of the cards, provided that the sum of the outstanding balances on all of the cards does not exceed the Single Limit. Add-on Cards – Many banks allow their credit cardholders to apply for add-on cards for their immediate family members.