EarlySalary in partnership with DCB Bank launched SalaryCard, a new type of credit line exclusively designed for salaried employees. Eligible individuals can apply for the card through the EarlySalary mobile app. From document verification to approval, everything takes place on the app, enabling a hassle-free processing to the users.
Once the card is approved, a digital version will be generated on the app and can be used instantly for all online transactions. For in-store transactions, a physical card is required which will be provided on cardholder’s request.
SalaryCard provides the employees with instant credit that can be used for shopping, emergency medical expenses, travel and entertainment, children’s education and to purchase electronics.
The total credit limit available on the SalaryCard varies for each customer and is mainly dependant on the income to expense ratio of the individual. Each category will have a different dynamic credit limit and repayment tenure.
With a SalaryCard, users can enjoy more credit limit, flexible tenures and hassle-free processing. The card offers most of the privileges provided by a credit card without any joining fee or annual fee.
The entire application and approval process of the SalaryCard is through the EarlySalary mobile app. If you wish to apply for the card, you need to download the app and follow the steps below.
Once your request is received, the team will review your application and provide you with the credit limit for your SalaryCard.
If you’re fine with the credit limit, you need to verify your KYC through the EarlySalary app itself. Once your KYC is verified by the loan officer, you will receive a confirmation message about the approval or rejection of your request.
If approved, your SalaryCard is created in the app. You will receive an SMS and e-mail with card activation details.
The Digital SalaryCard is issued to you through the EarlySalary app as soon as you successfully activate your card. To access the digital card, you need to open the app, click on ‘SalaryCard > Digital Salary Card’.
You will initially find the digital card on the dash board with a masked card number. In order to unmask the number, you need to create a mobile passcode. The passcode is a 6-digit number that is required to access your card details every time.
As mentioned earlier, the mobile passcode is a kind of password to access your digital SalaryCard and the details. The following are the steps to generate it.
Your passcode is now set. Remember the 6-digit number as you need to enter it every time you want to access your SalaryCard details.
Once the passcode is generated, you will be able to view the card details such as card number, CVV, and expiry date.
You need your physical SalaryCard only when you want to carry out in-store transactions using your card. For all the online transactions, the digital card is sufficient. Also note that both the cards carry same number, CVV, and expiry date. To request for a physical SalaryCard, follow the steps.
You’re likely to receive your physical SalaryCard at your registered mailing address in 10 working days.
The EarlySalary app also has a feature to track the delivery status of your physical card. Click on the ‘Track Card’ option, enter your tracking ID to know the status.
You need a PIN only when you are using the physical SalaryCard. For online transactions, you don’t need the PIN to process the transaction. Also, you can generate the PIN only when you have requested for the physical card or when you’re using one. The following are the steps to generate PIN for your physical SalaryCard.
Once the PIN is generated, you can start using the card at all point-of-sale (POS) terminals that accept RuPay PaySecure payment across India.
You can use your SalaryCard just like how you use any debit card for both online and instore transactions. However, there are certain things you need to keep in mind while conducting transactions using the SalaryCard.
Travel and Entertainment
Medical and Insurance
You will receive your SalaryCard monthly statement directly to your registered e-mail. The total outstanding, which varies from each category, along with the due date, transaction details, and other details will be mentioned in the statement. Make sure you make the payment before the due date.
Follow these steps to repay your SalaryCard outstanding due
Your outstanding will be displayed along with the payment options. Choose one and complete the transaction. You will receive a message once your payment is credited to the account.
Follow these steps to reset the passcode of your EarlySalary mobile app
step 1: Open the mobile app
step 2: Click on 'SalaryCard' section
step 3: Find and click on 'Forgot Passcode' option
step 4: You will be prompted to answer two security questions, answer the same
step 5: Once the answers are verified, an option to set ‘New Passcode’ will appear
step 6: Enter a new 6-digit passcode
step 7: Confirm 'New Passcode'
Once the PIN is reset successfully, the screen will display the confirmation message.
Yes, you can block your SalaryCard using EarlySalary app or website, or by calling EarlySalary customer care.
Before blocking the card, do note that blocking SalaryCard is permanent and it cannot be reversed. Hence, it’s only recommended if your physical card is misplaced/lost or stolen. Once you block your card, you won’t be able to do any transactions on your card nor will you be able to unblock the card.
Steps to block your SalaryCard using EarlySalary app or website
step 1: Open the app or website
step 2: Click on the ‘SalaryCard’ section
step 3: Login by entering your passcode
step 4: From the menu, select ‘Block’ option
step 5: You will be prompted to answer the reason for blocking the card
step 6:Enter passcode once again to confirm the request
Once the passcode is validated, your SalaryCard, both digital and physical cards will be blocked.
As mentioned earlier, there is no option to unblock the card. The only way is to raise a request for card replacement. You can find the same option in the app.
There are a few instances during which the POS transactions using your SalaryCard may get declined -
To complete the KYC, you need to submit self-attested copies of Aadhaar Card and PAN Card.
Currently, there are no reward points offered on SalaryCard. The only reward you can expect for now is that the more you use your card, the higher would be the probability of increasing the credit limit.
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