Gild Credit Card

Note: If you open an FD of amount Rs.1 lakh then credit limit offered for the secured credit card will be Rs.90,000 (90% of FD amount). 

Functionalities of Gild Application 

The following are some of the significant activities that can be performed through Gild application: 

1. Locking and unlocking Gild card 
2. Activating Gild card 

1. Offers card instantly 
2. Managing limit of the card 
3. Downloading, viewing, and controlling statement 
4. Deposits can be managed 
5. Increasing limit 

1. Using passcodes for securing application 
2. Allows setting reminders for paying bills 
3. Allows users to both disable and enable transactions through online, PSO, and international   

How to Get the Gild Card? 

Here are the steps to obtain the Gild Card: 

1. Download the Gild application on your mobile device 
2. Sign up with your mobile number 
3. Enter your details as requested 
4. Select an amount for fixed deposit as per your preference 
5. Complete the e-KYC process 

1. Book the FD by transferring the FD amount 

After completing the process of booking your FD, a Gild Credit card with a credit limit of 90% of FD amount will be provided. Virtual cards can be downloaded by the customer by downloading the mobile application. 

Eligibility Criteria 

Any individual within the age gap of 18 to 61 years and with a valid PAN card are eligible for Gild Card 

Offers and Rewards on Gild Card 

The following is the list of offers and reward that customers can avail themselves of using Gild Card: 

1. On every purchase using Gild Card, customers can earn Gild Petals 
2. Customer can earn 0.75% as Petal on every transaction made using Gild card 
3. On spending more than Rs.3 lakh per year, Gild Card offers annual fee waiver 
4. Allows the card users to build a good credit score 

1. Users who are not eligible for other credit card available in the market, can apply for Gild Card 
2. Digital gold can be converted into physical 24K gold coins 

Note:  

1. The Petals earned as rewards can be redeemed as cashback, digital gold and other rewards. 
2. Petals earned are valid for lifetime 

Fees and Charges  

The following is the list of fees and charges imposed on Gild card users: 

Card and Transaction Limits 

The limit offered on Gild card and transactions are: 

What Makes Gild Cards Different from Other Cards? 

The following are the factors that makes Gild cards different from other cards: 

1. Customers can set their credit limit without any interference of the bank 
2. Charges lowest markup fess for Forex 
3. Helps building credit score 

1. The Annual Percentage Rate is lower than other cards 
2. Allows cash withdrawal without charging any interest 
3. Secures your money as the fund is insured by DICGC 

What are the Conditions under which Gild Cards may Get Cancelled? 

The following are the conditions for applying for cancellation of Gild Cards: 

1. Incomplete KYC within 12 months of e-KYC process 
2. Changes in bank policies 
3. Mismatch in information provided by the customer 
4. Not clearing payment due for 60 days 
5. Absence of nominee or nominee refuses to continue the card after demise of primary cardholder 

1. Card can be cancelled by the bank under the following unsocial activities: 

1. Involvement of card user in any civil or criminal activity as per court of law or professional body 
2. Detection of fraudulent activity, as per AML or fraud control and foreign exchange policies of RBI 
3. Card used for anti-social or speculative activities 
4. Card exploited in business commercially 

Important Terms and Conditions  

The following are vital terms and conditions associated with Gild Card: 

1. Gild mobile application is available on Android and iOS devices 
2. Digital cards can be downloaded immediately from the application 
3. Physical Gild card can be received by the user within seven working days 

1. Deposit options are available are Rs.20,000, Rs.50,000, Rs.1 lakh, and Rs.2 lakh 

Note: Gild cards are non-functional in some of the regions such as Manipur, Meghalaya, Tripura, Assam, Mizoram, Nagaland, Sikkim, Arunachal Pradesh, Ladakh, and Jammu and Kashmir.