Santa Claus comes around just once a year. In the meantime, there are Credit Cards.
DCB, a top contender in the private sector, is a scheduled commercial bank that is regulated by the Reserve Bank of India. This bank boasts of over 300 branches across 19 states in the country and provides a plethora of products and services.
DCB Bank was established in the 1930s and the Aga Khan Fund for Economic Development is State-of-the-art technology and robust customer care service is given utmost priority by this new generation bank. DCB Bank also provides you with internet, personal as well as business banking services.
The various segments of DCB are SME, Retail, Micro-SME, Commodities, Agriculture, Indian Banks, Government Public Sector, Non-Banking Finance Companies and Co-operative Banks. As part of their retail banking portfolio, DCB Bank provides you with a plethora of products and services such as credit cards, prepaid cards and debit cards.
A bank with fantastic products and services, DCB Bank places emphasis on robust customer care service and latest technology. In terms of expertise, DCB may be relatively new but their credit card is known for its unique features, benefits as well as affordability. Following are the reasons that would compel an individual to opt for the DCB bank credit card.
If there is one product that has changed the face of the economy today, it is the credit card. These plastic cards may look small and unimportant but wield a significant influence in the financial world. Ever since their inception, credit cards have been used for various purposes and is also highly popular due to the sheer number of benefits and features provided by them.
Firstly, credit cards are firstly highly convenient. It is easier to carry around a small card that can be swiped at most locations. It is also much more secure than carrying around a bundle of cash. Additionally, using credit cards can result in you availing Reward Points, AirMiles and other discounts that can be utilised later. Through credit cards, you can also purchase products and services both within and outside the country through online shopping. The list of benefits goes on and on.
However, despite the numerous benefits offered by this financial tool, if misused it can cause a serious dent in your finances. You are advised to pay your bill in full because not doing so will result in you having to pay an additional interest. Paying just the minimum amount due is also allowed but strictly not advised. If bills are not paid on time, you will have to end up paying a hefty amount and may result in you spiralling into a debt trap. Therefore, not all can procure credit cards but only those who meet the necessary eligibility criteria can avail the same.
However, diligent usage of a credit card is highly beneficial and recommended as well. There are a number of companies today that provide customers with credit cards with DCB Bank being one of the top providers. Individuals can avail DCB credit cards either online or offline.
One of the foremost banking service providers in the country, DCB Bank is renowned for their products and services along with robust customer care service. DCB Bank provides you with a number of cards such as debit, credit as well as prepaid cards. Individuals can apply for a DCB Bank credit card online by visiting the website of the bank.
You can also drop a mail to the bank and will be contacted by them the bank directly.
Individuals can also apply for the DCB Bank credit card offline. This can be done by visiting the nearest branch of DCB Bank. Individuals will have to fill in the required form along with the necessary documents. If you meet the eligibility criteria that has been put forth, you can procure the credit card.
Applicants can also contact the customer care service of DCB Bank through their toll free number at any given point of time for any queries or doubts regarding the same.
A secured credit card that provides a plethora of benefits and features, the DCB PayLess credit card is the only credit card that is currently provided by DCB Bank. This credit card as the name suggests is secured against a fixed deposit, thereby providing more savings and flexibility. Secured credit cards also usually procured by first time credit card holders or those that do not have a good credit score.
Through the DCB PayLess credit card, you can save more and pay less at the same time. This credit card comes with a multitude of benefits and features.
| Particulars | Charge |
|---|---|
| Annual fee | Rs.350 |
| Finance charges | 24% per annum or 2% per month |
| Domestic Cash Withdrawal Fee | 2.5% or Rs.250, whichever is higher |
| Late payment charges (per month) | Rs.100 |
| Overlimit charge | 2.5% per month of the amount over credit limit |
| Cheque bounce charge | Rs.250 per returned cheque |
| Petrol transaction charge | 2.5% (subject to a minimum of Rs.10) This charge is waived at all petrol pumps to a maximum of Rs.500 per card every year |
| Railway ticket booking or Cancellation surcharge | 2.5% of the transaction value (subject to a minimum of Rs.25) |
| Statement request |
|
| Reissue of lost or stolen card | Rs.150 |
| Replacement of damaged card Free | NIL |
| Balance transfer processing fee | 2% processing fee waived off |
| Foreign currency transactions | 3.5% |
| International usage at Visa ATMs | Balance enquiry Rs.25 per transaction |
| International usage at Visa ATMs - Cash withdrawal | Rs.125 per transaction |
| Outstation cheque charge | Less than Rs.10,000 - Rs.50, Rs.10,001 to Rs.1 lakh- Rs.100, More than Rs.1,00,001 – Rs.150 |
| Account Closure |
|
You will have to be above the age of 18 and should have a fixed deposit with DCB Bank.
For further details regarding the same, you are advised to contact the bank directly.
DCB Bank is a new generation bank that provides you with a number of unique products and services that are customer friendly as well. These products can be procured quite easily without any hassles. The PayLess credit card by DCB Bank is secured against a fixed deposit and can be availed by those who do not have good credit scores or have never owned a credit card before. Using this card judiciously can help you build your credit while enjoying the numerous benefits provided by this credit card. Individuals can apply for this card by either visiting the nearest branch of DCB Bank or by visiting the official website of the bank.
You can reach the DCB credit card customer care at 022 6899 7777 or 040 6815 7777.
The late payment charge is Rs.100 every month.
Yes, you can close your credit card account. However, you will have to pay a fee of Rs.500 if you close the account before a year and Rs.200 if you close the account after a year.
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