Comments
These are times of instant nirvana. Many things are done just at the click of a button or a mouse from the comfort of one’s home or office. Now, City Union Bank customers can generate a credit card online.
The Kumbakonam-headquartered bank introduced the option of an “instant credit card” for free for its Net banking customers. And, the product, which was soft-launched on Saturday, seems to have caught the fancy of its customers instantly. Bank sources told BusinessLine that about 80 customers had generated a credit card on Day 1.
“The use of the card for instant transactions will, however, be allowed only from Wednesday,” said N Kamakodi, Chief Executive and Managing Director of CUB.
All that a customer has to do is log on to his/her net banking account and seek a credit card. Only, the customer must have a fixed deposit with the bank. “We will mark a lien on the FD. The customer will be allowed a credit limit of up to 80 per cent of the deposit or a maximum of ₹3 lakh,” he said.
On capturing the PDF image of the card, the customer can go online shopping instantly.
“The image will reflect the card number, card-holder’s name and expiry date. The physical delivery of the card will take a day or two... In the meantime, the card-holder can use it for online purchases.
CUB has tied-up with MasterCard for the instant credit card.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.