Credit card users to use card for online transaction at least once: HDFC
By Ankit Sharma
May 30, 2014
Print    Email    RSS   

One of the leading banks of the country – HDFC bank recently declared that the credit users of the bank cannot avail the benefits on the card such as free insurance covers if they do not use the card for the online transaction once in a month.

Even the customer uses the card at the ATM, but in order to enjoy the benefits and keep the Personal accident cover active customer needs to use the card for the online transaction at least once.The HDFC stated that through this measure the bank wanted to develop the habit of card among the users instaed of using cash for the daily purchases.

Further this will increase the use of credit and debit cards at the POS and will help the bank to earn huge revenue. The measure will be effective from 1st of july, 2014.

(Comments Posted : 0) Post Your Comments
Show All Comments
 Select a product:

 Select a product:

HDFC Bank sets up common phone banking no.
Be familiar with your Cash-Back Credit Card
Increasing trend of prepaid cards in India
Petro Cards 101: A detailed guide
Deter & detect ID thefts: Keep your...

Good Morning, i forgot my FCMB Account Number and...
Radhey@09646870399 @Escoℛts In#Chandigarh...
Radhey@09646870399 @Escoℛt In#Chandigarh...

91st Founders day of the Karnataka Bank Feb 18, 2015
Banks on strike from 25th February Feb 16, 2015
SBT bank postponed the Open House meet Feb 13, 2015
Yes bank planning to line up for credit card portfolio Feb 12, 2015
Pocket banking – new app by ICICI bank Feb 11, 2015
News Archive