Wednesday, August 19, 2009

Citibank introduces ‘Citi Titanium Cash Rewards Credit Card’

Citibank, one of the largest full service banks in the world offering an unparalleled range of products and services, has announced the launch of the Citi Titanium Cash Rewards Credit Card in the country.

The lender claims that with the power of cash back and the flexibility of rewards rolled into one, the card offers 5 times rewards on all weekend spends, multiple reward redemption options and the lowest interest rates in the category at 2.5% per month.
Apart from above features, the card will offer 0% fuel surcharge at Indian Oil petrol pumps and discounts on retail, dining and lifestyle through the MasterCard exclusive program.

The card will carry a fee of Rs.750 per annum.
However, Citibank has decided to offer this credit card to customers at an annual fee of Rs.500, and 200 reward points on first usage of the card under its special limited introductory time-period offer.

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Barclays launches Platinum credit card in India

Barclays Global Retail and Commercial Bank (GRCB) India introduced a Platinum Credit Card with added offerings across travel, hospitality, world class brands, adventure sports as well as a rewards programme.
Privileged cardholders will get more as they spend at every step which is an unmatched proposition both in terms of benefits and experience for these customers.

Speaking about the new offering, Ram Gopal, Interim Managing Director, India, Barclays GRCB said, ‘‘Globally, our Barclaycard Platinum offering has attracted customers who enjoy the finest things in life. We expect this to be true in India as well. "

The card presents a number of ‘Platinum Privileges Welcome’ offerings. Starting with a classic Emporio Armani watch and cufflinks. There are a host of offerings like complimentary golf packages at two renowned golf courses in India and six golf courses internationally and access to golf courses at attractive rates for both avid golfers and aspirants."

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Monday, August 3, 2009

Preventing Credit Card Frauds!!!

To make sure that there are no frauds on Credit cards, Rbi has issued some guidelines for online usage and made it mandatory for Credit card companies to follow the rules from 1st Aug 2009.
This is a very positive step to prevent Credit Card frauds and will increase the customers trust on spending online in the long term.

Lets now understand what changes Rbi guidelines has brought in online Credit Card payments mechanism.
Till 31st July, online shopping required 16 digit card number and the cvv number which is printed on Credit Card.
To steal someone else Credit Card number and the Cvv, was quiet easy as Credit card are handed over in restaurants, petrol pumps, malls etc and the Credit Card number and cvv number can be noted down by anyone down and later used to do a fraudulent Credit Cards purchase.

The new system makes sure that a customer registers himself with his Credit cards at the Banks website and creates a password for himself. Now when he makes any purchase, the online transaction company will ask for that password after you have put your Credit Card number and the cvv number. Thus the extra password helps in securing your transaction and thus making your Credit Card more secure. With this the chances of any frauds on your Credit Card reduces down.

So, Go get yourself the new password and fell safe while shopping online.

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