A type of card which requires full payment to be made at the end of the billing cycle unlike the credit cards for which the balances can be carried forward.

Credit Shield Protection provides cover on the outstanding balance payable against any unforeseen circumstances such as loss of life or permanent disability.

Credit bureau prepares a detailed report of individual’s credit history and used by a lender in which is used to determine creditworthiness of the applicants.

The fee charged for the use of credit or the extension of existing credit which can be  a flat fee or a percentage of borrowings.

It is an agreement between a company and the bearer where the company provides a guarantee of compensation against any loss, death, damage or illness in return for payment of specific premium.

During this period, you are not charged interest on your credit card. It is the time period between the date of purchase and the monthly bill due date.

It is the outstanding amount on your credit card that you owe the bank.

It is a yearly fee charged by banks for the use of some credit cards. The charge varies from banks and type of credit card.

It is the maximum limit on a credit card which is allowed by the bank. If this limit is exceeded, credit card may be refused and additional charges could be applied.

Cash refunds on purchases made on the card by the card issuer.

Credit Card Loan shall mean a loan that is granted to a Cardholder who meet the eligibility criteria determined by the Bank from time to time for a particular product.

It is a fee charged to the card account in case the current balance in the card account exceeds the assigned credit limit. It will be charged once in a billing cycle.

It is an instruction that the car holder provides the bank to debt the card holders saving or current account for a percentage of total payment due each month.