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Credit Cards
Add On Card / Supplementary Card : Additional card issued to the spouse or dependent of the principal holder.
Air Accident Insurance : The insurance cover provided for by the issuer, against death of the card holder in an air accident.
Annual Fee : The sum billed to the card holder on an annual basis.
Baggage cover : The insurance cover provided for by the issuer, in the event that the card holder looses his baggage while traveling.
Cash advance fees : The fee charged to a card holder for cash withdrawals normally as a percentage or as a minimum amount.
Charge Card : Any card where the bill amount has to be paid in total by the payment date.
Credit Card : Any card used from time to time to borrow money or buy goods or services on credit.
Debit Card : A plastic card that looks similar to a credit card, that consumers may use to make purchases, withdrawals or other types of electronic fund transfers against the balance/average balance maintained in the holder's account.
Eligibility : Standardised criteria specified by card issuers to evaluate willingness and ability of a customer to qualify for a credit card.
Entrance Fee :The one time fee charged by the card issuer for issuance of the card.
Free credit period : The period during which no interest is paid on the amount of credit extended.
Global Card : A credit card that may be used internationally.
Lost card liability : The feature that limits a customer's liability on report of loss of the card.
Monthly Interest rate : The rate of interest charged by the issuer on the amount outstanding after the lapse of the free credit period.
Personal Identification Number : A unique identification number attributed to each card issued that enables the card holder to transact or interact electronically.
Purchase protection : A feature that protects all purchases on a card from damage or loss due to fire or theft upto a certain limit.
Reward Points : Incentives offered by issuers to encourage use of credit cards by the holders.
Service Fee : The fee levied by the issuers for services rendered to the card holder
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