CT Fincorp - Credit Card

What Is A 'Credit Card

A credit card is a card issued by a financial company which enables the cardholder to borrow funds. The funds may be used as payment for goods and services. Issuance of credit cards has the condition that the cardholder will pay back the original, borrowed amount plus any additional agreed-upon charges. The credit company provider may also grant a line of credit (LOC) to the cardholder which allows the holder to borrow money in the form of a cash advance. The issuer pre-sets borrowing limits which have a basis on the individual's credit rating..

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Top reasons to get the Rewards Credit Card

Earn 10 Reward Points for every Rs 125 spent at apparel & department stores and select partners.
Continue earning Reward Points at rate of 1 point for every Rs 125 on all other purchases.
Redeem points instantly at select partners.

Benifits of Credit Card

Welcome Gift – Many banks offer a welcome gift to new credit card applicants once the card is issued to them. This gift can be in the form of bonus points, gift vouchers, discounts, etc. The welcome gift differs depending on the card and the bank.
Rewards Program – All credit cards generally have a reward program, which allows cardholders to earn reward points on every transaction they make using their cards. The amount of points that cardholders can earn per transaction is fixed and differs from card to card. The points that card members collect can be redeemed for various gifts that are listed in the rewards catalogue of the cards. These gifts can be discounts, product, services, cashback offers, etc. Some credit cards allow card members to redeem their points against air miles and cash as well.
Fuel Surcharge Waiver - Many banks offer fuel surcharge waiver to credit cardholders when they spend specific amount of money on fuel every month. This offer is available on fuel transactions made at all Indian petrol bunks.
Cashback Benefits – There are certain credit cards that offer cashback benefits to the customers. The amount of cashback that will be offered depends on the provider.
Lifestyle Benefits – Cardholders can enjoy various lifestyle benefits on their credit cards. Lifestyle benefits include dining, shopping, golf, wellness, entertainment, etc. privileges.
Travel Benefits – This is one of the major reasons for credit cards being so popular among people. There are some credit cards that offer amazing travel benefits to the customers. Travel benefits include air miles, airport lounge access, travel insurance, airline offers, hotel offers, etc. Airport Lounge Access – Some credit cards offer complimentary airport lounge access to the cardholders. The offer varies from one bank to another. Some banks put a limit on the number of visits, while some others allow access only to Indian airport lounges.
Exclusive Privileges from Visa/American Express/MasterCard – Visa, MasterCard and American Express are three popular and recognized credit card variants. Depending on the variant of your card, you can enjoy exclusive lifestyle, travel, etc. offers from MasterCard/Visa/American Express.
Add-on Cards – Many banks allow their credit cardholders to apply for add-on cards for their immediate family members. Most card issuers offer add-on cards for free, but some of them limit the amount of add-on cards that one can apply for. Cardholders can enjoy all the privileges of their primary cards on their add-on cards.
Air Miles – Certain credit cards such as travel or Airline cards offer Air Miles to their customers. These miles can be JPMiles, Air India Air Miles, etc. Cardholders can collect these miles and redeem them to avail flight tickets and other travel benefits.

Flexibility Fee and Charges

Interest Rate

3.25% per month (40% per annum). This can change periodically based on your spend, payback and utilization patterns.
Annual Fee

Your annual fee of Rs1000 is waived on making spends of Rs30,000 in a membership year.

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Fuel

Instant redemption at over 1200 participating oil outlets.
Redemption rate at oil outlets: 1 Reward Point = Rs 0.25 | Minimum Points required to redeem: 250.

In-Store Shopping

Instant redemption at select partner stores.
Redemption rate at stores: 1 Reward Point = INR 0.30 | Minimum Points required to redeem: 250.

Air miles

Redemption rate for air miles: 1 Reward Point = 0.75 miles | Minimum Points required to redeem: 100.

Cash back

Adjust points against your Statement outstanding.
Redemption rate for cash back: 1 Reward Point = Rs 0.35 | Minimum Points required to redeem: 5,000.

Personal Concierge Services

Call your concierge for help with planning a party, sending flowers, making dining reservations, for travel assistance.

Dining Privileges

Up to 15% savings across participating restaurants.
Shopping Privileges

Enjoy savings and offers several stores in your City.
EMI Privileges

Choose easy EMI options at more than 2,000 consumer electronics and mobile phone outlets, leading retail chains and e-retailers.

Credit Card