Click to view the Credit card deatils

Credit Cards

A credit card is a plastic card issued by a financial institution that involves the card holder and the financial institution entering into an agreement that the card holder will pay the institution back in the future so that they can purchase something at present. The financial institution lends the card holder the money that they use to make the purchase and expects that the user pays them back over a period of time (generally a month). The card holder is required to pay the entire amount back including a fee or interest charge if the amount is not paid back in full by the due date.

Credit cards are used to make purchases online or at a point of sale (POSClosedPoint Of Sale terminal allows customers to pay restaurant bills, shopping bills, fuel charges at the outlets. In some cases, it can also be used to avail cash.). The card holder’s borrowing limit is pre-set based on the individual’s credit rating.

The application enables users to manage cards effectively and efficiently. Through the credit card module, a user is able to perform a variety of functions such as viewing credit card details and statements, applying for automatic and adhoc payment of credit card dues, initiating service requests such as request for a change in card billing cycle, request for PINClosedPersonal identification number (PIN) is a secret number given to an account holder to be used when they put their credit card or cash card into an automatic teller machine (ATM). If the number they use is correct they will be allowed to access their account. etc. Additionally the user can also apply for a new credit card from the credit card dashboard. A facility is also provided to view the details of an add-on card issued under primary card and to perform a variety of functions. (An add-on credit card is an additional credit card that is issued under a primary card. The card can be issued to family members, parents, spouse or children of the primary card holder depending on the terms and conditions of the primary card).

This user manual covers all the services provided in the system with regards to credit cards.

Features Supported In Application

The retail credit card module supports the following features:

Prerequisites

Credit Card Widget

The credit card widget provides the user with a holistic view of all his credit cards held with the bank. Additional features available are to make credit card payments, block the credit card, apply for a new credit card, and view of inactive cards.

Click on Credit Cards component to view in detail.

widget

Credit Cards

This section lists the active and inactive credit cards that the user holds with the bank.

  • Credit Cards (Active) : All the active credit cards of the user including the add-on cards linked to the user’s primary cards are listed in this widget. In addition to the card number and status, the name of the card holder as embossed on the card, as well as the outstanding amount are displayed. The user can view further details of each card or initiate requests such as request PIN, Block Card, etc. against a card by clicking on the More Options link provided against each card.
  • Inactive Cards : On selecting the status option ‘Inactive/Closed’, all the credit cards that are inactive are listed down in the widget. Each inactive credit card is listed along with the name as embossed on the card along with any amount that is outstanding against the card. The option to view additional information or to perform actions against the cards is provided against each card.

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