Page 38 - Banking Finance October 2020

ARTICLE

The features of Union Bank Combo Debit Cum Credit card
are as under:
Sr. Feature Debit Card Credit Card
No.
1. Card Variant Platinum Select
2 Daily cash withdrawal Rs40,000/- 20 % of
limit - ATM Card limit
3. Daily shopping limit- Rs60,000/- Upto card
PoS & internet limit
4. Total Daily limit Rs1,00,000/- Upto card
limit
5. Validity 5 Years 5 Years
6. Average Quarterly 3,000 NA
Balance
Union Bank's Rupay Combo Debit Cum Credit Card is a Rupay 7. Personal accidental 4 lakh 20 lakhs
International 2-in-1 card that allows cardholders to enjoy insurance
the convenience, flexibility and freedom to choose in a single 8. Card issuance charge Rs.200/- +
physical card for the debit /credit transaction facility and Taxes per NIL
they need not to carry two cards. card

To enable cardholders to choose between credit and debit Additional benefits:
card facility, there are two different card numbers, separate
chips, separate magnetic stripes and two different CVV RuPay Debit Platinum RuPay Credit Select
numbers. Cardholder has to generate green PIN for debit Complimentary Lounge Complimentary Lounge
card and credit PIN can be generated from the website Program at 25+ domestic Program at 25+ domestic
www.unionbankonline.co.in. There is indication on both lounges and 500 + lounges and 500 +
horizontal ends of the card to enable cardholder to choose international lounges international lounges
credit or debit card. Cash back on Utility Cashback on Utility Bill Bill
Payments Payments and Dining
Cardholders can use combo card as debit card linked to his/ Exclusive Merchant Offers Exclusive Merchant Offers
her bank account by inserting/swiping 'debit card' side of 24/7 Concierge Services 24/7 Concierge Services
the card in ATM/POS card reader and enter the debit card
PIN for financial and non financial transactions at ATM and IndusInd Bank Duo Card
purchases at POS machine. Transaction initiated with the
card will appear on the statement of cardholder's bank
account.

For eCommerce (online) transactions , cardholder has to
enter card credentials, "Debit card number, expiry date,
CVV and mobile OTP for transaction from debit card" and "
credit card number, expiry date, CVV and OTP for
transaction from credit card" on merchant website/mobile
app to make the payment. The transaction will
be authenticated using the one time password (OTP) sent
on the cardholders number cardholder has registered
with us.

38 | 2020 | OCTOBER | BANKING FINANCE