HDFC Credit Card

HDFC Credit Card

Skimming Fraud – HDFC Replacing Merchant Terminals – What about Malware Infected Retailers ?

by

Malware-Infected-Retail-Card-MachinesHDFC Credit Cards, India’s Largest Issuer of VISA & MasterCard Credit Cards, with a portfolio of 6.4 Mn customers, in its internal investigation has found few Merchant Terminals where security was compromised and is thus replacing the same with newer ones. The Bank did not share the number of swiping machines that will be replaced. HDFC Bank has an installed base of 250,000 merchant terminals across India.

Skimming is the process of extracting Customer & Credit Card information stored on the Magnetic Stripe of the Card. Cards equipped with Chips are far more secure and

Read moreSkimming Fraud – HDFC Replacing Merchant Terminals – What about Malware Infected Retailers ?

Why You Must Not Subscribe to HDFC Ergo Insurance’s Credit Shield / Fraud Loss Cover ?

by

HDFC Ergo Insurance for Credit CardHDFC Bank’s Credit Card Division is cross selling HDFC Group’s product. They sent to every customer of HDFC Credit Card an offer for subscription to Credit Shield and Fraud loss Cover from HDFC Ergo General Insurance Co.

What are the Features Offered by Credit Shield and Fraud loss Cover Insurance by HDFC Ergo ?

  • Fraud loss Cover upto 3.5 lac
  • Upto 5 lac of cover on ‘all’ loan outstanding with HDFC Bank (Credit Card, Personal Loan and Education loan) on accidental death / permanent total disability
  • Sum assured of 5 lac on accidental death / permanent total disability
  • Education grant of 25,000 (one kid < 21 yrs)
  • Total coverage is upto 13.75 lac

What is the premium they are Charging for the above Policy ?

Read moreWhy You Must Not Subscribe to HDFC Ergo Insurance’s Credit Shield / Fraud Loss Cover ?

How to Create & Use HDFC NetSafe Virtual Credit Card for Online Transactions?

by

Due to increasing fraud in stealing Credit Card numbers from Online Merchant websites, 3 years ago RBI made it mandatory to have a Second Password Authentication – MasterCard SecureCode / Verified by Visa. This brought down the fraud to a great extent. But loophole remains, if your card details is stolen from some e-retailer where you have transacted, it could be easily used on websites outside India bypassing the MasterCard SecureCode /Verified by Visa. To avoid such problems, you now have Virtual Credit Cards.

HDFC Bank introduced the internationally available best practice – Virtual Credit Card under the brand name HDFC NetSafe Credit Card. What is a Virtual Credit Card ? It is a Credit Card you create using your existing credit card account online and use the newly generated card to make a transaction over the Internet and soon after the card is

Read moreHow to Create & Use HDFC NetSafe Virtual Credit Card for Online Transactions?

HDFC 10 Countries Multi-Currency Forex Travel Pre-Paid / Debit Card

by

Apart from Corporate Travel, rising income levels in India is leading to a new and rising trend amongst Indians – see the rest of the world. This is visible by the rising Traffic on websites like MakeMyTrip.com and Yatra.com All these travelers require multiple currencies during their stay outside the country and due to bad policies of Dr. Manmohan Singh’s Government, the Indian Rupee hit a Historical Low since independence against most currencies and turbulence is causing additional hardships for Indians flying abroad.

En-cashing on this scenario and solving the immediate problem of Indian Currency Volatility, HDFC Bank has designed a new

Read moreHDFC 10 Countries Multi-Currency Forex Travel Pre-Paid / Debit Card

HDFC Credit Card Offers Cash On Call Loan Amount Online

by

You just can’t stop embracing Technology seems to be the buzzword at HDFC Credit Cards division. Customers with very good payment track record are now being offered Cash / Loan on Credit Cards at very attractive Interest Rates with EMI facility. Earlier the card company would engage customer service executives to call but now with Do Not Disturb regulations in place, they have taken the communication mode online and it appears right on your Credit Card Transactions Screen.

You have been working too hard and want to take a summer break but short on budget. We’d suggest that you take a Loan on your Credit Card instead of Directly using the Card itself during your vacation as you will enjoy significant interest rate differential.

The Screenshot below shows Eligibility of

Read moreHDFC Credit Card Offers Cash On Call Loan Amount Online

HDFC Credit Cards – Convert Your Big Ticket Purchases into EMIs Online

by

Private Banks in India such as HDFC and ICICI embraced technology and a new theme of banking has emerged in the past decade which is based on Web and Mobile Platforms. Today, we’d like to educate readers on the new facility rolled out by HDFC Banks Online Credit Card section for customers where they can easily convert their Big Ticket Purchases into EMIs by just few clicks and in a totally transparent way. [ We are aware of Options that are available to Customer to make Purchases with EMI, but this is something new, which lets you convert into EMIs after you have done the Purchase] You can read FAQs on Credit Card EMI here.

This Month, May-2012, HDFC Cards section of the HDFC Bank website has

Read moreHDFC Credit Cards – Convert Your Big Ticket Purchases into EMIs Online