Credit card is emerging as a necessity these days. The ease, convenience, flexibility and plenty of benefits offered by the credit cards make them one of the most preferred financial tools. Central Bank of India, one of the oldest and largest government-owned commercial banks, also offers various credit cards to cater to diverse finance requirements of its customers. Central Bank of India Aspire Credit Card is one such type that is issued to customers holding Cent Aspire Fixed Deposits. Let’s learn more about Central Bank of India Aspire Credit Card.
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Central Bank of India Aspire Credit Card- Features and Benefits
Here are some of the main benefits and features of Central Bank of India Aspire Credit Card:
- There is a global acceptance of this card.
- ATM compatibility that allows you to make cash withdrawal anywhere across the world.
- It is EMV chip-based card that makes your transactions highly secured. Online transactions are safe and secure with the ‘Verified by VISA’ secure code.
- The card is issued based on the Cent Aspire Fixed Deposit account. Credit limit is allowed up to 100% of the Cent Aspire Fixed Deposit account. Credit limit can vary from ₹ 20,000 to ₹ 10 Lakhs.
- Central Bank of India Aspire Credit Card holder can get a credit-free period for up to 55 days.
- Insurance of Personal accident cover of ₹ 1 Lakhs is offered under group insurance scheme.
- The card rewards and provides exclusive offers on travel, dining, entertainment and lifestyle spends.
- Round the clock customer service facility.
- Easy payment options are available.
Please Note: Central Bank of India is not a Paisabazaar partner. Offers would be from partner Banks/NBFCs only.
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Central Bank of India Aspire Credit card Eligibility Criteria
- Applicant has to be more than 18 years old with nationality being an Indian resident.
- Applicant needs to have Cent Aspire Fixed Deposit Account with the bank. Minimum requirement of the deposit is ₹ 20,000. The deposit account will be lien marked with auto-renewal option.
- Non-resident Indians are not eligible for Central Bank of India Aspire Credit Card as they cannot open a Cent Aspire Deposit Scheme.
- KYC compliance is mandatory of applicants.
Central Bank of India Aspire Credit Card Fees and Charges
- There is no fee for card issuance.
- Card cancellation and renewal fee are ₹ 100 each.
- Cash withdrawal charges – ₹ 100 per ATM withdrawal transaction + 1.5% per month from the date the money is withdrawn till the same is repaid.
- Railway ticket surcharge -2.5% + Rs.30
- The foreign currency fee with a markup for the same of 3.5%.
- Fuel surcharge charges – 2.5%.
- Late payment charges – ₹ 100 per late payment transaction.
- If the auto-debit is dishonoured, a charge of ₹ 150 is debited.
- Service charge levied on the amount that is unpaid from the due date is charged at 1.5% per month.
To sum it up, if you are looking for a low-cost credit card with best offers on dining, travel, entertainment and lifestyle spends, Central Bank of India Aspire Credit Card can be an ideal option.
Also read: Popular Credit Cards in India
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