ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Personal Finance
  • Markets
    • Stocks
    • Global Markets
    • IPO
    • Companies
    • Currency
    • Commodities
  • My Money
  • Web Stories
  • Calculators
    • Income Tax Calculator
    • Home Loan/EMI Calculator
    • Mutual Fund Returns Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • SIP calculator
    • Lumpsum Calculator
    • SWP Calculator
  • Videos
    • M Se Market
    • Jeb Zindagi Zaroorat
    • Light Camera Stocks
    • Tech Takes
    • Big Bulls Ka Nishana
    • Paisa Wasool
    • Commodity Ke MrityunjayMantra
    • The Right Property Show
  • Economy & Infra
    • Policy & Initiatives
    • Agriculture
    • Telecom
    • Aviation
    • Railways
    • Retail
    • Roadways
    • World Economy
  • Exclusive
    • Wealth Guide
    • Interviews
  • Auto
    • Cars
    • Bikes
    • Electric Vehicle
    • Commercial Vehicles
  • Tech
    • Mobiles
    • Gadgets
    • Reviews
    • Tips and Tricks
    • Apps
  • Real Estate
    • Home Buyers
    • Builders
  • Trending
    • Entertainment
    • Politics
    • Lifestyle
    • Travel
    • Sports
    • IPL 2023
    • Karnataka Elections 2023
    • Viral
    • Education
    • Jobs
Read in App
Business News » Personal Finance News

Endgame for Debit, Credit Card? Now, swipe this for both functions, more reward points

Experts say that if you do not want to keep more cards, then this dual card offer is great to opt for. IndusInd and Union Bank have come up with such card, that serves the purpose of two. 

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Endgame for Debit, Credit Card? Now, swipe this for both functions, more reward points
One side of the card will run like a debit card, while the other one will work as a credit card. Pixabay

In the wake of the increasing popularity of payment wallets, banks are announcing new debit and credit card-related offerings. Some banks have introduced all-new cards that can serve both as Debit as well as a Credit card. One side of the card will run like a debit card while the other one will work as a credit card. Experts say that if you do not want to keep more cards, then this dual card on offer can be a great option. IndusInd and Union Bank have come up with such cards that serve dual purposes. IndusInd Bank launched Duo in October last year, while Union Bank launched this card in November by name Kambo, which has already gained quite a popularity. 

Other banks are also expected to offer similar facilities to lure customers soon. 

Sumant Kathpalia, Head – Consumer Banking, IndusInd Bank said, ''IndusInd Bank also ensures the compensation of Rs 3 lakh for any fraud on losing the card. That is, if a person purchases it when the card is lost, then it will be reimbursed up to three lakh rupees by the bank. However, you will have to inform the bank immediately about the loss of the card and also have to file an FIR.''

Features of Debit-cum-credit card:

1.  This card has two chip and two magnetic strips.

2.  Debit card details are on one side.

3.  Credit card information is on the other side.

4. More reward points are offered on this card.

Union Bank’s Rupay Combo Debit Cum Credit Card allows cardholders to enjoy the convenience, flexibility and freedom to choose in a single physical card for the debit /credit transaction facility and they need not carry two cards. To enable cardholders to choose between credit and debit card facility, there are two different card numbers, separate chips, separate magnetic stripes and two different CVV numbers. 

The IndusInd Bank Duo Card aims to deliver a seamless and delightful client experience and offers the best of both worlds, in one plastic. The convenience of having dual functionality, and a wide range of offers and features on one plastic, is sure to resonate with our audience.

According to IndusInd Bank, the Duo card will reduce the hassle of customers. The card will have the same statement both debit and credit usage. The customers will be able to see the account of the purchase from both the cards. Despite the different purchases, both the reward points will be joined together and the customer will be able to get additional benefits while redeeming. The reward points can be used for both debit or credit purchase.

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Debit CardCredit Card
Written By: ZeeBiz WebTeam
Updated: Sun, May 05, 2019
07:11 pm
New Delhi, ZeeBiz WebDesk
RELATED NEWS
No TCS on overseas payment through international credit, debit cards: Finance Ministry No TCS on overseas payment through international credit, debit cards: Finance Ministry
Card tokenisation to come into effect from October 1 - steps to tokenise your debit, credit cards Card tokenisation to come into effect from October 1 - steps to tokenise your debit, credit cards
SBI Card ready with card tokenization mandate: CEO Rama Mohan Rao Amara SBI Card ready with card tokenization mandate: CEO Rama Mohan Rao Amara
RBI guidelines on credit, debit cards: All you need to know about new rules RBI guidelines on credit, debit cards: All you need to know about new rules
Lost your SBI debit card? A step-by-step guide on how to block, reissue a new one Lost your SBI debit card? A step-by-step guide on how to block, reissue a new one

LATEST NEWS

Odisha train accident: List of injured, deceased passengers put on these 3 websites

Odisha Train Accident: JDU national president Lalan Singh slams Centre for tragic mishap

379 infra projects show cost overruns of Rs 4.64 lakh crore in April

Balasore Train Accident: List of trains cancelled by Indian Railways today, June 4 | Full list, IRCTC refund rule, and other details

10 IS militants killed in attacks in Iraq

India has incredible engineering power, says CEO from Silicon Valley

Aiming to maintain leadership position in SUV segment this fiscal, says Mahindra Group CFO

Covid-19 Update Today, June 4: Active coronavirus cases in country dip to 3,343

Reliance Industries, TCS, HDFC Bank, ITC - 7 of top-10 most-valued firms lose Rs 65,656 crore in market valuation

Google removes malicious Chrome extensions with 75 mn installs from Web Store

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
© 2023. Indiadotcom Digital Private Limited. All Rights Reserved.
LIVE TV