DCB Bank Credit Cards
DCB is a renowned private sector commercial bank in India. The bank was founded in 1930 and is headquartered in Mumbai, India. But while it was founded in the 1930s, it only received its banking license from the RBI in the year 1995. It has more than 200 branches and 400+ ATMs throughout the country. The Bank offers an extensive range of banking services and products to individuals, SMEs and mid-corporate in India.
Credit Card Offered by DCB Bank
DCB offers only one credit card currently. However, the benefits of this card can surpass the privileges offered by many other cards offered by its competitors in the country.
PayLess Credit Card
The Payless Credit Card from DCB is a secured credit card which you can get against a Term Deposit with the bank. This means that you’ll get to select your own credit limit on the basis of the Term Deposit amount you deposit with DCB Bank. Even the interest rate and other fees associated with the PayLess Credit Card are best in the class.
The credit card offers a host of benefits and features, like;
- Free credit periods of up to 45 days on cash withdrawals and other spends with the card
- No fuel surcharge at any petrol stations throughout the country
- This card also provides a complimentary PA insurance cover of up to Rs. 1 Lac
- The card holder is also insured against losses occurred due to loss of the card up to Rs. 1.5 Lac
Moreover, as an introductory offer, you can also get cash back of up to Rs. 350 when you spend Rs. 5,000 within the first three months of card activation. Apart from these benefits, DCB Bank also offers some discounts, like Dining Discounts on Zomato, Shopping Discounts at UCB Store, ShopClues, Snapdeal, and a lot more.
You can also transfer the balance of other credit cards on your DCB PayLess Credit Card without any processing fee. Free online payment of utility bills and free SMS alerts of all the transactions with the credit card are some of the other benefits.
To apply for a DCB PayLess Credit Card, you’ll be required to have a Term Deposit with the bank. It is the amount of your Term Deposit that will decide the credit limit on your PayLess Credit Card. Apart from this; you should be at least above 21 years of age to apply for the credit card. This card is available for salaried and self-employed professionals with a consistent source of income and preferably should also have at least two years of experience in the industry. The bank will also check your CIBIL score to ascertain your credit worthiness.
When applying for the credit card, you’ll be required to submit the below-mentioned documents as well-
- KYC form of the bank
- ID proof- Passport/PAN Card/Driving License, etc.
- Address proof- Electricity Bill/Telephone Bill/Aadhar Card, etc.
- Employment/Business proof
- Copy of PAN card