Note:
Effective November 01, 2020, the following terms and conditions apply:
The Bank retains the authority to revoke the card if it remains inactive, without any transactions, for six consecutive months. Prior written notice will be sent to the registered email address, phone number, or communication address as per the Bank's records.
No, the Platinum Times Credit Card is not free. The Platinum Times Credit Card entails joining or renewal membership fees amounting to ₹1,000, plus applicable taxes.
If the cardholder neglects to settle either the Minimum Amount Due or the total amount due in each monthly billing statement, the Bank will levy a late payment fee which is largely standardised across the country. They will also inform the customer of the non-payment and its intention to report the cardholder as a defaulter to the Credit Information Companies (CIC) if the payment is not made within 7 (seven) days. Frequent late payments may affect your Credit Card rating; thus, making your Credit Card provider reassess your creditworthiness, leading to a reduction in your Credit Card limit and may increase the Credit Card Interest Rate.
The Platinum Times Credit Card has an annual fee of ₹1,000, along with applicable taxes.