1. Debit and Credit Card Presented byAshwini Pathak -64 Sibymol Varghese 97Krishna Yagnik -120

2. Introduction Debit card n credit card introduced -1970s Corporation Bank-Debit card Andhra Bank -Credit Card 3. Debit card Plastic card - provides a alternative payment method to cash when making purchases Electronic check - the funds are withdrawn directly from the account BANK CARD or CHECK CARD Instant withdrawal of cash, acting as the ATM No annual fee 4. Types of Debit Cards Pin only debit cards Dual-use cards Prepaid debit card Online /offline debit cards and others 5. Credit Card Card entitling its holder to buy goods and servicesbased on the holder's promise to pay for these goods and services User can borrow money for payment to a merchantand then pay it later with an amount of interest charged Issued to an account holder who has a regularincome not less than 15k 6. Types of credit cards Standard Credit Card Premium Credit Card Limited Purpose Credit Card Specialty Credit Card 7. Transaction and parties involved Merchant Acquirer Issuer Cardholder PROCESS: 8. Recent trends Debit cards are more popular with consumersthan credit cards Rise in credit & debit cards spending: -Debit card spends have risen six times(Rs 74,400 cr) -Credit card spends have more than doubled(Rs 1.23lakh cr) Punching PIN must for debit card transactions (from 1/12/13) 9. SBIHDFC BankSBI Platinum Card Joining Fee (One time)- Rs. 2,999 Fuel Freedom: 2.5% fuel surcharge waiver for each transaction between Rs.500 & Rs.4000Platinum plus Credit Card Annual Fee/Renewal - Rs. 299 0% Surcharge on petrol transactions between Rs. 400- Rs. 5000 onlySBI Signature Corporate Card Joining Fee (One time)Nil Annual Fee (p.a.)- Upto Rs. 499 Railway Tickets - Railway CountersRs. 30 + 2.5% of transaction amount Online Railway booking- 1.8% of transaction amount + service charge, as applicableCorporate Visa Signature Credit Card Joining Fee (One time)Nil Annual Fee- Nil Railway Ticket Purchase- Rs. 30 + 2.5% of transaction amountSBI Platinum Corporate Card Joining Fee/ Annual fee- Nil Cash Advance fees: SBI ATMs/Other Domestic ATMsupto 2.5% of withdrawal amount or Rs.300/International ATMs- upto 3% of withdrawal amount or Rs. 300/-Corporate Platinum Credit Card Joining Fee/Annual fee- Nil Cash Advance fees: upto 2.5% of withdrawal amount or Rs.300/(whichever higher) 10. SBI Air India SBI Platinum Card Annual Fee- Upto Rs. 1499/-HDFC Bank Jet Privilege HDFC Bank Platinum Credit Card Annual Fee/Renewal Fee- Rs, 999/- 11. Features Access Across the World E-statements SMS Alerts Easy Bill Pay Facility Interest Free Period: upto 50days 12. Penalty for Late Payment (SBI) NIL for Total Amount due from Rs.0-Rs.200 Rs.100 for Total Amount due greater than Rs.200 & up to Rs.500 Rs.200 for Total Amount due greater than Rs.500 & up to Rs.1000 Rs.350 for Total Amount due greater than Rs.1000 & up to Rs.5000 Rs.550 for Total Amount due greater than Rs.5000 & up to Rs.10,000 Rs.750 for Total Amount due greater than Rs.10,000 13. Penalty for Late Payment (HDFC) Bills up to Rs.100 Nil Bills between Rs. 100 and Rs. 500 Rs.-100 Bills between Rs. 501 and Rs. 5,000 - Rs. 400 Bills between Rs. 5,001 and Rs. 20,000 - Rs. 500 Bills above Rs. 20,000 - Rs.700 14. Comparison final xcel of wm.xlsx 15. Problems faced by Debit & Credit Card holder ProblemsUnauthorized PurchasesPrivacy BreachesIdentity TheftMass HackingSolution -Reviewing statements each month -Setting up fraud alerts with the major credit reporting agencies (TransUnion, Equifax and Experian )-Avoid using wi-fi networks in public -Change your password on regular basis - Avoid sharing Social Security on fraudalent sites -(credit card processing company hacked in 2012) -Contacting credit card issuer regularly 16. THANKYOU!!!