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Citi bank credit cardIntroduction and Types of Credit:
Credit cards, are convenient to use and makes money management easier. It is very useful during emergencies. It makes payment easier especially for big expenses such as purchase of an automobile, renovation of a house etc.
On the other hand credit is a big responsibility. When not properly used it leads to unimanageable financial crisis.
If a customer is well versed with the credit card rules it is easier for him to use the card wisely.
Types of Credit
The loan can be for a specific purpose i.e. purchase of a car, paying education fees or purchase of a house etc.
By using Citi Bank card a debt consolidation loan can be obtained which will combine all the debts from various debtors into a single payment plan with a reduced interest.
A bounce proof protection plan can be availed. It will protect a card member from issuing a cheque more than his account balance.
Loans are classified into secured and unsecured loans. A secured loan is one which is secured by a collateral security. It is an item which is given as a security and is worth equal to or greater than the loan amount.
An unsecured loan is not guaranteed with any security.
Most common type of personal credit is by using a credit card. By using a credit card a loan is taken. If the payment is not paid within the stipulated time the company levies finance charges which will be added to the purchase amount.
What are the range of cards that citi bank has to offer:
Basic Cards
Citi Diamond Preferred card
Citi Platinum Select Card
Citi Professional Card
Business Cards
Citi Business Advantage Card
Citi Business card with Thank You Netword
Citi Business Premier Pass Card
College Cards
Citi Platinum Select Card for College Students
Citi Dividend Card for College Students
Citi Driver's Edge Card for College Students
Rewards Cards
Citi Advantage Cards
Citi Gold
Citi Platinum Select
Citi American Express Cards
Citi Advantage American Express card
Citi Diamond Preferred American Express Card
Citi Dividend American Express Card
Citi Platinum American Express Card
Citi Premier pass American express card
Citi Premier Pass American express card
Citi Diamond Preferred Rewards Card
Citi Dividend Card
Citi Drivers Edge Card
Citi Home rebate card
Citi premier pass card
Citi PremierPassSM Cards more
Citi Professional Cash Card
Citi ProfessionalSM Cash Card more
Citi Simplicity reward card
Citi Chairman Card
Citibank offers a wide range of online services to its members
a) Managing the account online. The account balance and due can be checked online.
b) Statements can be viewed online and a balance transfer can be requested.
c) Payments to the bills can be made online.
d) Online shopping is provided by Citi Bank.
e) Peace of mind with fraud early warning, and Credit protector
f) 24 hours internet Security specialized service is available to answer queries related to fraudulent email and suspicious websites.
Security of Citi Bank Website
The Citi Bank website is protected with the latest technology in the interest of its card members. It is updated constantly and as on date it follows the highest level of protection possible.
A separate section by name Citi Identity theft solutions functions to rescue the victims of identity theft.
The card members are protected under the following programs.
The Lost Wallet Service
Fraud Early Warning
Statements Online Only
Zero percent Liability on Unauthorized Charges
Virtual Account Numbers
Citi Photocards
New Card Activation
Security protection by 128 bit Encryption
Firewalls
a) The lost wallet service
If the card is lost or stolen a card can be made to 1800 950 5114. Immediate replacement of card is done at no extra cost. Emergency cash advance will provide replacement of important documents.
b) Fraud Early Warning
Considering the importance of credit card a fraud early warning is established. If any unusual activity is noticed the member is contact and the charges are verified. If the card member has any suspicion he can call 1800 950 5114 to register a complaint.
c) Receiving monthly statements online makes it safe and free. It provides it from going to the wrong hands. It is free of cost.
Statements Online Only
d) Zero percent liability on unauthorized charges
No payment is required for unauthorized charges
e) Virtual Account numbers
Members can set up their own numbers so that the real card numbers need not be given. Every time a virtual number is used to make a purchase a substitute number is generated to take the place of real number. It is free of service.
f) Photo cards
The photo cards are offered free and it is an added security. The members photo and signature are affixed on the card to prevent any misuse.
g) New card activation
New card is sent with blocked account to prevent the interception of the account. The member can call the service center for the activation.
h) How the website is protected
128 Bit Encryption
The website uses Secure Sockets Layer (SSL) for secure transmissions. Secure sockets layer applies encryption between two communicating applications. When the data is transmitted over the Internet, it is encrypted or "scrambled" at the sending end and then decrypted or "unscrambled" at the receiving end. The site uses a 128-bit encryption, the highest level generally available today.
h)Firewalls
The servers are protected by numerous firewalls, which are constantly monitored to prevent security breaches.
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