In the technological advancement age, everything is getting advanced and digital. Look at any corner and you will find fine imprint of technological growth. Like the latest edition of Numberless Credit Card. by one of the banks in India. As the name suggests, the credit card does not bearing any number on it. Generally a credit card contains 16 digit number in front side, and a 3 digit CVV number at the back.
How it is going to look like and how it is going to function is still behind the curtain. But the private sector bank is likely to introduce country's first-ever numberless credit card tailored for the tech-savvy individuals.
The main motive for this innovative design of credit card is to provide enhanced security to the customer. There were many instances of scamming where the fraudster manage to make tranaction through data theft of any customer credit card. The numberless card on the other hand is expected to reduce the risk of identity theft or unauthorised access to customers card information, ensuring the utmost security and privacy. As per the bank sources there were multiple benefits of owning this card some of the features includes :
- a flat 3 % cash back on online food o4der and entertainment
- flat 1% cash back on all online and online tranaction.
- the card has tap-pay option for the customer convenience.
- Free access to domestic airport lounges
- fuel surcharge waiver etc..
The Indian bank has partnered with *Fibe in this ground-breaking market revolution, with an opportunity to serve an expanding customer base and targeting the new generation with enhance security promises.
Why I hate Credit card?
Everyone have their own preferences and liking for a credit card. But I always try to avoid owning a credit card. In India one can get a credit card easily, free of cost and with no annual rent. But the question is even at the time when free air are sold by filling in balloon, then why the banks always make so much of offer to their customer. Everydsy, you moght notices new offer on credit card or you might end up picking 2-3 spam calls offeri g free credit card.
Sometimes, it might appear of missing out on so maany lucrative offers but if ypu look closely there are alwsys a h8dden cost involved which a customer missed to notice. For example, few hours ago, I was trying to do an online transaction to avail the extra discounts offered on a product by using my nephew card. At the final payment page I ended up with two orders firstly, one time payment with flat discount amount, and secondly, No cost Emi where the discounts are slightly higher.
Anybody would opt for the no cost Emi option considering a higher discount. Buy the scenario is completelly differrnt.
screenshot of online shopping platform
The no cost emi option was asking for some extra in terms for processing fee + GST %. After considering the hidden cost, the discount on the products comes down to same which one can get on choosing one time payment option. The option may suits to someone who doesn't have ability to full payment at once. But again why to spread legs more then your sheet?
Extravagant with credit cards
I have seen people keeping credit cardd in hope of using it at emergency and to avail some bank offers. But somewhere, it is seeding a habit of over spending among the customers. Looking at the payment cycle of 45 days, many people buy the products only in hope of making payment at later stage. They make purchases of many things which they cannot afford in real life because of limited income. Credit card is making such people extravagant and making life a hell.
It is upto people how they going to use the credit card. People have their own preferences. A control preferences always make life easier while a little careless may ends up with overspending. I personally belive, those who can make smart usage of credit card should own it. Rather keeping and swiping it for fun or to fake lifestyle.
