Cub Bank Visa Gold Debit Card - Benefits, Charges and Eligibility
Cub Bank Visa Gold Debit Card Overview
CUB Gold Visa Debit Card is an upgraded version of a basic debit card. It offers additional facilities in addition to all the standard features of a debit card. It is issued on a VISA platform. It can be used for online purchases, withdraw cash or purchases at shopping locations.
Cub Bank Visa Gold Debit Card Features
- These cards can be used to pay directly for purchases or withdraw cash in India as well as internationally. This card is accepted at shopping locations
- Online Usage: These cards can be used online to shop, pay bills, book movie or train tickets. This card is protected with the security of Verified by Visa, providing additional assurance of a password known only to customer for completing online purchase transactions
- Daily ATM limit: Rs. 50, 000
- Daily purchase limit: Rs. 1,75, 000
Cub Bank Visa Gold Debit Card Eligibility
All Savings/Current account holders with the bank are eligible to apply for this card. Existing eligible customers can also upgrade the accounts to apply for this card.Cub Bank Visa Gold Debit Card Fees & Charges
- Charges for issuance of Card : Nil
- Second Year Onwards Annual Fee: Please contact your bank branch
- PoS/Ecom Transactions: Nil
- Card replacement charges (at customer request): Rs 250 plus GST
- Mark Up Charges for each POSP transaction at Petrol Pumps: 2.5% + GST
- Mark Up Charges for each POSP transaction at Railway Bookings: 2.5% + GST
Cub Bank Visa Gold Debit Card Benefits
- Worldwide Acceptance
- No issuance charges
- Visa Offers: These cards come with a host of discount offers on dining, travelling, shopping and more
- Use your card for shopping at over 5 lakh outlets in India and over 30 million worldwide
- More Security Facilities to the customers
What is EMV-Chip Based Debit Card?
EMV stands for Europay MasterCard and Visa, who developed this technology. EMV-chip based debit cards are the debit cards which have embedded microprocessor chip that stores and protects cardholders' information/ data. It uses enhanced security features to protect the important date of the card holders and discourages card's unauthorized usage.
EMV-chip based debit card generates fresh user data every time the user transacts. Therefore, it is impossible for hackers/ fraudsters to steal the information or copy the original data from any card. Further, EMV technology uses your debit card as well as PIN to complete any transaction.
The Reserve Bank of India (RBI) has asked all banks in the country to replace magnetic-strip debit/ credit cards with EMV-chip based cards by 31 December 2018 as magnetic cards are quite vulnerable to skimming. Banks have already replaced the existing magnetic strip debit/ credit cards with latest EMV chip cards. Banks will provide it free of cost.