ICICI Bank has launched EMV Standard cards

By | July 8, 2011

A recent press report said that ICICI Bank has announced its foray into EMV (Euro pay, MasterCard, Visa) Standard chip cards with the launch of the ICICI Bank Coral Credit Card. The card offers special security features where the card holder enjoys additional against possible misuse in the form of counterfeiting and skimming on account of the embedded microchip that contains card member information in an encrypted format.

Reports said that the Coral Credit Card was part of the ‘Gemstone Collection’ of ICICI Bank Credit Cards. And it offers cash rewards on all retail purchases. The card also offers rewards on all purchases, powered by the multi-partner loyalty program, payback.

The Cardholders are offered an option where they can redeem the PAYBACK points as cash credited into their credit card account at the rate of Rs 0.25 per PAYBACK point or into gifts.

ICICI Bank is renowned for the variety of loans that it offers to suit the requirements of its customers with convenience of networked branches/ ATMs and facility of E-channels like Internet and Mobile Banking. It offers home loan, personal loan, car loan, education loan, mortgage loan, business loans etc.

All information including news articles and blogs published on this website are strictly for general information purpose only. BankBazaar does not provide any warranty about the authenticity and accuracy of such information. BankBazaar will not be held responsible for any loss and/or damage that arises or is incurred by use of such information. Rates and offers as may be applicable at the time of applying for a product may vary from that mentioned above. Please visit www.bankbazaar.com for the latest rates/offers.
Category: Articles Glossary Tags: , ,

About Pradeep Yuvaraj

Pradeep Yuvaraj is a Co-Founder and Director at Finerva Financial Solutions Private Limited, a financial education company focused on personal finance education. He has penned over 250 articles relating to Personal Finance and clocked over 500 hours of educating individuals on managing personal finance. He is a serial entrepreneur and has been associated with 7 Start-ups. His entrepreneurial experience spans industries as varied as Education, Gas Engineering, Automobile Design, Software development and more recently a Pure play presentation design company. Prior to turning entrepreneur in 2005, he has worked for 3 of the top ten companies of the world - Shell, ExxonMobil and Total SA. This experience included handling Branch Operations, Channel Sales and Business Development across 5 states over a period of 8 years. He holds an MBA from Symbiosis and an Electronics Engineering Degree from the University of Pune.

Leave a Reply

Your email address will not be published. Required fields are marked *