Jammu And Kashmir Bank Credit Card
Looking for a great credit card that offers unmatched features? Opt for the JK Bank Credit Card and enjoy great benefits. The bank offers cards in collaboration with Mastercard for both individuals and corporates. Usable domestically and internationally, these cards are super secure must-haves. Read on to learn more.
About Jammu & Kashmir Bank
J&K Bank was incorporated in 1938. Headquartered in the capital city of Srinagar, Jammu and Kashmir in India, the bank is the only private sector bank authorised by the Reserve Bank of India to operate in the state on its behalf. J&K Bank thus acts as an RBI agent and undertakes banking activities of the Central Government in the state.
Besides enjoying a monopoly in Jammu and Kashmir, the J&K Bank is equally entrenched in the rest of the country. Serving to Empower in letter and spirit, the bank provides a range of banking services that help to financially empower and uplift society. J&K Bank operates in all realms of finance and is a one-stop bank for Personal, Business, and NRI financial needs. J&K Bank is listed both on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE).
Types of Dhanlaxmi Bank Credit Card
In its endeavour to reach out to every customer with excellent financial solutions, J&K Bank ventured into the flourishing credit card market in collaboration with the market leader MasterCard. The J&K Bank Credit Card is specifically designed to meet the varied needs of individual and corporate clients. Besides providing convenient and secure access to money, the J&K Bank Credit Card offers numerous benefits, much to the shopper's delight.
The cards can be used both domestically and internationally.
Types of J&K Bank Credit Card
J&K Bank offers two variants of its credit card namely the
- Empowerment Credit Card
- Global Credit Card
The Empowerment is further available in three variants
- Blue Empowerment Credit Card
- Silver Empowerment Credit Card
- Gold Empowerment Credit Card
The Global Credit Card is further categorised in three variants
- Blue Global Credit Card
- Silver Global Credit Card
- Gold Global Credit Card
While the Empowerment Credit Card is EVM chip-based, the Global Credit Card is the magnetic stripe-only version. As mandated by RBI, banks now have to replace old magnetic stripe-only credit cards with the latest EVM chip-based cards.
Features and Benefits of J&K Bank Credit Card
The following are the salient features and benefits of both variants of the J&K Bank Credit Card
- Accepted nationally and internationally at all outlets accepting MasterCard.
- J&K Bank Credit Card allows you to withdraw instant cash up to 20% of the pre-sanctioned credit limit.
- Use J&K Bank Credit Card at all ATMs in India and across the globe where MasterCard is accepted to withdraw instant cash.
- Offers a minimum of 20 days to a maximum of 50 days interest-free credit period provided the previous month's due is paid in full.
- Offers revolving credit facility provided Minimum Amount Due is paid on every statement date.
- Enjoy the most competitive rates of finance charges.
- Enjoy attractive reward points of every purchase.
- Get SMS flash alerts on card usage and due date on your registered mobile number.
- One Time Password (OTP) for IVR transactions for added security.
- Make online payments using MasterCard Secure Code.
- Option to convert retail purchases into easy EMIs (only for Empowerment Credit Card).
Detailed Features of J&K Bank Credit Card
The following are the detailed features of J&K Bank Credit Card
| Name of the Card | Features |
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Worldwide acceptance at 10,000 e-commerce websites, 8.75 lakh merchant outlets in India and 22 million merchant establishments across the world.
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J&K Bank Credit Card Rewards Details
J&K Bank Credit Card offers reward points on every retail purchase. The reward points that accumulate on the card can be redeemed from time to time either for paying the annual fee of the card or in exchange for a vast variety of gifts. The rewards are the same for all variants of the J&K Bank Credit Card.
- Every purchase of 200 fetches 1 reward point.
- Reward points accrue in multiples of 200.
- Every use of the J&K Bank Credit Card nationally and internationally attracts reward points.
- Minimum reward point redemption value = 500 reward points.
- Unused Reward Points relapse automatically after 1 year.
J&K Bank Credit Card Fee Details
The detailed fee structure as charged for different variants of J&K Bank Credit Card is listed below:
Empowerment Credit Card Fee Details
| Name of the Card | Entry Fee(One Time) | Annual Fee/Renewal Fee (Per Annum) | Add-On Card Fee(Per Annum) |
|---|---|---|---|
| Blue/ Silver/ Gold Empowerment Credit Card | 300 + GST | 400 + GST |
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Global Credit Card Fee Details
| Name of the Card | Entry Fee (One Time) | Annual Fee / Renewal Fee (Per Annum) | Add-On Card Fee (Per Annum) |
|---|---|---|---|
| Blue/ Silver/ Gold Global Credit Card | 200 | 300 | 150 |
J&K Bank Credit Card Charges Details
The details of charges levied for the J&K Bank Credit Card are as under.
J&K Bank Empowerment Credit Card Charge Structure:
| Name of the charge | Amount | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Service Charge/Interest Rate (Purchase/ Cash) | 3%p.m. | ||||||||||||||
| Cash Advance Fee at J&K Bank ATMs | 2.5% of the transaction amount with a minimum of 300 + GST per transaction. | ||||||||||||||
| Cash Advance Fee at other bank ATMs | 2.5% of the transaction amount with a minimum of 200 + GST per transaction. The interest charges will be applicable from the date of the transaction. | ||||||||||||||
| Cash Advance Charges (Overseas) | 2.5% of the transaction amount with a minimum of USD 5 for every transaction. | ||||||||||||||
| Card Replacement Charges | 200 + GST | ||||||||||||||
| Late Payment Fee | 100 per payment | ||||||||||||||
| Charges for credit limit usage | NIL | ||||||||||||||
| Over Limit Charges | 2.5% of over limit amount with a minimum or 400 | ||||||||||||||
| Limit Enhancement Fee | 200 + GST for each enhancement | ||||||||||||||
| Charge Slip Retrieval | Actual charges incurred with a minimum of 100 | ||||||||||||||
| PIN Replacement Fee | 100 + GST | ||||||||||||||
| Foreign Currency Transaction Fee | 3% of Foreign Currency Transaction | ||||||||||||||
| EMI Conversion Plan |
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J&K Bank Global Credit Card Charge Structure:
| Name of the charge | Amount |
|---|---|
| Service Charge/Interest Rate (Purchase/ Cash) | 2.25% p.m. |
| Cash Advance Fee at J&K Bank ATMs | 2% of the transaction amount with a minimum of 200. |
| Cash Advance Fee at other bank ATMs | 2.5% of the transaction amount with a minimum of 200 + GST per transaction. The interest charges will be applicable from the date of the transaction. |
| Cash Advance Charges (Overseas) | 2.5% of the transaction amount with a minimum of USD $5 for every transaction. |
| Card Replacement Charges | 350 |
| Late Payment Fee | 100 per payment |
| Charges for credit limit usage | NIL |
| Over Limit Charges | 2.5% of over limit amount with a minimum of 250 |
| Limit Enhancement Fee | 150 for each enhancement |
| Charge Slip Retrieval | Actual charges incurred with a minimum of 100 |
| PIN Replacement Fee | 100 |
| Foreign Currency Transaction Fee | 3% of Foreign Currency Transaction |
| Fuel Surcharge | Waiver of 2.5% |
| Hot Listing Charges | 100 |
| Dishonoured Cheque | 100 per dishonour |
How to Apply for J&K Bank Credit Card
The J&K Bank Credit Card can be applied online as well as offline.
Online Application Method:
- To apply online the applicant should log on to the official website of J&K Bank i.e. jkbank.com
- Navigate to the Credit Card section via the Personal Banking page.
- Click on the link Apply Online featuring on the right corner of the page.
- Enter the required details and submit the application.
By filling out and submitting the online application you authorise the bank and its officials to contact you and process your credit card application further.
Offline Application Method:
Applicant can drop a written application supported with the below-mentioned documents at any of the J&K Bank branches across the country. The bank associates will contact the applicant for further processing of the application.
Eligibility Criteria for J&K Bank Credit Card
To apply for a J&K Bank Credit Card the applicant has to fulfil the eligibility criteria as mentioned below:
- Annual Income
- For salaried people Above 80,000 p.a.
- For self-employed people Above 1,50,000 p.a.
- Indian citizenship.
- Positive and healthy credit status.
Documents Required For J&K Bank Credit Card
The J&K Bank Credit Card application should be supported by the following documents:
Income Proof: The applicant must attach the requisite Income Tax Returns and bank account statement which certify his/her annual income mentioned under the eligibility clause above.
Address Proof: Applicant must attach documents that testify to the address of the applicant. Any one of the following documents can be used as address proof.
- Aadhaar Card
- Passport
- Driving License
- Electricity Bill
- Telephone Bill
- Bill for postpaid mobile phone connection
- Bill for piped gas
- Water bill
In case the Permanent address is different from the contact address, documents must be submitted for both.
Identity Proof: Documents for photo identification proof must be submitted along with the credit card application. Any one of the following can be used for the purpose. Applicant must submit a self-attested copy.
- Passport
- Voter ID Card
- Driving License
- Aadhaar Card
Making J&K Credit Card Bill Payment
J&K Bank Credit Card dues can be paid using any of the payment methods mentioned below:
- Cheque/Draft: Payment can be made through a cheque/draft issued in the favour of J&K Bank Credit Card No. XXXX(16-digit card number). Don't forget to write your name and contact details on the reverse. The cheque/draft can be deposited at any J&K Bank branch.
- Auto Debit: A J&K Bank account holder can authorise the bank to deduct the Minimum Amount Due or Total Amount Due on the due date directly from the bank account.
- Cash Deposit: Card dues can be paid over the counter at any J&K Bank branch across India.
- Standing Instructions: Authorise the bank to clear the minimum amount due or total amount due from your bank account on a pre-specified date.
J&K Bank Credit Card Customer Care Details
Any inquiry/ request/query about J&K Bank credit card can be channelized through
- 24x7 Toll-Free Customer Care Centre: 1800 1800 234
- Call the Credit Card helpline on 0194-2486427
- Drop an email at creditcards@jkbmail.com
- Write to:
Jammu and Kashmir Bank Ltd,
Card Issuing and Acquiring Department,
Corporate Headquarters,
M.A. Road, Srinagar, 190001
Jammu and Kashmir, India.
Jammu & Kashmir Bank Credit Card FAQs
J&K Banks SMS Alert facility will send instant messages on the registered mobile number of the cardholder. The facility can prove helpful in the following ways:
- Dispatch of credit card.
- Inform/confirm every transaction initiated through J&K Bank Credit Card.
- Bill dispatch
- Approaching due date
- Missed due date
- Overdrawn credit limit
MasterCard Secure Code is a smart way to safeguard online payments using the J&K Bank Credit Card. It is a secure online payment service that through its password checkout process confirms cardholder's identity and protects online transactions.
The J&K Bank Credit Card statement is generated on the 20th of every month. This date is technically called the Statement Date. The amount outstanding on the statement date is due on the 10th of the subsequent month. Thus, if the cardholder makes a transaction on the last date before the billing cycle, he/she enjoys a free credit period of 20 days. This period can go up to 50 days if the transaction is made on the first day of the next billing cycle. It is important to learn that the free credit period facility can be enjoyed on if the Total Amount Due is paid on every statement date.
Minimum Amount Due is the minimum amount that a cardholder is required to pay on the due date to avoid reporting a default. This is 5% of the Total Amount Due on the statement date.
Furthermore, the Minimum Amount Due will be more than 5% of the Total Amount Due in the following cases:
- If a default occurs in paying the Minimum Amount Due in any previous statement cycles, the amount also forms part of the Minimum Amount Due in the subsequent billing cycle.
- When the Total Amount Due surpasses the credit limit sanctioned on the card, then the amount over and above the credit limit also forms a part of the Minimum Amount Due.
The J&K Bank credit card holder enjoys the flexibility to pay only the Minimum Amount Due on the due date. This amount is 5% of the total outstanding. The balance is carried forward to the next billing/statement cycle with the applicable service charges. It is important to note that cardholder can pay any amount higher than the Minimum Amount Due, but less than Total Amount Due. The outstanding balance can then be revolved with applicable service charge.
The occurrence of any of the below-mentioned instances is termed as default:
- Failure to pay back the amount due before the pre-determined deadline.
- The cardholder becomes insolvent or his/her credit standing depletes.
- Cardholder's death or accident resulting in Permanent Total Disability
- Issuance of Garnishee order from the court.
- Submission of incomplete, misleading, incorrect, or forged records to the bank.
- The cardholder indulges in any activity that is not a bank interest.
- Dishonour of cheque or any banking instrument issued in favour of the bank.
- Cardholder involved or charged in a criminal case.
- Failure to comply with the terms of the agreement.
J&K Bank credit card comes with a pre-sanctioned limit. This limit is communicated to the cardholder at the time of issuance of the card. However, in case the customer wants to increase the card limit, he/she should apply for the same. The application should be supported by latest financial documents. The bank holds sole discretion to accept or reject the request.
J&K Bank Credit Card offers the benefit of an Add-On card. The card can be obtained on request and is issued to immediate family members of the primary cardholder namely spouse, parent, children, or sibling aged above 18 years.
The Add-On card enjoys the same benefits as the Primary Card. The credit limit on the Add-On card cannot exceed that of the primary card. The Add-On cardholder is bound by the same terms and conditions as applicable to the primary cardholder.