Recently, ICICI Prudential Mutual Fund introduced Visa debit card transactions facility. The facility is launched for ICICI Prudential Mutual Fund investors.

An online news portal – economictimes.indiatimes.com about business and economy, quotes a statement about ICICI Prudential MF Visa Debit Card payment service of Company, “This feature will provide easy accessibility to investors by facilitating mutual fund purchase on their website through Visa debit cards.”

So, ICICI Prudential MF Visa Debit Card payment service is introduced to provide an easy accessibility for buying mutual fund through Visa debit cards.

Further the press release says, “ICICI Prudential Mutual Fund plans to introduce Visa PoS (Point of sales) terminals in seven cities including Mumbai, Delhi, Chennai, Kolkata, Bangalore, Pune and Ahmedabad offering investors the convenience of purchasing mutual fund schemes by swiping their Visa Debit card.”

So, ICICI Prudential Mutual Fund has tried to introduce Visa PoS in seven cities – including Mumbai, Delhi, Chennai, Kolkata, Bangalore, Pune and Ahmedabad. The PoS offers investors the convenience of purchasing mutual fund schemes. They can do it just swiping their Visa Debit card.

ICICI Prudential MF Visa Debit Card payment service is a much appreciating service like PremierMiles Credit Card of Citibank.

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Now, ICICI Bank has planned to invest in its infrastructure. It has planned to open 400-500 branches annually over the next 3 years.

An online news portal about business and economy – economictimes.indiatimes.com, quotes a statement of ICICI Bank Managing Director and CEO Chanda Kochhar, “I feel that we have to grow beyond the number of existing) branches… Over the next 2-3 years, we would continue to add branches at the rate of 400-500 per year.”

Further the news portal writes, “The bank, which reported a 30.5 per cent increase in net profit to Rs 1,437 crore during the quarter ending December 31, has been expanding its branch network at rapid pace. Presently, it has about 2,500 branches and 5,800 ATMs.

Kochhar is here as one of the six co-chairs of the annual meeting of the World Economic Forum being attended by the world’s top CEOs, heads of states, academicians and even faith leaders.

The Indian government yesterday decided to honour Kocchar with the Padam Bhushan, a civilian award given by the state in recognition of an individual’s achievements.”

In the analysis, the news portal writes, “ICICI Bank, which was quite aggressive on personal loans till 2008, has shifted focus and it has been concentrating on corporate sector financing as one of the key areas of “sustainable growth”.

With the private sector expected to play a major role in infrastructure financing, projected at USD 1 trillion in the next 5-6 years, ICICI Bank would remain active in areas like roads and power.”

It is the biggest event for ICICI bank after the launch of a new credit car jointly with Kingfisher.

Recently, Citibank launched PremierMiles credit card that helps them accumulate reward points, in the form of ‘PremierMiles’.

An online news portal about business and economy – economictimes.indiatimes.com, writes about PremierMiles credit card of Citibank, “Under the programme, card members earn 10 premier miles for every 100 spent on airline ticket bookings made at airline-owned websites, airline booking counters or through the PremierMiles portal. For each non-airline spend worth 100, the card holder can earn 2.5 miles.

Upon activation, the card account is credited with 5,000 premier miles. If you incur expenses of 4 lakh using this card in a year, you will be entitled to a bonus of 2,500 premier miles. The points so earned cannot be clubbed with the frequent flyer points you may have earned.

The card membership also entitles the holder access to VIP lounges at airports across the world and offers on accommodation at hotels in the network. The card comes with a built-in overseas medical insurance and fraud protection plan.

Those wishing to obtain the card will have to shell out an annual fee of 5,000, which could be seen by some, particularly those looking for a diverse rewards programme, as trifle expensive for a primarily airline focused card. To redeem the points collected, card holders will have to visit the bank’s designated portal. They can also make their flight ticket bookings through the site.”

So, PremierMiles credit card of Citibank helps in booking air ticket specially. Card holder earns miles also from the card.

Further the news portal writes about the benefits of PremierMiles credit card, “The rewards programme is not restricted to any particular airline. Miles accumulated can be redeemed for tickets of several international and domestic airlines, including low-cost carriers.”

PremierMiles credit card of Citibank is considered as the best card after Multi-utility Cards of Corporation Bank.

Recently, ICICI Bank announced to launch a new credit card along with Kingfisher Airlines. It is a new credit card that will allow its holders a host of lifestyle benefits.

It is an ICICI Bank Kingfisher Airlines MasterCard Credit Card. The card enables the holder to earn accelerated miles for all cards spend. You can get bonus miles on joining and renewal.

Subscribers of ICICI Bank Kingfisher Airlines MasterCard Credit Card can get complimentary upgrade vouchers, membership of King Club, Kingfisher Airlines’ frequent flyer programme, and a range of special offers on shopping. They will be able to enjoy with golfing and dining also.

A Raghunathan who is the Kingfisher Airlines’ Chief Financial Officer said in a statement, “This card is set to be a game-changer with an unmatched value proposition and a host of benefits.”

An online news portal – economictimes.indiatimes.com about business and economy, writes about ICICI Bank Kingfisher Airlines MasterCard Credit Card, “ICICI Bank Kingfisher Airlines MasterCard Credit Card enables the holder to earn accelerated miles for all card spends, bonus miles on joining and renewal, complimentary upgrade vouchers, membership of King Club, Kingfisher Airlines’ frequent flyer programme, and a range of special offers on shopping, golfing and dining.” It was also quoted by an official press release.

Further the press release adds, “The miles earned can be redeemed for free flight tickets and upgrade vouchers with the leading private airlines.”

So, it will offer a redeemed point also for free flight tickets and upgrade vouchers with the leading private airlines.

ICICI Bank Kingfisher Airlines MasterCard Credit Card will be available in three variants – World, Platinum and Titanium.

So, it is a joint credit card of ICICI Bank and Kingfisher Airlines with some good benefits for the customers. There are many new features in these cards for the different needs of customers. It is a very good co-branded credit card after Co-Branded Credit Cards by Aditya Birla Group and SBI Card.

Now, Bank customers will soon get maximum withdrawal in a single day upto Rs. one lakh by their ATMs. They can shop also of Rs 1.25 lakh by their debit cards. They can transfer about Rs three lakh in a day to another account through ATMs or over phone.

Currently, HDFC has announced to give the facility to its customers. The enhanced limits for ATM withdrawals would save the consumers from running to bank branches. Currently, you are able to withdraw Rs 50,000 in a day through your ATMs.

Withdrawal upto Rs one lakh in a day to the HDFC customers effects from June 1. Other banks will also announce the policy soon.

About the enhanced ATMs withdrawal economictimes.indiatimes.com, an online news portal about business and economy writes, “The ATM withdrawal limit for HDFC Bank Imperia Gold Debit Cards now stands increased to Rs 1 lakh, and that for shopping to Rs 1.25 lakh, from Rs 50,000 per day.”

Further the news portal writes about the debit shopping, “Besides, the ATM card and shopping limit for Easy Shop Regular International/ Maestro/ NRO Debit Cards would stand increased to Rs 25,000 and Rs 40,000 respectively, from Rs 15,000 and 25,000 respectively.”

The news portal writes about the kid’s advantage, “Also the holders of Kid’s Advantage Debit Cards can withdraw and shop for Rs 2,500 in a single day, higher from Rs 1,500 and Rs 1,000 currently.”

“Further, for Women debit Card holders will get to withdraw Rs 25,000 from ATMs from Rs 20,000. Also customers can shop for up to Rs 40,000 crore with debit cards, from the present Rs 30,000.”

Further the news portal quotes a statement of HDFC, “The above revised limit are not applicable to the card holders whose current limit are different from the ones stated above and will continue to enjoy their requested/offered limits as sanctioned before.”

The new policy will save banks and customers both times. Both will get double advantage.

Recently, American Express introduced – Pay with Points rewards program through its membership. It is a feature that makes booking flights easier and faster than before for its Platinum cardmembers and the Platinum Reserve credit cardmembers.

About the “Pay with Points”, economictimes.indiatimes.com, an online news portal writes, “American Express, through its Membership Rewards program, has introduced ‘Pay with Points’, a feature that makes booking flights easier and faster than before for its Platinum cardmembers and the Platinum Reserve credit cardmembers. Pay with Points feature allows cardmembers to instantly redeem membership rewards points for all or part of the cost of any leading airline ticket without blackout dates or restriction when booking travel through American Express Membership Travel Services.”

The “Pay with Points” allows card members to redeem membership rewards points for all or part of the cost of any leading airline ticket without blackout dates or restriction when booking travel through American Express Membership Travel Services.

Simran Kalra who is the vice president, product management & development, American Express, said to the ET, “In the past, American Express cardmembers were able to convert rewards points to frequent flyer miles with Membership Rewards partner airlines. Now in addition, with this ‘Pay with Points’ feature, our cardmembers have an option to use their membership reward points to fly on any leading airlines free of blackout dates or restrictions or memberships to Frequent Flyer programmes.”

With this “Pay with Points”, American Express Card Members will fly on any leading airlines free of blackout dates or restrictions.

Further the news portal writes, “Cardmembers can call American Express Membership Travel Services to book tickets availing of a choice of airlines to fly including leading domestic and over 50 international airlines. Cardmembers can pay for tickets by combining points with part payment on their American Express Platinum Cards as well as pay fully with the points earned.”

The feature allows you to fly including leading domestic and over 50 international airlines. It is the biggest news just like World Travel Card of PNB.

Recently, LIC announced to launch credit card protection service. According to the service, LIC credit card hold were able to report loss any of their cards from anywhere in the world to a 24-hour helpline.

About the company said in a statement to ET, “LIC Cards Services Ltd has launched Card Protection Plan for its credit card customers in partnership with CPP Assistance Services… and it safeguards all of the LIC cardholder’s payment cards – credit, debit and ATM cards.”

Further they add, “Besides, customers will be able to retrieve important details on lost/stolen documents like passport, PAN and driving license. Customers would need to purchase a membership plan offered by LIC and register their cards.”

For the service, customers have to pay an annual fee of Rs 995 and Rs 1,295. About the service charges ET quotes a statement, “The difference between the two is in the Assistance services limits and fraud protection limits provided to the consumer”.

In another article, Economic Times writes about the tips of protection of credit cards fraud, “Never write your personal identification number (PIN) on your card. Instead memorise it or keep the number separately from your card.”

“…Do not provide photocopies of both the sides of your card to anyone. This is because the card verification value (CVV), which is required for online transactions, is printed on the reverse of the card. Anyone can use the card for online purchases if the information is available with one.”

“…Before shopping online, make certain the internet shopping sites are secure. For this you should check out the encryption software it uses.”

“…Don’t give out your credit card number online unless you know and trust the company in question.”

“…Do not give any information to persons seeking credit card information over phone unless you have yourself initiated the talk. They may even claim to be a bank’s representative, but you actually don’t know who they really are.”

So, if you are going to use your credit cards, follow above mentioned suggestions to protect from fraud. We already have discussed about how to enhance online security.