Central Bank of India Aspire Credit Card

Here are some of the main benefits and features of Central Bank of India Aspire Credit Card:

• There is a global acceptance of this card.
• ATM compatibility that allows you to make cash withdrawal anywhere across the world.
• It is EMV chip-based card that makes your transactions highly secured. Online transactions are safe and secure with the ‘Verified by VISA’ secure code.
• The card is issued based on the Cent Aspire Fixed Deposit account. Credit limit is allowed up to 100% of the Cent Aspire Fixed Deposit account. Credit limit can vary from ₹ 20,000 to ₹ 10 Lakhs.
• Central Bank of India Aspire Credit Card holder can get a credit-free period for up to 55 days.
• Insurance of Personal accident cover of ₹ 1 Lakhs is offered under group insurance scheme.
• The card rewards and provides exclusive offers on travel, dining, entertainment and lifestyle spends.
• Round the clock customer service facility.
• Easy payment options are available.

Please Note: Central Bank of India is not a Paisabazaar partner. Offers would be from partner Banks/NBFCs only. 

• Applicant has to be more than 18 years old with nationality being an Indian resident.
• Applicant needs to have Cent Aspire Fixed Deposit Account with the bank. Minimum requirement of the deposit is ₹ 20,000. The deposit account will be lien marked with auto-renewal option.
• Non-resident Indians are not eligible for Central Bank of India Aspire Credit Card as they cannot open a Cent Aspire Deposit Scheme.
• KYC compliance is mandatory of applicants.

• There is no fee for card issuance.
• Card cancellation and renewal fee are ₹ 100 each.
• Cash withdrawal charges – ₹ 100 per ATM withdrawal transaction + 1.5% per month from the date the money is withdrawn till the same is repaid.
• Railway ticket surcharge -2.5% + Rs.30
• The foreign currency fee with a markup for the same of 3.5%.
• Fuel surcharge charges – 2.5%.
• Late payment charges – ₹ 100 per late payment transaction.
• If the auto-debit is dishonoured, a charge of ₹ 150 is debited.
• Service charge levied on the amount that is unpaid from the due date is charged at 1.5% per month.

To sum it up, if you are looking for a low-cost credit card with best offers on dining, travel, entertainment and lifestyle spends, Central Bank of India Aspire Credit Card can be an ideal option.

Also read: Popular Credit Cards in India