Credit Cards

Toghrul Kazimov

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What is the Credit Card? a payment card allow

cardholders buy goods and services now and pay it back later

Your Credit on the Card

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OR

Signature periodMagnetic strip

PIN

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Advantages

For Cardholder:

Simple

No need to approach bank to take a credit

Convenient

For Merchants

Less risky 4

Source of revenue for Banks?

Joining FeeCard Renew FeeService Charges from RetailersInterest Rate from Cardholder

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Disadvantages

For Cardholder:

Loss or stealing of Card

For Merchants:

Fee

For Banks:

Risk of Fraud

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How does process happen?

Not so complicated

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Which types of Credit Card do we have?Based on Issuer:

Individual

Corporate

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Which types of Credit Card do we have?

Based on franchise:Visa American ExpressMasterDomestic tie-up ….

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Which types of Credit Card do we have?

Based on geographical validity:InternationalDomestic

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Which types of Creadit Card do we have?

Based on Status:StandartBusinessGold

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Which types of Credit Card do we have?

Based on Credit Recovery:ChargeRevolving

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How does process happen?

Not so complicated

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What about Gambling Games?

Banks don`t like Gambling Games

How to prevent Fraud on Credit Cards?

Keep it safe

Don`t share PIN code

Check statement often

Report any questionable charges to the card issuer

Use 3D

Use SMS Banking

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What`s 3D?

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Fees in Azerbaijan

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● Rate 20-30%● Max. Amount Threefold of wage● Guarantee 1-2 surety (depend on

amount)● Requirements 1. ID Card

2. Reference from Company 3. ID card’s copy

4. Reference copy from company