The Andhra Bank offers Credit Card through VISA. The minimum income eligibility for the Andhra bank Credit Card for the public limited employees is sixty thousand for per annum. The minimum income eligibility for the Andhra bank Credit Card for self-employed is sixty thousand per annum. The minimum income eligibility for the Andhra bank Credit Card for the salaried is also sixty thousand per annum.
Fees and Charges The fee for joining for the Andhra bank credit card is hundred rupees. The fee per annum for the Andhra bank credit card is two hundred fifty rupees. There is no fee for add-on card, card replacement, photo card and for renewal. The transaction fee for a cash advance is 2.5 percent on the transaction amount.
Interest Rate The interest rate for the Andhra bank credit card is three percent per month. The maximum credit days are forty days. The effective interest rate per annum is forty-two percent. The minimum payment per month is ten percent of the total outstanding amount. The interest rate for a cash advance of the Andhra bank credit card is 2.5 % per month.
The Andhra bank credit card is valid at all major merchant outlets. The Andhra bank credit card is accepted in the ATM centers in India and abroad also. If your Andhra bank Credit Card is lost then it should report it as early as possible if not the liability charges of rupees thousand are collected. The Insurance covered for Andhra bank credit card are air accident cover and general accident cover. No insurance are covered for add-on card.
Documents Required The following documents are required to apply for Andhra Bank credit card,
- Residential Proof
- Electricity Bill or Tax receipt in case of own house
- Photocopy of PAN card
- Income Proof
- Two passport size photos