Credit Card for Defence Personnel

Posted by Loan4 Fauji on May 24th, 2021

What is a Credit Card for Defence Personnel?

By using credit cards, customers can offer bank money instead of their own to pay for a product or services today, and over a specific period, the customer repays the bank. Using bank money is often preferable to using your own because it lets you keep your own money available for other purposes, but you should repay within a specific period as decided by the issuing bank. The customers have to pay interest on money used only if he doesn’t repay within a predetermined period.

Physically, a credit card is a rectangular piece of plastic, graphite, or a metallic alloy, that identifies a financial account. It contains a magnetic strip on the back, and some contain an RFID chip. An account number and the owner's name or business name may be imprinted on the front. A credit card for defence personnel is one such example that is designed keeping a credit card for defence personnel in mind that includes serving officers of the Indian Army, Air Force, Navy and Paramilitary. Recently Hdfc Bank launched a dedicated HDFC credit card for defence personnel which will cater to different needs of soldiers.

How does a credit card work?

When you choose to pay with a credit card and you hand the card to a cashier or submit your card number over a secure internet connection, the merchant you are dealing with validates your account and whether the bank will allow the purchase to go through. If everything looks good, your purchase is added to your credit account. Many companies are involved with each swipe of a credit card and money exchanges hands between all these companies each time a card is used. Merchants pay fees to accept credit cards and eventually the card issuing banks receive part of this as revenue.

Once a month, the bank accumulates your credit card purchases and sends you a bill. The best option and only option I recommend for dealing with that bill is to pay in full by the date. If not, you have to pay a minimum amount determined by the bank to avoid extra fees.

There are a number of credit cards that cater to a specific customer base and provide offers that are concentrated towards those customers only. We at Loan4fauji offer credit cards of various Banks to compare & choose cheapest among all for Military which includes individuals working in Army, Navy & Airforce, Paramilitary which includes individuals working in CISF, CRPF, BSF, ITBP, SSB  and Ex-servicemen. 

Welcome to the world of Loan4fauji Credit Cards for defence personnel benefits and privileges. Now you can easily book that luxury villa for the upcoming family vacation or buy the next Gen laptop for your work on easy credit card EMIs. Unlock the potential in your life and business with the power of credit cards. Are you looking for a credit card for defence personnel? Loan4Fauji is the only place where you can get information needed about HDFC credit cards for defence personnel with exclusive benefits and services.

Visit our website: https://www.loan4fauji.com/credit-card