Sunday, December 21, 2008

Citibank launches card protection plan - - 17 Dec 08

Citibank today announced the launch of a credit card benefit that protects against any misuse due to lost or stolen card. The annual fee applicable for the service is Rs 995 for the Classic plan and Rs 1,295 for the Premium plan.

Depending on the Plan selected, customers can be covered for fraud loss on their cards upto Rs 1,00,000 prior and Rs 20,00,000 post notification; overseas emergency assistance for payment of hotel expenses of upto Rs 1,20,000 and Rs 60,000 in India; and replacement travel ticket advance of Rs 1,20,000 while overseas and Rs 60,000 while in India.

Launched in partnership with CPP Assistance Services Pvt Ltd (CPP), a global leader in assistance services marketing, this service is extremely convenient as it protects the cardholder’s entire wallet of cards, credit and debit, including those of other issuers, and even non-financial ones such as store, loyalty and membership cards, the bank said in press statement.

No comments: