Cards for you

Know how to cancel your Credit Card: Knowing how to cancel your card is as important as knowing how to use it. When you decide to close a Credit Card, make sure all payments have been made and there are no pending dues. Avoid closing cards that still have outstanding balance to be cleared or those that make a significant amount of your credit history. Cancelling such cards impact your credit score.

Learn about cash advances: Credit Cards give you the freedom of taking cash advances. But avail this service only at the time of emergency because cash advances are levied with charges, which you start paying from the day you have taken the advance. There is no grace period on cash advances from a credit card.

Exploring lower rate of interest options for payments: In case of unexpected expenses, it is better to talk to your credit card company and explore different options that you can take advantage of, such as availing low interest credit options. This way you can save on the amount you repay.

Avail credit cards from institutions that follow national & international standards for secure transactions

Do not hand-over your credit card to people, whom you do not know. When you shop, make sure you have collected your card at the end of the transaction. Also, before signing the charge slip, check the amount printed on it.

Keep your Credit Card, CVV and helpline numbers saved with you separately and in case of card loss or theft, immediately inform your card issuer and get the card blocked.

Always log in into your credit card account from a secure computer that is malware free. Make a strong password for the online account of your credit card and do not share your password with anyone.

Refrain from responding to correspondences that asks for your Credit Card or password details. Banks or your card issuer, will never ask for this information from you. Whenever you get such mails, calls, SMS, etc. bring them to the notice of your card issuer.

Click here for a detailed account on dos and don’ts related to the safety of your credit cards.

Here are some simple and smart moves to maintain a good credit score:

Know your credit score before applying for a loan or credit card,. In case, if your score is less than what is generally considered by your lending institutions, take necessary measures to improve the score.

Limit the number of credit cards you own, since applying for many of them might create an impression that you rely too much on credit, which thus creates a negative impact on your credit score.

Make timely payments of your credit card bills. This is one of the most important requisites for a sound credit score. Your credit history plays a very important role in banks and lending institutions to decide whether you should be given more credit.

Identify the areas which pull down your credit score and continuously work on them in order to improve your score gradually. A good credit score is a key to a good financial life and it is vital that you build a high score.

You can read more about credit score here

In case the documents submitted by a foreign national does not contain the details of address, the documents issued by the Govt departments of foreign jurisdictions and letter issued by the Foreign Embassy or Mission in India shall be accepted as proof of address.

For NRI (Non-Resident Indians) /PIO (Person of Indian Origin) /OCI (Overseas Citizen of India) cardholders, any of the following documents can be submitted as current address proof as applicable:

1. OCI/PIO Card with Passport (both sides)
2. e-FRRO letter with Passport (both sides)

In case of NRI/PIO/Foreign National as defined in Foreign Exchange Management (Deposit) Regulations, 2016 alternatively, the original certified copy of documents with Passport (both sides), certified by any one of the following, may be obtained:

1. Authorized officials of overseas branches of Scheduled Commercial Banks registered in India,
2. Branches of overseas banks with whom Indian banks have relationships,
3. Notary Public abroad,
4. Court Magistrate,
5. Judge,
6. Indian Embassy/Consulate General in the country where the non-resident customer resides.

*Refer to the RBI circular below:
RBI/DBR/2015-16/18 Master Direction DBR.AML.BC.No.81/14.01.001/2015-16 (as updated from time to time)

* For Driving Licenses issued in states where it is specifically mentioned that the document cannot be used as address proof the same will not be acceptable as an address proof KYC document.

Important points to remember:

• Documents should be valid on current date
• In case your name in KYC document does not match with TATA Card records, we shall update your name in our records as per the KYC documents provided by you
• As per the notification, in case of any change in the KYC details submitted with TATA Card at the time of onboarding or periodic update, please share the updated documents within 30 days of any such change.

If, in case your current residence address is not updated in any of your Officially Valid Documents to be submitted as proof, you can still submit the address change requests as per below:

Submit your KYC document through Digilocker along with self-declaration of your current residence address. Login to our website http://tatacard.com and go to ‘Menu’, click on ‘My Accounts’ and click on ‘KYC Renewal’ to submit your request.

Alternatively, if you want to update your current resident address in your Officially Valid Document, the same can be done using the following options:

• UID/Aadhaar: Visit https://ssup.uidai.gov.in/ssup/ to check the required documents and get your address updated online in UID
• Voter ID: Register on Visit and select option ‘migration to other place’.
• Passport: Visit your nearest Passport Seva Kendra.
• Driving License: Visit your respective RTO office.