cogebanque prepaid card

MASTERCARD CREDIT CARD

home MASTERCARD CREDIT CARD

Widely accepted internationally – our cards let you choose financial freedom along with benefits tailored exclusively to your lifestyle.

COGEBANQUE MasterCard Credit Card creates a revolving account and grants a line of credit to the cardholder, from which the cardholder can borrow money for payment to a merchant or as a cash advance.

COGEBANQUE MasterCard Credit Cards are differentiated in relation to customer segments i.e. gold, platinum and infinite. Some benefits include personal insurance covers and use of exclusive airport lounges for international travelers for the top end range of Credit cards.

General Features:

  • Cardholder can transact even when they don’t have money on their account. They have credit card limit which they can utilize.
  • Can also be used to draw money from an ATM and a cash advance fee is levied.
  • Companies can also benefit by being taking company credit cards for their employees.
  • Supported by companies with leading card payment programs for global acceptance i.e. MasterCard.
  • Cardholder is only requested to pay 25% of the billed amount although they are free to pay the entire bill. If partial settlement is done the outstanding debt is rolled over and interest is charged.
  • Card expiry is given in cycles of 2, 3, 4 or whatever number of years the issuer prefers. However, it can be cancelled any time in case of abuse or fraud. For Cogebanque Credit Card, the expiry period is set to 3 years.
  • Can be transacted over the internet for purchase of goods and services.
  • In instances where the physical card has not been produced this is referred to as card not present transaction (CNP) transaction. One could be asked to provide some security digits at the back of the card for verification purposes.

Requirement to get a COGEBANQUE MasterCard Debit card:

  • Clients whose salary is paid through their COGEBANQUE account;
  • Clients who have a good and consistent deposit record with the Bank e.g. hold a fixed deposit account with the Bank whose maturity is not due to expire in the next 3 months from date of application;
  • Clients with a good credit history with the Bank and who do not have any negative/adverse listing with the Credit Reference Bureau (CRB) in the last 3 months;
  • Clients who have secured mortgage loans and other secured facilities with the Bank and whose facilities are classified as performing i.e. have consistently maintained a good credit record;
  • Clients whose credit cards are to be guaranteed by their employers/organizations through negotiated arrangements with the Bank;
  • Clients who do not meet any or some of the above but who are willing to provide 100% cash cover can also be considered.
  • Salaried clients with stable employment record of 1 year and above;
  • Client with a consistent a banking record, supported by providing a current bank statement for the last 6 months;
  • Clients with a good credit history and who do not have any negative/adverse listing with the Credit Reference Bureau (CRB) in the last 6 months.

7 working days from the date of credit committee approval