Jammu And Kashmir Bank Credit Card

Founded in 1938, Jammu and Kashmir Bank, also known as J&K Bank, operates as the sole private sector bank handling Central Government’s banking transactions, earning the title of RBI agent. Headquartered in Srinagar, it’s designated to collect central taxes for CBDT. The bank focuses on expanding loan products in its home state, providing financial solutions to SMEs and households. Listed on BSE and NSE, J&K Bank boasts a history of consistent dividends and profits, showcasing its financial stability over the years.

Features and Benefits of Jammu And Kashmir Bank Credit Card

The Jammu and Kashmir Bank Credit Card offers several features and benefits:

  1. J&K Bank Credit Card is globally accepted wherever MasterCard is welcomed.
  2. Withdraw up to 20% of the credit limit as instant cash at ATMs worldwide.
  3. Use the card at any MasterCard-accepted ATM for instant cash withdrawals.
  4. Benefit from a 20 to 50 days interest-free credit period when the previous month’s due is cleared.
  5. Avail of a revolving credit facility by paying the Minimum Amount Due on each statement date.
  6. Enjoy competitive finance charges and earn attractive reward points on every purchase.
  7. Receive SMS alerts on card usage and due dates for enhanced awareness.
  8. Ensure added security with One Time Passwords (OTP) for IVR transactions.
  9. Make secure online payments using MasterCard Secure Code.
  10. For Empowerment Credit Card holders, convert retail purchases into easy EMIs for added convenience.

Jammu And Kashmir Bank Credit Card Fees and Charges

Here are the fees and charges associated with the Jammu and Kashmir Bank Credit Card:

Fees:

  • Joining Fee: Rs.300 + GST
  • Annual Fee: Rs.400 + GST
  • Add-On Card Issuance: Rs.300 + GST
  • Annual Add-On Card Fee: Rs.400 + GST

Interest Rate:

  • 3.00% per month

Cash Advance:

  • At J & K ATMs: 2.5% of the amount (min. Rs.300) + GST
  • Overseas: 2.5% of the amount (min. USD 5) + GST

Late Payment Fee:

  • Rs.100

Card Replacement:

  • Rs.200 + GST

Jammu And Kashmir Bank Credit Card Eligibility Criteria

Here are essential criteria for applying for an Jammu and Kashmir Bank Credit Card:

  1. Age requirement for cardholders is 18 to 70 years, with the primary cardholder falling between 21 to 65 years.
  2. A fixed monthly income is a prerequisite for eligibility.
  3. A good CIBIL credit score is essential for approval.
  4. Net income should be Rs. 15 lakh or more per annum.
  5. Residence in India is a mandatory criterion.
  6. For add-on cardholders, the minimum age is 15 years.

Documents Required for Jammu And Kashmir Bank Credit Card

To apply for the Jammu and Kashmir Bank Credit Card, you must provide the following documents:

1. Identity Proof:

  • Passport
  • PAN Card
  • Aadhaar Card
  • Voter’s ID Card
  • Driving Licence
  • Photo Credit Card
  • Central and State Govt. issued Photo ID Proof
  • Defence ID Card, etc.

2. Residence Proof:

  • Aadhaar Card
  • Ration Card
  • Passport
  • Bank Account Statement
  • Voter’s ID Card
  • Letter from any recognized public authority
  • Telephone Bill
  • Electricity Bill
  • Water Bill (not more than 3 months old), etc.

3. Income Proof (salaried co-borrower):

  • Salary Slips (not more than 3 months old)
  • Bank Statements (not more than 3 months old)
  • ITR
  • Form-16 for the last 2 years
  • Bank account statement for the last 6 months of the salary account.

4. Income proof (self-employed co-applicant):

  • Business address proof
  • IT returns for the last two years (If IT payee)
  • TDS certificate Form 16A if applicable
  • Certificate of qualification (for CA, doctor, and other professions)
  • Bank account statement for the last 6 months.

How To Apply for Jammu And Kashmir Bank Credit Card

To apply for the Jammu and Kashmir Bank Credit Card, follow these steps:

  1. Begin by visiting the official website of Jammu and Kashmir Bank.
  2. Navigate to the ‘Help Center’ section on the homepage and select the ‘Apply Online’ option.
  3. Fill out the application form on the newly opened page with all the necessary details.
  4. Once the form is completed, click on the ‘Submit’ button.
  5. The bank will then verify the details submitted and assess your application against the predefined eligibility criteria.
  6. Depending on the verification outcome, the bank will either accept or reject your application.
  7. Upon successful acceptance, the bank will initiate contact to guide you through the subsequent documentation process.

List of Jammu And Kashmir Bank Credit Card

Here are some of the credit cards offered by Jammu and Kashmir Bank Credit Card:

  1. J&K Bank Blue Empowerment Card
  2. J&K Bank Silver Empowerment Card
  3. J&K Bank World Credit Card
  4. J&K Bank Gold Empowerment Card
  5. J&K Bank Platinum Credit Card