Introduction to Corporation Bank Credit Cards
Corporation Bank, now merged with Union Bank of India, offered a range of credit cards catering to different customer needs. These cards came with various features and benefits, making them a popular choice among customers. In this article, we'll discuss the types of Corporation Bank credit cards, their features, eligibility criteria, and more.
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Types of Corporation Bank Credit Cards
Corporation Bank provided several credit card options, each designed to suit different lifestyle and spending habits:
- Corporation Bank Visa Gold Credit Card
- Corporation Bank Visa Classic Credit Card
- Corporation Bank Visa Platinum Credit Card
- Corporation Bank Mastercard Gold Credit Card
- Corporation Bank Mastercard Classic Credit Card
Features and Benefits
Corporation Bank credit cards offered a host of features and benefits, such as:
- Reward points on every purchase
- Cash withdrawal facility
- Interest-free credit period of up to 50 days
- EMI options for large purchases
- Comprehensive insurance coverage
- Global acceptance
Eligibility Criteria
To apply for a Corporation Bank credit card, applicants needed to meet certain eligibility criteria:
- Age: Minimum 21 years and maximum 60 years
- Income: Minimum income requirement varied based on the type of credit card
- Credit score: A good credit score (700+) was preferred
- Employment: Both salaried and self-employed individuals were eligible
How to Apply for a Corporation Bank Credit Card
Interested customers could apply for a Corporation Bank credit card by visiting the nearest branch or through the bank's website. The application process required submitting proof of identity, address, and income.
Corporation Bank Merger with Union Bank of India
In April 2020, Corporation Bank merged with Union Bank of India, along with Andhra Bank. As a result, Corporation Bank credit cards are no longer issued. Existing cardholders were migrated to Union Bank of India credit cards.