4. Limit of Transfer

At times, the card issuing companies puts limit on the transferred amount. There can be a minimum as well as a maximum limit for the transferring of the amount.

Also, the companies do introduces offers to get cash-backs on the usage of the cards till certain level. This promotes the use of the cards among the users.

5. Clearance of Balance

The card issuing banks also offer demand drafts to clear up outstanding balance, if there is any.

Any outstanding balance with any banks has to be cleared by the customer. In case, the user is new to the bank, the user can ask for demand draft from the bank. This process normally takes 7-10 working days with a minimal processing fee to avail this service.

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