42 Card

Solutions
A credit card, driven by technology
For everyone, everywhere & everything.
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 CAMPUS PROGRAMS
3123 Video provides a powerful way to help you prove your point.
4567 When you click Online Video, you can paste in the embed
code for the video you want to add.
8901
2345
Exp 07/28 BANK LOGO
Date
CREDIT Security
Code
07/28
Presence Campus Card (for minors) Campus (for 18+ yr students) Alumni Card
Audience • Students (of 18+ age) • Students (of 18+ age) • Alumni
Type • Supplementary card (with Parent) • FD backed secured card (Secured) • Secured/ Unsecured Card
• Student relevant offers, discounts and memberships
• Communication channel for
• Budget and transaction type controls
college
• Fees reminders
Product features • Data insights for college
• Rewards on card transactions
• Standard credit rewards for alums
• Credit on UPI
• Donation programs from alums
• ISIC membership option
 VALUE PROPOSITION FOR STUDENTS/ PARENTS
Feature Rich Product UPI Alternative
• Card face customized to Master’s Union • UPI alternative for small value spends
• Can be used everywhere on and off the
• Unlike UPI, Get rewards on each spend
campus
• Fee payment and reminder a key part
Digital Product / Process Better Usage Control
• State of the art of Card with CC on UPI & • Parents can control category of spends
NCMC on the card as well as set limits
• World of benefits for the student – • Helps build credit history for the
discounts, usage benefits and identity student
Master’s Union card issued to
• Service managed by us – no overhead to
the campus everybody who applies
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REWARDS
Reward points earnt on transactions
Students would earn 2 reward points per Rs. 100. The cards can be used for buying
the gift coupons whenever the student wants and will continue till the card is held.
Students can use these reward points to buy
vouchers
These reward points can be used to buy a voucher diverse set of vouchers based on
students preferences using our gift card marketplace powered by Novus
Some of categories, which giftcards will be from:
E-commerce Clothing Travel Health & Wellness
Digital
Food & Dining Entertainment
products
 KEY DETAILS ABOUT THE PROGRAM
• Partner banks can be 42Cards affiliated banks (City Union Bank, Utkarsh Small Finance Bank) initially
and can be changed to University’s preference provided that bank’s approval
• For Secured cards:
Operational • Student would have to an FD (which can range from 5K-50K), this FD would be liened to secure
details the card – which would provide 85% of the FD amount as credit limit
• FD interest would be as per Bank terms and tenure
• The FD amount would be used to adjust the credit card repayment in case the payment is
overdue by 14 days
• Cash advance fees: 5% of cash advance or Rs. 500, whichever is higher
• Finance Charge (APR) Interest will be charged on Delayed payments, Minimum payment only, Partial
Financial
payment, Cash advances, Carrying forward balances
details
• Daily finance charge of up to ~0.1% (equivalent to 2.95% monthly finance rate for a 30-day
month or an APR of 35.40%)