What are the advantages to credit cards for consumers?
Building credit, consolidating debt, better for people who experience a lot of fraud
True or false: You have longer to report fraud on a business debit card than a credit card.
False
What is an indemnity bond?
A form we fill out to help people or businesses get their money back from a cashiers check/money order that was never negotiated.
Which type of card is best for an 18 year old who wants a credit card but has never had one before?
Secured card. Secured cards allow you to put money down so you are approved when you may not have been otherwise.
True or False: Businesses can have authorized users on their credit cards that are not on their bank accounts.
True
How long after the cashier's check/money order is made can we start the indemnity bond process?
90 days for cashier's checks, 30 days for money orders
Which type of card is best for people who have debt they want to consolidate/pay down?
Platinum Card
If this customer has fraud on their debit card, how long do they have to report it to receive provisional credit?
24 hours
What is the first step of the indemnity bond process after the appropriate amount of time has passed?
Email finance@countryclubbank.com and copy CRT to verify the check/money order is still outstanding
Introductory 0.00% APR for the first 21 billing cycles on purchases. and balance transfers. This card has no additional rewards.
Platinum Card
How many business credit cards we offer?
What is the fee for the indemnity bond? Do you also have to pay the stop payment fee?
$30 for the indemnity bond, the stop payment fee gets waived
How many consumer credit card types we offer?
Visa Every Rewards, Max Cash Preferred, Platinum, Max Cash Secured, Secured Visa, College Real Rewards, Travel Rewards+, Reserve Rewards+
Card designated for Non-Profits and municipalities.
When the indemnity bond and all accompanying documents complete, what are all the documents you will inter-office to finance?
Indemnity bond, Stop pay, copy of transaction or white copy of check