Double Reward points on Balance Transfer- Terms & Conditions 1. 2. The customer is eligible for “double reward points on balance transfer amount” (“Offer”) only if the customer expresses interest for the Offer Double reward point will be awarded only after the completion of the interest free period provided the customer has not foreclosed the Balance Transfer request and the Barclaycardholders account continues to be in good standing and the minimum payment due continues to reach us before the payment due date. The Offer is available for select Barclaycardholders. The final approval for the Balance Transfer is subject to the performance on your Barclaycard at the time the request is received and is at the sole discretion of Barclays Bank PLC. This facility is available only to Primary Card (Not available to add-on cards) and to Barclaycard customers holding valid Barclaycards. Balance transfer requests can be made only for amounts equal to or more than Rs.1,000. The maximum Balance Transfer that can be availed is up to 90% of Available Credit Limit. Customers will be eligible to book up to 3 active Balance Transfer Requests on their Credit Cards, subject to each of them being more than Rs.1000 and sufficient Credit Limit being available. After One Balance transfer has been paid off, a fresh balance request can take its place. Barclaycard will send the Demand Draft (DD) favouring the other Credit Card (other than Barclaycards) for the Approved Transfer Amount to your Mailing Address which you can deposit with your other Credit Card to make payment against the amount so requested for transfer to Barclaycard and you shall continue to be responsible for making any other payments which are due against you in favour of other Credit Card. Alternatively the payment may also be done through a Visa Money Transfer which will be directly Credited to the other Bank Credit Card within 3 working days. Barclays Bank PLC and / or the Barclaycard will not be held liable for Service Charges or Late Payment Charges debited to your other Credit Card for any reason whatsoever The first billing (Minimum Due % of total transferred amount) against the transferred amount will be billed to you in the next statement you receive. The customer would have set the Minimum Due Percentage of the Barclaycard at the time of Credit Card Opening. A one-time transaction fee will be charged for Offer. This will be billed in the monthly Card statement. At present the fee applicable on Balance Transfer – 2% or Rs.500/(whichever is higher) Interest Rate will be 0% per month on the balance for a period of 3 months. After the period of 3 months, the regular annualized Interest Rate which is communicated to the customer in the Schedule of Charges. The Bank reserves the right to change the rate of interest and bank will communicate such new applicable rate in accordance with the RBI Guidelines. The payment made by the customer is first allocated to the Interest and Fees Outstanding, then to the Balance Transfer Amount and then to the Retail Purchase Transactions, e.g. If the customer does a Balance Transfer of Rs.20,000 and on the same day makes a purchase of Rs.10,000 then the outstanding would be Rs.30,000 and Minimum Amount Due would be Rs.1500 (assuming Min Due Parameter set to 5%). If the customer were to pay Rs.11,000 on payment date, then the entire Rs.11,000 would be taken towards the Balance Transfer. The customer still gets charged Interest on the Purchase of Rs.10,000 at normal interest rates. Barclaycard reserves the right to ask for any additional documents from you. The preapproved Loan amount may vary based on aggregate debt burden and total exposure on all existing Barclays Bank PLC and / or Barclaycard relationships Barclaycard reserves the right to cancel or revoke the pre-approved Balance Transfer at anytime, at its discretion before the actual disbursement of the Loan, in the event any 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30. material fact concerning your income, employment or ability to repay, or any other relevant aspect of your proposal for the Balance Transfer is found to be false, suppressed or misrepresented in any form Interest rates communicated at the time of booking will be applicable. Barclaycard reserves the right to modify this interest rate in accordance with the guidelines issued by RBI from time to time Barclays Bank PLC and / or Barclaycard reserves the right to revise the prepayment charges at its discretion after giving the customer due notice Nothing contained in the Offer will be construed as an obligation on Barclays Bank PLC to continue the Offer after the Offer termination date Barclays Bank PLC reserves the right at anytime, without previous notice, to add, alter, modify, change or vary all or any of these terms and conditions or to replace wholly or in part this scheme by another Offer, whether similar to the Offer or not, or to withdraw it altogether Barclays Bank PLC shall not be responsible for, or liable to any actions, claims, demands, losses, damages, costs, charges or expenses, which a customer may suffer, sustain or incur by this Offer All disputes, if any, arising out of or in connection with or as a result of the Offer or otherwise relating hereto shall be subject to the exclusive jurisdiction of the competent Courts/Tribunals in Mumbai only, irrespective of whether Courts/Tribunals in other areas have concurrent or similar jurisdiction. Bank and / or its Service Providers will record the communications with the Customer for its record purposes. If you applied for closure of the Barclaycard and / or Bank decided, for any reason whatsoever, close the card before all the installments get repaid, the Loan outstanding as on such date will get debited to the Card Account as one consolidated amount and you shall be permitted to close the Card or bank decided to recall the facility or close the card, in such situations you shall be required to make payment of all due amount(s) in the next billing cycle. The Bank reserves the right to change the rate of interest and bank will communicate such new applicable rate in accordance with the RBI Guidelines. Under the Balance Transfer offer the Credit Limit on your Barclaycard will be blocked for the amount, which has been transferred. The Credit Limit will be released as and when the amount is billed and paid for in subsequent months. This Barclaycardpoint scheme shall remain in force till such time till it is otherwise terminated by Barclaycard. Double Barclaycard Rewards Points shall, at present, accrue on the balance transferred for select customers. Balance transfers done prior to launch date will accrue normal Reward Points: Applicable double Barclaycard points will accrue at the following rate. 1. Barclaycard Gold : 4 BarclaycardPoints for every Rs.100 (rounded downwards to the nearest whole number) 2. Barclays Premier League Barclaycard : 4 BarclaycardPoints for every Rs.100 (rounded downwards to the nearest whole number) 3. Smart Budget Barclaycard: 2 BarclaycardPoints for every Rs.100 (rounded downwards to the nearest whole number) Barclaycard Rewards Points shall not accrue on charges that are subsequently reversed. Barclaycard Points have no expiry date. Barclaycard may introduce an expiry period for BarclaycardPoints without giving any notice. Double Barclaycard reward point is however applicable on the Balance transferred. The BarclaycardPoints are redeemable for purchase of specific goods and vouchers as may, from time to time, be intimated by Barclaycard. On redemption, the BarclaycardPoints so redeemed would be automatically deleted from the accumulated Barclaycard Rewards Points in the Barclaycard Cardmember's Account. 31. No accumulation or redemption of BarclaycardPoints will be permissible if, on relevant date, the Card has been withdrawn or cancelled or is liable to be cancelled or if the account of the Barclaycard Cardmember is a delinquent account or if there is any breach of any clause of the Terms and Conditions applicable on the card. The BarclaycardPoints will lapse on the date of closure / cancellation of the Barclaycard 32. Goods would be delivered within six to eight weeks of receipt of the order on a "besteffort" basis. However, Barclaycard will not be held liable for any delay beyond this time period. 33. Barclaycard reserves the right to substitute or withdraw any product or Gift voucher on account of non-availability of the product or Gift voucher. 34. Redemption orders cannot be cancelled or varied once they have been made. Redemptions can be executed only after the customer has accumulated 500 or more Reward Points. The minimum balance of points for redemption may be changed by Barclaycard without giving any notice. 35. Barclaycards's computation of Barclaycard Rewards Points shall be final, conclusive and binding on a Barclaycard Cardmember and will not be liable to be disputed or questioned, except in case of manifest error. 36. A Barclaycard Cardmember cannot transfer any BarclaycardPoints to another person or combine the BarclaycardPoints of his / her other Credit Cards except for Additional Cards issued and linked with the primary card. 37. Barclaycard accepts no liability in respect of any income or other tax liability of Barclaycard Members arising from the redemption of Barclaycard Rewards Points. 38. This scheme is entirely voluntary and it is understood that all charges are voluntarily incurred by a Barclaycard Cardmember in the normal course of Card usage. Further, nothing contained herein will prejudice or affect the Terms and Conditions of the Barclaycard. The terms of this scheme shall be in addition to and not in derogation of the terms of the Card. 39. All goods / Services under the BarclaycardPoints Program are subject to availability of the goods and supplier restrictions, at the time of redemption. 40. Cardholder understands that Barclaycard will not be responsible for any defect in the goods or deficiency of the services so delivered / rendered against redemption of the reward points. 41. Any query / dispute as regards delivery of defective or deficient goods / Services must be addressed in writing to the manufacturers/suppliers and sent to Barclaycard within 5 working days of the date of receipt of the goods to enable Barclaycard to forward the same for resolution to the manufacturers/suppliers concerned. Any claims made after 5 days shall not be entertained and the Barclaycard Cardmember shall be deemed to be satisfied with the goods. 42. Barclaycard expressly reserves the right at any time and without previous notice to Barclaycard Cardmembers, to add/or alter, modify, change or vary all or any one of these terms and conditions or to replace wholly or in part this program by another program, or withdraw it altogether and Barclaycard shall make such updated Terms and conditions available at www.barclaycard.in. The Cardholder hereby undertakes that it shall keep him/her self updated about the then applicable Terms and conditions before every usage of the card. 43. Barclaycard gives no warranty (whether expressed or implied) whatsoever with respect to Rewards goods acquired under the BarclaycardPoints Program, either directly through the Barclaycard Rewards Program or through other partner loyalty programs. In particular, Barclaycard gives no warranty with respect to the quality of goods acquired or their suitability for any purpose. 44. All disputes, if any, arising out of or in connection with or as a result of this Barclaycard Rewards Program or otherwise relating hereto shall be subject to the exclusive jurisdiction of the courts/tribunals in Mumbai.