Georgetown: In celebrating their 20th anniversary Demerara Bank Limited (DBL) has partnered with VISA Inc to launch their Visa Classic Card. It provides coverage for Visa travel, accident insurance and travel assistance whenever the cards are used abroad, while the Visa Signature Card provides higher protection. It gives added protection whenever purchases are made.
Carry cash around when travelling can be a tedious as well as dangerous task but that can be changed with the VISA card.
According to DBL’s representative of the VISA programme, Jerret Morgan, the bank wanted to offer services that are not available in Guyana and the Visa Signature Card does that. He noted that VISA cards can be used at millions of merchants worldwide and at some 1.8 million ATM locations globally.
Morgan pointed out that that the Cards offer credit from as low as $2 million. The cards can be used at stores, supermarkets, restaurants, hotels, online sites and many other merchants across the world. He explained that there are no costs attached when purchases are made however withdrawals and other bank transactions carry a cost. He went on to highlight the many benefits the VISA Cards carry such as 24-hour customer service especially for those who are traveling. Morgan mentioned that there are excellent replacement services in place if a card holder looses their card while traveling as well as emergency medical assistance.
Additionally, he explained that VISA Signature card holders are afforded the highest level of service when traveling such luggage insurance of US$500 for items that lost and US$1000 for the theft. There is also purchase insurance of up to 45 years with repair allowances of US$5000 per year.
Morgan further stated that DBL VISA Card holders will have pay 5 per cent of the balance monthly or more if they wish to do so. He stressed that there are security arrangements in place to protect card holders. The technology system that is being used to operate the VISA programme was adopted from fellow Caribbean country, Antigua he stated. Persons interested in obtaining a DBL VISA Card, can do so by filling out an application form available at the bank’s website or at any branches and drop it off at the latter. Qualified persons will need a good credit history and offer a stipulated amount of cash as insurance. The VISA Credit Card account will be separate from any other accounts with the bank.
Meanwhile, Chairman of the Bank, Yesu Persaud expressed his delight at the success the bank has had since its establishment 20 years ago. He assured that with new and innovated services such as the VISA Card programme and with the continued support of stakeholders, the bank will be around for a very long time to serve the Guyanese people. Meanwhile President Donald Ramotar and Finance Minister Dr Ashni Singh were both at the launching as applauded the bank for its consistent growth over the years. The bank handed out its first set of VISA cards to pre-qualified applicants, which included Minister Singh, Chief Executive Officer of GT&T RK Sharma, businessman Harry Mattai, among others.
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