What is baggage cover?
A feature largely available on Gold cards and International Credit cards, the baggage cover provides the safety of insurance in the event of losing ones baggage while travelling. This feature is not standard on every credit card and frequent travellers may like to check out whether this feature is available before choosing their credit cards. • What does the purchase protection feature of credit cards mean? The purchase protection feature automatically insures all items bought on the credit card from damage or loss due to fire or theft up to a certain sum of money. • What is a credit shield? The credit shield is a feature allowed by credit card banks which provides a waiver of payments of outstandings on your card up to a certain limit (Rs 20,000 in the case of Hon Kong Bank) in the event of an accidental death. • What is a supplementary/add-on card? An add-on card is usually for your dependents – spouse, parents or children. Any additional cards under this head come at a fee, which va
