Mobikwik is one of the key player in mobile digital wallet for making mobile recharge and bill payments and so on. Recently Mobikwik had launched a virtual PREPAID card in partnership with American Express to use the wallet balance online through American Express Blue card. The main objective of this move is to use the wallet balance in online using the AMEX network accepting merchants.
There is no Physical Card available as of now and there is no interest from Mobikwik side to provide physical card to encourage online usage.
Things to Know :
About Mobikwik AMEX Blue Card:
- Most important thing to know about AMEX Blue card is that, this is a PREPAID card and not a CREDIT card. One can load the Mobikwik wallet using any of the transfer options available to use this AMEX Blue card.
- Users will get 1% Supercash of card purchase. Apart from that, there are other offers available for user while using AMEX Blue card through online.
Fee Details:
- Since it is a PREPAID card, there is no JOINING FEE or ANNUAL FEE for this card. Once activated, it will be available for free upto the validity.
Charges & Limits:
- Since it is a Prepaid Card, there is no charges for any transaction through online except financial services like Wallet load, Payments bank and money transfers which will be charged 5% + GST for payments.
Validity:
- Validity of this card is 5 years from the date of issuance as of now and it may get extended after the 5 years of validity.
Transaction Limit:
- As per Mobikwik, transaction limit is same as that of the limit approved for your Mobikwik wallet after the KYC verified.
Final verdit is that, those who wants to get into the AMEX network for the first time to experience the service without spending any charges for transaction can get this card for their online transactions. Since it is a prepaid card, one can easily get the rewards for their online transactions without getting into the credit card world.
0 Comments
"Your Comments are always welcome"