🚀 HUGE NEWS! Your Global Power-Up is Here: The DCB Secured Credit Card is Launching!

Announcements & Updates
, , ,
1

Hello everyone! We are here with a massive announcement!

Following our App Release on the 15th of October, we are thrilled to confirm the imminent launch of the all-new DCB Secured Credit Card (SCC)! This product is engineered to give our community the ultimate Zero-Forex power, and we need our community users to be the first to test it!

The Product Magic: Your “Two-Way Door” Credit Line :door:

The DCB Secured Credit Card is a Savings Account Lien-Backed Credit Card. This simply means:

  • The Collateral: Instead of locking funds in a fixed deposit (FD), a Lien (a freeze) is placed on a portion of your Savings Account balance.

  • The Limit: You instantly get a Credit Limit that is 90% of the Lien amount (e.g., Freeze ₹10,000 to get a ₹9,000 Credit Limit).

  • The Advantage: This is a TWO-WAY DOOR! Unlike an FD, placing or releasing this lien is quick and seamless, giving you easy In and Out accessibility to your savings funds while you enjoy the credit line!

Core Benefits: More Than Just Zero Markup!

The DCB SCC is the ultimate global companion with Zero Markup on international spends, plus 3X Rewards! Beyond that, here is why every traveller needs this card:

Key Advantage Traveler Benefit
0% TCS on International Transactions :globe_showing_europe_africa: Bypass the ₹10 Lakh Debit Card TCS Limit! This is a game-changer for high spenders and students, as Credit Cards (Secured or Unsecured) have NO TCS on foreign transactions.
Higher Acceptance Rates :white_check_mark: Credit Cards are often preferred for hotel and accommodation bookings globally, ensuring higher acceptance rates than debit cards.
Fraud Protection :shield: Your Savings Account money is protected! Irregular transactions only impact the credit limit, not your direct savings.
Credit Score Building:chart_increasing: Responsible usage (spending and clearing dues) on the card helps you build a healthy credit score for future financial goals.
Double Limits & Backup :handshake: Get two times the spending limit when travelling (Debit + Credit) and an additional card for family, all with one KYC process!

Get Access Instantly! Your Next Steps:

I’m attaching a Handbook (PDF) to guide you!

  • Existing DCB Niyo Holders: Your journey is incredibly easy! You are through in just 2 clicks inside the Niyo App.

  • Non-DCB Users: You will first need to complete the simple DCB Bank onboarding process to unlock access to the Secured Credit Card.

Ready to try the next level of Zero Forex travel? Jump into the new app release and share your first impressions of the DCB SCC features below! :backhand_index_pointing_down:

Pre-onboarding PDF.pdf (1.4 MB)

2 Likes