SBI Cards & Payment Services Executive Relationship Officer Interview Questions and Answers

A credit card is a payment card issued by a financial institution that allows the cardholder to borrow funds to make purchases.

• Credit cards are widely used for making purchases and payments.

• They provide a convenient and secure way to pay for goods and services.

• Cardholders can borrow money up to a certain credit limit and repay it later.

• Interest is charged on the outstanding balance if not paid in full by the due date.

• C...read more

Credit cards allow users to borrow money up to a certain limit, while debit cards allow users to spend money directly from their bank account.

• Credit cards provide a line of credit that allows users to make purchases and pay them off later.

• Debit cards deduct funds directly from the user's bank account when making a purchase.

• Credit cards often come with rewards programs and offer additional benefits like travel insurance...read more

To convince customers for a credit card, highlight the benefits, offer incentives, address concerns, and provide personalized recommendations.

• Emphasize the benefits of having a credit card such as convenience, rewards, and building credit history.

• Offer incentives like sign-up bonuses, cashback rewards, or exclusive discounts.

• Address customer concerns by explaining the security measures in place, fraud protection, and f...read more