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Personal Finance

Debit-cum-credit card: Should you opt for this combo card?

Updated : April 25, 2019 07:22 AM IST

Banks such as IndusInd Bank and Union Bank of India have now come out with innovated plastic cards that combine the two cards into one. In October 2018, IndusInd Bank launched its card called ‘Duo’ and in November 2018, Union Bank of India launched its card called ‘Combo’.
Visa has collaborated with IndusInd bank to launch Duo card and Rupay has collaborated with Union Bank of India to launch Combo card. According to Visa and Rupay, other banks are not looking forward to launch such cards.
These dual cards generate a single account statement at the end of the month. So, it helps customers to keep the track of expenses on credit and debit accounts using a single statement.
Debit-cum-credit card: Should you opt for this combo card?
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