Is the Taj Mahal a good investment for a business owner? Taj Mahal is no doubt a very famous and beautiful piece of property. It is one of the Seven Wonders of the World. For any businessman, it is a wise decision to get himself a credit card that has a low rate of interest attached to it.
Credit cards for business are very common and every business owner can get one. But there are some things that need to be considered before jumping into it. Each card has its own rules and regulations. And also each one has its own perks and privileges.
Credit cards for businesses allow the businessman to make purchases anywhere he wants. He does not have to go to the local store. He does not have to limit himself to purchasing items from the store that his card is linked to. There is a limit on the purchases but it is very low and the charges are very low as well.
In order to apply for a card, you will need to be a resident of the Taj Mahal. You should also have a valid bank account. This proves that you have a stable source of income. The company issuing the card will review your credit history. This process takes about 7 days.
Before the Taj Mahal company issues the credit card to the business owner, he will first need to fill out an application form. The application form should contain all the necessary information required by the Taj Mahal Company. It should also state whether the card is intended for business or personal use. In case it is a business card, the applicant should show his business license or business registration number. The business name should also be mentioned along with the nature of the business. A copy of the business contract should also be given along with all the contact details.
It is a practice in India that the Taj Mahal Company issues a specific card to each of its business customers. It is a part of etiquette that the card should be gifted personally by the person who has been granted the card. Hence, this is another reason why you won't find many business cards at the gift shop. Instead, the staff at the gift shop will take care of this aspect.
In order to obtain a Taj Mahal credit card, the applicant must first present his original income proof, permanent residence proof and annual returns from the payroll of the company. Once these documents are received by the Taj Mahal Company, it takes about 7 days to receive the card. If the applicant wants an immediate card, he can make a call to the Taj Mahal Company and apply directly. However, due to the overwhelming demand for these cards, the Taj Mahal Company provides online option. Now, anyone can apply for a Taj through the internet.
These cards have some advantages and disadvantages like other cards. One of these is the fact that they are issued at much lower rates than the normal rate for normal cards. Also, business cards with additional benefits such as online account maintenance, visa exemption, discounts at different shops, etc are issued by different credit card issuers. The issuer may even issue one card to a person in return for him starting up an account with the Taj Mahal Company.
A person who wants to use this card must be aware of his obligations towards the company. According to the terms and conditions of the credit card issuer, a person is obliged to pay a monthly fee of the same amount that he . . . . . . receives from the business. Also, a business owner is obliged to start up a specified account within a stipulated time. Apart from the monthly payment that a person has to make, the card holder is liable for an annual service charge that varies from one issuer to another. In case of nonpayment, the company may cancel his card.
Some business owners find it convenient to get multiple cards from different issuers. A Taj Mahal Company cannot issue more than one card to a person. This is because the card issuer may not consider another business card to be valid if it has been used already by a person in the past. Also, the card issuer may refuse to issue a new card to a person if his previous card has been lost or stolen.
However, there are cases where an individual fails to keep his promise and uses a card that he did not earn. In such a scenario, the issuer may consider the Taj Mahal Company's permission or agreement to be validated. The card holder is then allowed to resume using the card that was defrauded. However, in such cases, the business owner needs to make good on the contract that he signed with the Taj Mahal Company and also ensure that he does not use a card that belongs to someone else in the future. In such cases, the business owner may be charged for fraud prevention.