I Use HDFC credit card for the past 1 year and still using it.every month 2nd they send the statement correctly,i dont have nay issues with them,and yea i make payments first week itself.use credit card wisely do the payment correctly
These credit card payments need to be effected within the 'payment date' mentioned in the statement. If done so, it is profitable, else it will land into dangerous problems. Also, see to that we apply for credit cards only from AUTHRORISED BANK BRANCHES and not thro' telephone calls. Have only 2 credit cards maximum, that will help you. I have seen people with too many credit cards as if they are playing some card game. Too many cards are very dangerous.
World has changed a lot but few principles are like old era only. in credit card period we have Banks acting like sahukar of Munshi Premchand's novels.
my pune friend closed down his stan chart credit card 10 years back,but recently he found stanchart registered his name to CIBIL for multiple credit cards and loan of rs. 3 lakhs on his name unpaid,now the friend fought legally wasted time and money for defamation and compensation claim ,he won rs. 3 lahs and written apolgy from stan chasrt credit bank,pune,with written apology,so unite credit card holders aginst illegal activities of these banks,show them place,center govt without bowing down ban such banks creating forged documents with forged signs of its customers and without sending copy to cutomers ,banks delibrately sending forged documents to CIBIL.
Re: stan chart,the great cheater?
by Ganesh rao on Sep 09, 2012 08:53 PM
same thing has happened to me. i have not received any notice only when applied for loan they said i had 40,000cibil report.guide how to proceed
If you use the credit card properly it will help you lot. One main thing in the credit card is PAY THE BILLS ON TIME. You will not get any problems if do this....
In the month of May 2012 I bought car from Spectra Motors Ltd., Ghatkopar Branch, Mumbai. They promised and gave me SBI card as totally free card if we purchase Rs. 2000/- within the first two months. I used the same for around Rs. 10000/- within the fisr two months only. To my surprised the SBI charged me Rs. 500/- plus service tax in the first month. i did not paid the said sum as I had already used it as per the limits. The bank then reversed the charges only for Rs. 300/-. On my short fall they levied Rs. 350/- plus service tax and also finance charges. Realising this facts I wrote letter to Spectra Motors. They told me that they never told that the card is free. This is the way they cheat us. This way we loss our valuable time.
I had Standard chartered & SBI card. Both this company never sends timely statement and charge Rs. 350/- plus service tax @ 12.36% if we do not pay then they report it to CIBIL. After using credit card we become slaves of this credit card company. I used SCB card for Rs. 2000 and I paid in time they raises some Rs. 100/- extra charges as they were not getting commission from the seller. I did not paid. Then the SCB without sending o/s statement arrived this figure at Rs. 3500/-. This is the way they cheat us. They also cheat us by not sending timely e statements even though we are registered for the same.
standard Charted is very bad...U are not getting cash back or POINTS unless ur transaction is less than Rs 1000 in super market or Dept. store. Avoid Standard Charted card for less than Rs 1000 transactions...It is difficult to redeem points there...Avoid it
Banks basic job is to sell money (purchase rate from public or deposit rate 6% but loan rate or selling rate is 12%).In credit card selling rate is 40%, meaning in 2.5 yrs bank doubles its principal amount.Rs 100/- sold on day one becomes Rs 200/- for bank in 2.5 yrs. due to this share value of that bank is increased.After all where in any financial business money becomes double in 2.5 yrs. LIC is now promising to double your money in 10 yrs by buying single premium policy. Is this not a contrast situation for us in money matters. So,it is costly luxury to use credit card.
bipin my brother in usa purchased 2 cars 1 bangalow word 2 lakhs dollars using credit card landed in problem so avoid credit card if you want to leave peaceful life with dignity!
Re: credit cards rackets are increasing day by day be aware
by Muthu Karuppan on Sep 06, 2012 11:02 AM
Purchased a banglow using credit card??? This is too much yaar.
