though I own Credit Card,It is very useful 4 online bookings,but really tempt you to go 4 things u don't deserve 2 have.A double edged sword.b4 realising u end up some where.
my citi indian oil credit car is cancelled after i duly paid the whole amt before due date for an year.saying I 'don't meet the criteria' to have credit card :).Its true
Re: Other mistakes
by Ramachandra AN on Apr 17, 2014 12:31 PM
If a minimum payment is made, the interest is calculated for complete amount till payment date. Next month, for purchases interest would start, there would be no interest free days.
Credit Cards are opium for underemployed Indians. There are no free lunches. Better avoid them. And try to live within your means and save from your actual earnings , if possible.
Re: Credit Cards
by sukhmeet singh on Apr 17, 2014 08:11 PM
yes companies like citi, stanchart, hsbc trap innocent youth with their good for nothing high premium cards and rob them !
Re: Credit Cards
by Rangan Majumdar on Apr 22, 2014 02:37 AM
Why only Indians? Americans are most affected by credit card debts and we Indians merely copy them.
