I want to use my ICICI Gold CC for a laptop purchase of Rs:55,000.What I believe is that I can make a purchase and then I shold call the CustCare to make use of the EMI option for 12 months.So that I can get it at a mere 1.5 %. Does it mean sound?Do i need to pay only 1.5 % of 50000 extra? Pls advice me on the Issue as the Seller offers 4.5% interrest rate loan.
RE:EMI Option on Credit Card
by prabhjot cfgtre on Mar 02, 2007 12:51 PM Permalink
dont ever use credit card for emi of credit card it is too costly ,kiran try better for a personal or consumer loan prabhjot indore
I lost my credit card almost 4.5 months back, I lost it on Sunday night and blocked it on Monday night through customer care, but before I could blocked somebody has stolen the card and swapped almost for 20 K shopping on Monday evening. But while blocking the customer care didn%u2019t tell me that you have outstanding of 20K, he just told me that the amount which transaction I did. But after 1 week I got bill of almost 20 K, then I asked to Customer care but they said the transaction has been done before you could block the card. So I raised the complaint to Police station and to bank. But Bank resulted the dispute in favor of Bank and send me the bill with interest. But I don%u2019t want to pay the bill; I have paid the transaction which I did. I tried telling them but Bank Officer are keep saying that you have to pay. Though card lost is my responsibility but If when I called to customer care if he had said me that your transaction is of 20k I could have block the payment of respective parties till to trace that person who has stolen. Who responsible for this? Does Bank will be doing any settlement? Now bill has gone almost 25K. What action bank will take? Please advise me.
RE:Credit Card bill
by prabhjot cfgtre on Mar 02, 2007 12:55 PM Permalink
neha dont pay a penny if u dont use it bank have there officer to inquire this if they they pressurised u go to consumer court and show ur payment record of past prabhjot indore
Settlement of my Crdit card payments
by on Jan 29, 2007 02:23 PM Permalink | Hide replies
I was using the ICICI Bank Credit Card from last 3-4 years,but now from last 1.5 years i have not make any transction from the card.When i talk for my settle of payments that time it was approx.Rs.8000.I have write 20-50 mails to customer care for the sttle in 1.5 year,but there was no response.Now they are charging me Rs.29,000 which i am not able to pay.
RE:Settlement of my Crdit card payments
by mohammed sikander sheikh on Jan 29, 2007 03:30 PM Permalink
You need not pay the amount which they ask for, instead write a formal complaint stating that you have not recieved any statement till date from the bank and the people from the bank used to threaten and torture you through some goondas asking you to pay Rs.29000/- against the loan of Rs.8000/-. This is against the law, the high court has recently came out with a law, warned the banks against send the goondas and also charging you with all these excess rates. With these things in the complaint you approach the bank manager and settle your debts. You may settle it for either 8,000 or at the max. 10000. All the best.
Settlement of my Crdit card payments
by on Jan 29, 2007 02:22 PM Permalink | Hide replies
I was using the ICICI Bank Credit Card from last 3-4 years,but now from last 1.5 years i have not make any transction from the card.When i talk for my settle of payments that time it was approx.Rs.8000.I have write 20-50 mails to customer care for the sttle in 1.5 year,but there was no response.Now they are charging me Rs.29,000 which i am not able to pay.
Settlement of my Crdit card payments
by on Jan 29, 2007 02:22 PM Permalink | Hide replies
I was using the ICICI Bank Credit Card from last 3-4 years,but now from last 1.5 years i have not make any transction from the card.When i talk for my settle of payments that time it was approx.Rs.8000.I have write 20-50 mails to customer care for the sttle in 1.5 year,but there was no response.Now they are charging me Rs.29,000 which i am not able to pay.
I am in debt of credit card payment.Is there any rule that any person not able to pay the amount .bank people are asking to sell tv,fridge for payment.
There are rempant malpractices by Banks in issuing credit cards and also in billing and collecting procedures. We should start a movement to blacklist such issuers of credit cards just like the Banks are informing CIBIL regarding the defaulters.
