ya. i m aware of the fact. but i remember to have read an article in the newspaper that the merchants should not charge any transaction fee made to the customer. i have made couple of transactions in the last 4 months but i have never been asked or have been charged any transaction anywhere.
I was charged transaction fee on one of the purchases from a textile shop. I asked the dealer whether he has a service tax registration and this particular head if he charges is taxable as per the service tax rules in India. He simply refunded the amount back to me without any objections. The users are being cheated by the banks as well as the dealers.
I am always careful when using my Credit card. I first ask the merchant if he charges any transaction fees. I have even negotiated with the merchant for the waiver of such charges. There'll be always a transaction fee or service charge, when you use the credit card to buy Jewellery and in petrol pumps aswell.
the mnc cash & carry wholesaler 'Metro" recognises only citibank credit cards and cooly charges its cutomers the transaction fees. I wonder whether they do this in the country of their origin or for that matter any other countries.
HDFC persuaded me through its campaign to use credit card for petrol at BPCL outlet with a promise to wave surcharge. Despite having cash with me, I used my credit card to buy petrol. Invaribly I paid Rs.12 more for a purchase of Rs 500. Further, in order to locate a BPCL outlet, I burnt my petrol.
RE:RE:Credit Card
by Biju Paul on Nov 23, 2007 07:52 AM Permalink
u r misguiding others. I am using credit card since last 3 years and used to make payment on time. I never had a problem with card. First of all you should remember one thing that whenever u use the credit card you have to pay the money to the card providing company on time. U r using card and not making the pmt then they will charge late fee, interest etc. but u r the one giving a chance to them to do so.
RE:We lose a lot of money
by TA Rao on Nov 22, 2007 11:22 PM Permalink
All of you say ... Credit cards ... am talking about a DEBIT / ATM card. Can they charge me extra ? please reply.
RE:We lose a lot of money
by Jignesh Gunvantrai Gandhi on Nov 23, 2007 10:56 AM Permalink
Ask your bank for it or go through your debit/ATM card documentation
RE:We lose a lot of money
by pawan anand on Nov 22, 2007 09:53 PM Permalink
Though i've never used debit card for petrol, but i'm not surcharged for my petrol when i use my Deutsche Bank credit card. I was once charged for surcharge by icici, but was refunded in the next statement.
RE:We lose a lot of money
by aravind reddy on Nov 22, 2007 09:43 PM Permalink
most of the merchants charge this fee and the same is not refunded and the same does not reflect in the monthly statements sent by the credit card companies. This is nothing but cheating. Government has to comeout with clear policy on this and the RBI should issue strict guidelines to them. I think we can even approach consumer courts on this issue.
RE:We lose a lot of money
by Vasantha on Nov 23, 2007 07:55 AM Permalink
I always use my Bank of India debit card on Petrol Pumps and there is no charge levied by them. Vasantha Mumbai
RE:We lose a lot of money
by Vasantha on Nov 23, 2007 07:57 AM Permalink
I always pay my petrol bills with Bank of India debit card and there is no fee charged by them. Vasantha Mumbai
RE:We lose a lot of money
by dhamodharan on Nov 22, 2007 09:52 PM Permalink
Use Standard Chartered Titanium Card, you will get waiver for transaction fee & get cash back of 2.5%
