Though majority of people had bitter experience with credit cards,it is most unsuitable for our life style.they never reveal hidden charges,receiving the statement after due date etc.
Having worked for long in Credit Card companies in India and abroad I can give you some quick tips and advice which can reduce the chances of fraud transactions on your card(I can't obviously say these are golden rules and will prevent you from fraud but these can definitely make you less susceptible to fraud):
1. Be careful while using your card online. As far as possible avoid public computers while making online transactions. Try using secured network or your home computer. Please keep powerful anti-viruses in your home computers(keep an eye especially for malicious "Trojan warhorse" spywares these can pass on your information to third parties)
2. There is always an amount of risk in using credit cards at petrol pumps as they can easily invert your card and note down your CVV number. These people anyway have your credit card number and expiry date on the chargeslip. Most of the petrol pumps have ATM machines anyway. So its safe to withdraw cash and make payments.
3.Keep your pins only to yourself. Don't store it on your mobiles or write it down somewhere.
4. As far as possible try using credit cards in places where they swipe it in front of your eyes like stores and shops.
5.Keep your credit cards safe and always with yourself.
Its not easy to follow these steps always. But the more you do them the lesser are chances of any fraudulent activities on your card.A plastic is an extremely useful tool but can cause a lot of trouble without safegaurds.
i have been using the sbi credit card . i have not faced any problem with it ever and the billing is accurate and good DR ARPAN GANDHI arpangandhi@gmail.com
I have different story to share. Though it started in bad shape but ended beautifully. I started getting a credit card statement apx 1.5 years bacl and it showed a credit amount of Rs 400 plus. Since I have not applied for a card nor received one, I intimated the same telephonically to customer care of HSBC.
Now yeaterday after more than a year is passed, I received another statement with a debit of Rs 3500 pls in my name. I emailed to customer service explaining the whole issue. Within 30 hours I got a response from HSBC that they are zeroing on the statement and apologised for the inconvinience.
What a promt action and good behavious.
Actually I owe a Gold card from ICICI and touch wood, did not face a single problem as of today.
So not a bad tale to share, hope that it must have come as a breather in so many woes filled mails and experiences.
