There is so much written in fine print on each document that it becomes difficult even for people who are used to deciphering meaning of such terms.
So many terms are used which are not in common use and there are so many variations. Obviously, the purpose is to create as much confusion and fatigue for the reader as possible.
For example, open any page giving features of credit cards. There is a large variety of rates and trying to find the exact meaning may leave you exasperated.
The result is either you give up applying altogether or just apply and face the consequences.
But, sometimes a credit card is required for making payment over internet when a debit card is not acceptable.
Can someone clarity why a pin cannot be used for credit like in debit cards ? Is there any technical trouble ?
RE:Hidden costs
by Anandanath Banerji on Aug 11, 2007 02:06 PM Permalink
Credit cards have a CVV on the reverse, and secured transactions on the net require one to key in the CVV ... that's like "pin".
HDFC has a product called netsafe (http://www.hdfcbank.com/personal/payments/netsafe.htm), which is a virtual card created on the fly and used for internet purchases.
RE:Hidden costs
by Jojo on Aug 11, 2007 02:28 PM Permalink
dear anil - there is always a loop hole so that they can trap you any time and that you will have no way out. try reading clauses of an insurance policy - there is no way you can take them to task.... the government has permitted such things to happen and carry on... be cautious - that is all that can be advised.
