RE:Simple Solution
by Naderla Dayakar on Jul 17, 2007 05:08 PM Permalink
What Ramakrishna told is correct and proved successful, as i am practicing the same for the last 1 year
I also facing the problem. SBI credit card (SBI super suraksha insurance policy)called me on phone regarding above mention policy, i am interested and aggred for the policy to pay it in 12 EMI, and on phone they also verified and confirmed. In the monthly statement it appeared that, i have to pay insurance premium in a single payment (not 12 EMI). I contacted the phone numbers of contacted persons, but no use of. Due to this i have to pay interest for the premium amount not paying it. THIS IS THE ONE TYPE OF CHEATING THE PUBLIC.
For all credit card users...need to keep all the invoices of transactions to figure out the lapse (if any)in the bill statement and kick their asses if found something fishy!
RE:For all creditcard users!
by shashi kataria on Jul 17, 2007 05:04 PM Permalink
I think , credit card users should be little alert. If she would have contacted Customer care and certainly , they would have waived off this interest amount as I did the same when I was charged interest on partly payment by 49 paisa.
The agents who market these cards doesnt explain all these things while marketing, wooing the customer to take the card. They simply say life time card, Interest from the due date over, Interest Free period for 45 days ( depends on the bank). The customer is not given time to read all the points in agreement while signing the papers(except for a few). They simply say Ineed ID adress proof, photo and few signatures. the customer will comply as if he doesnt want loose the opportunity be a card holder. The problem starts when we receive the bills.
One should use credit card very carefully and better to use as plastic money buy something which you can pay 100% in next statement otherwise you will be trapped
RE:Use as a plastic money
by Shilu Pahi on Jul 17, 2007 04:34 PM Permalink
Yes we should pay 100% or 105% or more in next statement otherwise we will be charged for a very high amount. Sorry for her due to her innocent mistake for Rs 1 shortage.
RE:Credit card is a big problem
by nitin khanna on Jul 17, 2007 04:38 PM Permalink
banks do take into consideration such matters as the intentions of the customer is quiet clear,hensce you should make a request to the concerned bank as they also need customer & business.they(specially the staff themselves) take advantage & don't tell you about the same.
Always make the payments in full figures and a little more payment is no harm rather than land up paying interest. If the payment to be made was Rs. 30,008, then the payment should have been done for Rs. 30,010. So carefully make the payments and make always a rupee or even 10 ruppes more to make the payment in round off figures.
RE:Always make a habit to pay in round off figures
by george yacobu on Jul 17, 2007 04:44 PM Permalink
can you tell how much interest the bank is going to pay if i make little morepayment. can they pay 2% per month which is 24% per annum. this is a cheating business. dont go for card if you can plan your purchase plan and buy items. if you cannot plan dont cry.
