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Credit Cards Misuse Interest rates etc.
by Mahesh Nayathil on Jan 31, 2007 03:13 PM

Sub: Credit Cards Agreement..

I have got a ICICI Bank Credit Card..

I withdrew Rs.5000/- and Rs.400/- and Rs.1000/- and Rs.500/- two times in one month because I did not receive my HDFC debit card which was hotlisted..

So total transaction fee is Rs.1500/-

Beware if you withdraw Rs.100/- You will be charged approx. Rs.330/- and then there is late fee 30% of minimum amount outstanding and it will accumulate..to around 2000/-

So don%u2019t take the hedache of Credit Cards

If you want to withdra Csh advance withdrw Rs.6000/- then it will be charged the same amount..
Cut copy paste these links or checkout home bank site or have a search in the net

http://www.abnamroindia.com/creditcard/CardmemberAgreement.html

Will the ICICI Bank please display their Card Agreement details like the ABN AmRO Bank did

It si already there

http://www.icicibank.com/pfsuser/cards/creditcard/cc_eligibility_fees.htm

I have been Chraged Rs.300/- or 2.5% whichever is maximum plus service tax as transaction charges for cash withdrawal from ATM that is cash advance

The finance charges are 2.95% monthly that is 41.95% annually on extended credit..

That is kolla palisha or like a blade company..

http://www.rbi.org.in/scripts/Cn_SavingsBond.aspx?Id=2627&Mode=0

The credit card guidelines have to be revised..

The credit cards are safe in the net I suppose but can be very easily misused..

The solution is to have interbank autodebit and also reduce interest rates..

Also use debit cards for purchase in the internet..

What do you say RBI Governor and President of India..

Mkae your payments quickly taht is credit then why do you call it credit waht is advantage of credit??

Can the ICICI and other credit caRD PEOPLE UPLOAD ADVANTAGES OF CREDIT CARD ON THE SITE
You should have a mobile if you have credit card..Also if it si swiped you have to sigh the acknowlwedgement..
The solutions are reading fingerprint of the holder and interface it on the magnetic tape and advanced version is to pick up human signals from the body to identify the person.. Just update your contact and mobile no.s and be acreful with your ATM.. The PIN no. should not be disclosed to anybody..
Regards

Mahesh Nayathil

http://www.maheshnbiomedical.com

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