Here is info about the LATEST FRAUD SCHEME OF ICICI BANK.
If you have points in ur ICICI credit card - they will transfer it to IMINT without your approval.. Imint happens to be a company with major investement from ICICI.
Now comes the second part - when you go to redeem, you have to pay a joining fee of Rs 199. Just think - paying to get your own points redeemed.
Next - look at the prices of IMINT products: -https://imintpoints.com/i-mint/dealToMint.do?categoryId=1 TSONIC 1 GB player - Rs 2500, MArket Price: Rs 1600-1700.
Any product is atleast 40% expensive than the current market price. Check more details at http://www.consumercomplaints.in/complaints/icici-credit-card-c37705.html
There is only 1 way - surrender your cards, maintain ZERO BALANCE ACCOUNTS if you have them and make them suffer.
Regards,
DJ
Effectually they are making money because you have no other option but to redeem points.
