#920 Author:  K MOHAN Member Level: Gold Member Rank: 5 Date: 17/Dec/2010 Rating:  Points: 2 |
All credit cards have hidden conditions which is got exposed when it comes at the time of payment. Allways note that credit cards are not free and every thing comes with a price tag. Be ready to shell out the service charges which may be higher than expected.
K Mohan
Lets unitedly work for the progress of this site...
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#921 Author:  Srinivas Member Level: Gold Member Rank: 11 Date: 18/Dec/2010 Rating: Points: 6 |
I Can not give perfect answer for this question but, I can share my experience of using Credit Cards.
Similar to many things Credit Cards also have Advantages and Disadvantages. I we make a good use of credit card then we can enjoy its advantages if not used properly, we have to go through troubles.
Credit Cards comes are two types one is
- A Life time free card
- Anually charged card.
for lifetime free card there won't be any charges but you need to use for a given number of times else maintenance charges would be levied.
For anually charged card there would fixed amount of charges for maintenance which you need to pay anually.
One must ensure about this before applying for the card. The Executive will give all information about the card.
I am using HDFC Credit Card and ICICI credit card since two years. I have not faced any problem with any of these cards. And sometimes, i was not charged for the payment done a day after the due date. and if one time i was waived off from the late payment charges when i talked to the customer car executive and informed that this is the first time I missed the date and you can check the payment history.
Usually Credit Card issuing branches gets favoured by Defaulters. a heavy penalty is laid for defaulters.
One can use credit card without any doubt but all you need to take care is prompt payment and monitoring the bills and go back to customer care for any issues.
This is my personal experience...
Can not guarantee that all the card holders have same experience.
Thanks,
SS
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