Comments on: Sir your credit card has been refused…

By: Jai Ho

Jai Ho — Sun, 19 Aug 2012 10:30:18 +0000

:) My dear friends would u believe it.

This is exactly what my young subordinate who had joined his first job did last year. :) He blew up all the money on the stockmarket. Poor thing. Inspite of my advising him not to gamble in the markets with leveraged money.

He is still in touch with me and I have taken him under my care. What to do. Am guiding him and nurturing him back to civilization and he has promised to live a life of goodness.

Anyways thats how life is. Get ready for the next crisis in India and it is going to be the Credit Card crisis.

By: PrAvEeN

PrAvEeN — Fri, 17 Aug 2012 18:44:13 +0000

Jai Ho,

That’s why they made PAN mandatory for all these things., they don’t need anything., just they update their CIBIL report and you don’t get any loan/CC. Saw some people who went back and paid three years old CC bill with intrest to clear their track record with CIBIL

By: Dr M Chandrashekhar

Dr M Chandrashekhar — Fri, 17 Aug 2012 12:40:25 +0000

Great advice, Jai Ho — No Thanks –I would rather be clean.

Reminds me of some Indians in US, blowing up the credit cards to the limit,getting into massive debts,cleaning up the mortgaged house, parking the car ( mortgaged car)in the airport & fleeing off to India & disappearing.

By: Jai Ho

Jai Ho — Fri, 17 Aug 2012 11:31:53 +0000

Just take the cards use up the credit limit including cash limit (there are many operators swiping ur card and returning u the swiped amount in cash for a small fee) and then just default on them.

Of course u need to be staying in a rental premises so that u can change ur residence. Also u need to switch jobs and the guys in the earlier job should not know where u have joined afresh.

Simple.

U can do the same thing with ur personal loans.

By: LuckyOye

LuckyOye — Wed, 15 Aug 2012 19:40:36 +0000

@rohit…LOL…that’s herd mentality for you! One guy starts it and all of us keep doing it, including me…but once you’ve used that word…rest assured, this page will be searched and indexed by Google…and some ppl who didn’t want that will be disappointed. Only grace would be its mentioned just once on the page, so it may not count for much.

That’s the power of the internet. Be aware of what you are playing with.

By: rohit s

rohit s — Wed, 15 Aug 2012 09:30:50 +0000

I wonder why ppl r writing banks names like Yes-Bee-Eye… someone writes Ai-See-Ai-See-Ai… and some other guy writes Eye-See-Eye-See-Eye….. are they practicing typing here or wasting there time….what a joke… they might hav written SBI OR ICICI… what’s problem in this???????

By: Suresh

Suresh — Tue, 14 Aug 2012 21:26:21 +0000

Ha you touched a raw nerve; am sure practically EVERY one of us had an ugly encounter with a declined card which we did not ask for in the first place.
Sadly ALL service providers dont. They pretend to serve in order to rake in their commission/fees whatever.

By: Ajay

Ajay — Tue, 14 Aug 2012 15:44:05 +0000

That was indeed amusing at the same time shameless for the bank staff to behave this way.

Recently I applied for a credit card from HDFC bank whom with I have a salary account too.
They did not even ask me for any proof since they already had all relevant data.
Only a single application form was signed and received card in 10 days flats. I also got the waiver on annual renewal fees.

Now that’s some mind blowing service.

By: Dr M Chandrashekhar

Dr M Chandrashekhar — Tue, 14 Aug 2012 09:10:22 +0000

Most of us have gone thru similar experiences. Iam using only one credit card since the last 20 years & make it a habit to make noise periodically about their customer service etc. They are behaving well now.

Mostly the Credit Card Sales guys are outsourced guys who have stiff targets.They cannot even fill up an application form— without making gross mistakes.

By: LuckyOye

LuckyOye — Tue, 14 Aug 2012 08:06:23 +0000

Separation of banking (deposits/loans/Letters of Credit/) from Payment clearance is the absolute need of the hour. RBI better wake up and put up regulations for payment gateways at the earliest. Also needed is the separation of customer funds from customer deposits [whether demand deposits (savings a/c) or term deposits (FD a/c)]. I really don’t understand why my money goes into the balance sheet of any bank if I don’t want it to. I want to keep my money in white but not on the balance sheet of any damn bank…WHY the f*** can’t I do that?
See the happenings in the US…CUSTOMER SEGREGATED FUNDS are getting lost (MFGlobal, PNSN) and there is not even a single person arrested for it! I shudder to imagine where my money which eye-see-eye-see-eye or a-axe-ee-ss shows in my savings a/c really is.