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Can credit card companies debit card account to help collect dues from defaulters of other service providers like telecom etc...
Suppose i owe a telecom company Rs 500/- as my mobile bills. And now i am a defaulter and this telecom company knows my payment pattern. Ie sure that i will not make the payment. Telecom company knows my credit card no and name of banker, this amount would be charged to my credit card bill. That is in effect bills paid by card company and the money would be charged to my Card account.Great way to reccover debts. Is this true?...
Thank you very much for your reply. Hopefully, I`ll get one if I apply for the same.
Regards
Tshering Dukpa...
Dear Tshering Dukppa, the reason u have not heard for any complaint regarding Axis bank Credit card is - Axis bank started their Cr. Card only around 2006-2007 & after the last year`s down turn & financial crisis, not only Axis in fact all banks r now going slow to distribute new Cr. Card.
Regarding for ur own application for Axis bank Cr. Card, as u r an old customer of Axis bank & there is track record of ur relationship with the bank, it`s advisable to go for a Cr. card from Axis bank.
Thanks
Ashal ...
Axis Bank (Formerly known as UTI Bank) was the first private Bank to open a new Branch in Gangtok in 2002. Until then we, perhaps me in particular along with many others, did not have any idea about the concept of Debit/ATM Card. I still remember when I got a Debit cum ATM Card, for the first time in my life, from Axis Bank, I was highly elated. When I entered into the ATM Room to withdraw a sum of Rs. 2000/-, I was quite nervous and did not know what I should have done to withdraw the money. One of the security Guards came into the room and helped me as what I should do to withdraw the money .
Yet another nostalgic moment I spent was at Hotel Tashi Delek (A three Star Hotel) in Gangtok. The purpose of my going there, along with the members my family, was to activate the Debit Card by paying for the lunch we had there and when the Bill came it was not less than what I had anticipated. At that time we were told to activate the Debit Card by doing one or two transaction(s) to be eligible for an insurance cover of upto Rupees two lac against the Card. But now, I don`t know whether I am still eligible for the insurance or not. Please do let me know if any friend(s) registred at MC knows(s) about it.
Since then many other Private Banks started operating from Gangtok and now I have learnt many things about their products including their advantages and disadvantages.
Every evening, after my office, I tune in to Zee Business` Money Guru Show where most of the complaints that I have heard from the customers are related to Credit Cards of many other Banks but I have not heard any complaint so far against Axis Bank`s Credit Cards. Does that mean Axis Bank is not issuing any Credit Cards to its Customers or the service provided by Axis Bank is so good that not a single Customer is unhappy with its service?
Friends, please suggest me whether I should own an Axis Bank Credit Card or not, provided that any of my friend(s) at MC is (are) having good idea about it and how can I get the same if the Bank is issuing Credit Cards to its customers.
Tshering Dukppa
Gangtok-737101
Sikkim
...
How do you get a settlement for credit card as I am out of job? can I settle it for a 50% of the amount due...
use your card whenever you are needed to use, not when you want.
clearly understand the difference between "what you need" and "what you want" .
also , make sure you pay your bills at time, banks make most of the credit card income through the various mistakes of customer, instead of interest.
make most of the interest free period of your card, if you are using it at end of your billing cycle, you will have less interest free period, the opposite is also true and a better way....
no, you are doing nothing wrong on your part,
booking tickes for your friends can be seen as loan given to your freind through one channel(credit card in your case), taking the money back through account payee cheque in your name is taking back the loan from another channel...
my e-passporte card expires end of august. e-passporte told me that only on the first week on august they will send me a new card and it will take 6 weeks until i get it! so i will be 2 weeks without creditcard.
Has anyone here experience with epassporte? is this really true what they told me on the phone?...
oh my god dear main kabhi cigarett nahi pita par itne saste dam main mil jaye to na nahi kahunga
hahahahahahahahaa...
kamai se bhi hazar guna zyada...
BAZEEGAR-I too heard on CNN today about buying a pack of cigarettes or eating out at a restaurant and being charged $23,148,855,308,184,500 i.e. $23 quadrillion for it on the credit card.
...
Thankfully they accepted the error. I was thinking that the credit card company would show the 23 quadrillion as receivable on their balance sheet.
ROFL
It would only cost Zimbabwe dollar 2,70,000.00 27,00,000 for a carton to buy a pack of ciggy in that country assuming the price is same as in New York city.
That amount u mentioned is more than the GDP of all nations combined for several years. LOL...
Saari kamai CIGARATE main lutaadi....
ab iske saath peedi karza phedenge...LOL...
