Well i m planing to purchase one credit card
just lemme know the details of it
how much generaly a company charges on it if used ?
& if not used ?
kindly give valuable ur feed backs
thanks
2007-02-12 00:10:46 · 7 answers · asked by funloving 1 in Business & Finance ➔ Credit
SBI AND ICICI AND HDFC
2007-02-12 00:18:09 · answer #1 · answered by nageswara rao m 1 · 0⤊ 0⤋
credit card is like a knife with which an apple can chopped in to pieces so as to eat conveniently or can also chop a chicken in to pieces and kill it, so be careful and be planned when you are using a credit card. to start with best way to deal with a credit card is buy groceries and general items you need for a month and pay-off the next month you will not have to pay any interest because credit card comes with an interest free period from 50-60 days,you might be charged with an annual fee from RS.250-RS.500,WHETHER USED OR NOT.
2007-02-12 23:14:43 · answer #2 · answered by akumarb 2 · 0⤊ 0⤋
Majority of banks have tied up with VISA,some with MASTERCARD and some banks have ties with both of them.What differentiates one from another is more important.Points to be looked for are:
Admission fee or joining fee (One time expense), some issuers are not charging this nowadays.
Annual Fee or membership fee: Look out for any offers on it's exemption.
Interest charged: This is the most important thing to be considered, varies in a wide range between 12% to 40% from issuer to issuer.
PSU banks usually charge less, but you will not get any rewards or points for card usage which you can later redeem.Their points may be useful only for reduction of membership fees.
Private and Foreign banks offer cash back and rewards program on card usage which will be useful for frequent users of card.
Another point you have to note is there is no selling of credit cards.They are only offered on application, and the cards are the property of the issuer only.You will only be a subscriber.
Some banks are giving creditcards with deposits in their bank as lien or security which will come with a lower interest rate as your deposit is lying with them and there is no risk of credit card dues getting defaulted.
You generally get a credit period of 50 days depending on your purchase date and their billing cycle. For an issuer with billing date of 10th of every month, purchases made between 10th of the previous month and 9th of the current month will be billed and the due date would be around 30th of the current month.So on a purchase made on the 10th of the previous month, you will be getting a credit period of 50days and so on.
As fas as I know , there are no charges for not using the card.
2007-02-12 09:39:23 · answer #3 · answered by sudheer 2 · 0⤊ 0⤋
SBI
Gather the information about the interest rates, Transaction Fee and Overlimit Fee, then select the best..
2007-02-12 12:32:07 · answer #4 · answered by k7 2 · 0⤊ 0⤋
frankly saying its better not to get into any sort of credit card as it will erode all ur income.. so try to be very far from all this stuff.. dint get lured by any ad...
2007-02-13 12:36:39 · answer #5 · answered by aquarianabhi 2 · 0⤊ 0⤋
but i think he is looking for one with a cash back facility. . . .
2007-02-14 15:19:34 · answer #6 · answered by TheAnand.com 3 · 0⤊ 0⤋
I can not give reply to it . It is your choice.
2007-02-12 08:20:36 · answer #7 · answered by Jacky.- the "INDIAN". 6 · 0⤊ 0⤋