Credit Card SHYLOCKing -reg?

Question

A Indian Credit Card Issuer recently offered New Card holders 100% of permissible CASH Credit limit only as a 1 month INTEREST FREE advance with the ONLY cost as Rs.150(DD Charges)+Service Taxes, which was conceded by the Applicant at the time when the offer was made available & acknowledgement for the same secured over the telefon.
Subsequently when the Statement arrived a fee of Rs.223.36 was charged, the Credit Card issuer claims that at the time when the DD was send they has hiked the fees to 199- + Service Taxes.No information or concurrence for the same was secured from the Customer by any mode by the issuer. Now the Card Issuer says they can do nothing about the same.This works out to nearly 44,7% which is higher than the normal Cash Credit Rate offered by the Card Issuer.Given the abovesaid circumstances,where should I content this issue? Legal Pro's ONLY please. Thanks! Contact .

Answer 1

Recently i got a card and I am satisfied. For more information visit
http://onlinepaymentoption.blogspot.com
and
http://creditcardbiz.blogspot.com

Answer 2

This sounds very shady and fake.Any Legal and licensed Credit card company knows that a credit limit is credit and a cash limit is for an advance.There is no way you can have a credit limit and then be able to remove it as cash because they want to give you the privilage.No way! Everyone has a cash limit and once you pass that limit it stops You can not remove money from credit impossible.Now re: the Indian company do you mean outside the country Indian? Because if it is check if the interest rate is based on foreign currency rate which is usually off the wall. And if you applied on the phone you must have a reps name and confirmation number issued to you from the card company.If it is an Indian Company inland usually they have there own government besides our government.So whatever they terms are with in Indian Coalition check it out on the web just enter indian coalition or Native American Law. You'll get all the information you need based on land territories,credit,financial institutions,government,sacred lands etc.Its not like you can just go to the local government like I said they have there own subculture.

Answer 3

Shylocking

Answer 4

Going to Consumer Court is the only way to resolve the issue. To do that:

1. Verify the minute clause on the application in favour of Banks for these kind of arbitrary changes.
2. Keep copy of all your application forms etc.,
3. Keep the contact information of Bank personal handy.

If you do not have any proof, then refer your application number and send an email/letter to the Bank with all the information. Most probably you wouldn't get any proper response. Then follow it up with another letter to the next level (Senior Manager etc.,) to the Bank. Always keep copy of whatever the information that you sent to the Bank. Even then if you couldn't find proper response, then go to the Consumer Redressel Forum in your area and then submit all these proofs. Bank definitely needs to respond to their notice.

Wish you good luck.

Answer 5

the final credit card is the only which you do not have, it has no pastime in besides, no bill on the top of the month. you're thoroughly freed from debt. Don’t enable them to socket to you, because of the fact they're going to. Be unfastened!

Answer 6

Sounds like a rip off to me! Surely you were suspicious

Answer 7

This matter may be taken to consumer redressal forum. please contact legal advisor and file a case against the bank/credit card company.

good luck
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Answer 8

You are right. All are cheating. You can to go to Consumer Court and Court is busy.