Hi guys,
Today I am sharing with you the big liability .
Credit card is a big liability with some service to me.
It is a liability because it drains money from my pocket.Each and every stages of this fraud / loot cuts the pocket and make you bankrupt. Be aware of the charges by them which are no doubt the killer charges.
Some of the FEES are:
It comes with an 499 annual maintenance charge and this charge is given back to me after I spend 1 lakh in a year and is paid on subsequent year.
It has an interest rate: 15%
Cash Withdraw Charge: minimum 300 or 2.5%
Cheque pick up: Rs. 90
Payment Dishonor fee: 2% of the payment amount, minimum of Rs. 450
Statement retrieval: Rs. 100 per statement, which is two or more months old
Charge slip retrieval: Rs. 225 per charge slip
Late payment fee up to 750
Over limit: 2.5% of over limit amount subject to a minimum of Rs. 500
Card replacement: Rs. 100
Emergency card replacement, when abroad: Actual cost, with a minimum of$175
Foreign currency transaction: Conversion mark up - 3.5%
Rewards redemption fee: Rs. 99
Cash Payment fee: Rs. 100
rail: counter ticket 30+2.5%
rail: irctc 1.8%+tax
fuel charge 1%
Good things are:
Good for utility bill payment
Flexibly
easy money
few offers on eCommerce