Credit Cards using most dangerous these days. Now a days banks and financial companies to provide credit without any conditions, after they give credit/money they are started lot of terms and conditions in that money.
Know a day Credit Cards is one of the big financial businesses. Credit Cards give a offer just like customer transactions is good they provide more credit offers means 5-10% money back on railway tickets, air tickets and features & benefits like shopping & smile reward programs, balance transfer, no surcharges on fuel purchase, and EMI facility on every purchase of Rs.2500/- this type of offers given to customer and attract the customer for business development.
Presently SBI credit cards gives an attractive offers for their customers like shop and smile reward program, Transfer balance at 0%, 0% transaction fee on fuel, and 10% money back on railway tickets and air tickets.
Some banks give a facility of anytime cash, convenience of using it anywhere in the world and a whole bunch of benefits. These benefits range from Lifetime free cards, Global emergency assistance service, Discounts, Utility payments, Travel discounts and a lot more.
These types of offers give most offal all banks like SBI, ICICI, CITI, HSBC, HDFC, AMERICAN EXPRESS and all other nationalized banks. But credit card is mostly dangerous, because I have SBI, ICICI and CITI banks cards.
Recently I am closing my SBI Credit Card. Because they have lot of charges like surcharges, interest and other financial charges bothering on me. I am suffering mentally disturbed. Once you close the account and they send monthly statements, SMS and phone calls for pay payment immediately in your credit card. These type of harassments starting from banks, that is the main reason for credit card is very, very dangerous.