Go Back   Team-BHP > Around the Corner > Shifting gears


Reply
 
Thread Tools Search this Thread
Old 1st November 2014, 22:51   #1756
BHPian
 
Join Date: May 2010
Location: Hyderabad
Posts: 66
Thanked: 26 Times
Default Re: The Credit Card Thread

Narayan, Live update from Thailand. Obc debit card charged me 1.935 when the spot rate was 1.90. It means 1.84% all inclusive. (My assumption - A combo of Visa specified rate + OBC mark up of 1% + service tax of 12.36%). It is the DEFINITELY the CHEAPEST till date on any credit or debit card. The rate determined by Visa could be something slightly more than the spot rate. OBC might have sincerely charged just 1% as they promised. So, how do we know the breakup? I mean difference between spot rate (source - google finance) and the one actually charged in my statement?
manduvindupondu is offline   Reply With Quote
Old 2nd November 2014, 09:33   #1757
Distinguished - BHPian
 
sgiitk's Avatar
 
Join Date: Dec 2007
Location: Kanpur
Posts: 7,102
Thanked: 3,682 Times
Default Re: The Credit Card Thread

See what they do is a 'commercial rate' will be charged. A very non-committal statement to me. The bank markup is on top.
sgiitk is online now   Reply With Quote
Old 4th November 2014, 14:46   #1758
BHPian
 
Join Date: May 2010
Location: Hyderabad
Posts: 66
Thanked: 26 Times
Default Re: The Credit Card Thread

Yes sgiitk Sir, This 1% has to be compared to what OTHER banks generally charge, i.e 3.5%. All the Citibanks, Axis, HSBCs, HDFCs, Standard Chartereds of the world charge 3.5% .

The cheapest I found was OBC (Oriental Bank of Commerce). Close second was Union Bank of India (2%).
Good job by Sarkari banks.
Of Course, I will use it in US/Canada and will post my live experience with rates charged on the statement.

Last edited by manduvindupondu : 4th November 2014 at 14:48. Reason: Change
manduvindupondu is offline   Reply With Quote
Old 4th November 2014, 15:58   #1759
Distinguished - BHPian
 
sgiitk's Avatar
 
Join Date: Dec 2007
Location: Kanpur
Posts: 7,102
Thanked: 3,682 Times
Default Re: The Credit Card Thread

Quote:
Originally Posted by manduvindupondu View Post
Yes sgiitk Sir, This 1% has to be compared to what OTHER banks generally charge, i.e 3.5%. All the Citibanks, Axis, HSBCs, HDFCs, Standard Chartereds of the world charge 3.5% .
StanChart charges Zero on their Infinity. Also, we will have to check what exchange rate they use!
sgiitk is online now   Reply With Quote
Old 4th November 2014, 19:33   #1760
BHPian
 
Join Date: May 2010
Location: Hyderabad
Posts: 66
Thanked: 26 Times
Default Re: The Credit Card Thread

The OBC (1% currency conversion charge) and Union Bank of India (2%) that I discussed are normal SB accounts with INR 1000 minimum balance (with Cheque book). Useful on abroad trips for Mango people like me (Aam junta )
The default charge for most banks is 3.5% currency conversion charges.
How much is the minimum balance for SC Infinity account?
manduvindupondu is offline   Reply With Quote
Old 10th November 2014, 16:12   #1761
Senior - BHPian
 
Join Date: Jul 2010
Location: Bangalore
Posts: 1,851
Thanked: 3,147 Times
Default Re: The Credit Card Thread

ICICI Bank's online portal to view CC statements has been down for nearly three weeks now. Nobody in customer service has any idea what's happening except parroting the same 'it's down for maintenance upgrades' line.

What sort of mainstream bank pulls down a service for THREE weeks for maintenance?
Chetan_Rao is offline   Reply With Quote
Old 10th November 2014, 20:39   #1762
BHPian
 
Guite's Avatar
 
Join Date: Jul 2008
Location: Noida, NCR
Posts: 464
Thanked: 174 Times
Default Re: The Credit Card Thread

^^ Checked just now, no problem at all. Just checked current statement.
Guite is offline   Reply With Quote
Old 10th November 2014, 23:28   #1763
BHPian
 
Jaguar's Avatar
 
Join Date: May 2006
Location: Bangalore
Posts: 557
Thanked: 141 Times
Default Re: The Credit Card Thread

Aren't all new credit cards supposed to be chip based? I received replacement HDFC Platinum Plus cards today and they are without chip. Not that I am complaining or anything.
Jaguar is offline   Reply With Quote
Old 11th November 2014, 02:20   #1764
Senior - BHPian
 
Raccoon's Avatar
 
Join Date: Jan 2008
Location: Poona
Posts: 1,832
Thanked: 105 Times
Default

^It's a legal requirement I believe. Very surprising if they sent you non chip card.
Raccoon is offline   Reply With Quote
Old 11th November 2014, 17:47   #1765
Senior - BHPian
 
Join Date: Jul 2010
Location: Bangalore
Posts: 1,851
Thanked: 3,147 Times
Default Re: The Credit Card Thread

Quote:
Originally Posted by Guite View Post
^^ Checked just now, no problem at all. Just checked current statement.
Can you provide a link? I can't seem to locate the Credit Card statement page at all. It was first moved under 'quick links', then under 'other key services' on the CC homepage, but I can't locate it under either now.

Just to clarify, I have not linked my CC to my savings account so can't view it in my online banking profile. I use the independent portal under the Credit Cards section to view my statements.

Last edited by Chetan_Rao : 11th November 2014 at 18:13.
Chetan_Rao is offline   Reply With Quote
Old 11th November 2014, 22:47   #1766
BHPian
 
Guite's Avatar
 
Join Date: Jul 2008
Location: Noida, NCR
Posts: 464
Thanked: 174 Times
Default Re: The Credit Card Thread

Quote:
Originally Posted by Chetan_Rao View Post
Can you provide a link? I can't seem to locate the Credit Card statement page at all. It was first moved under 'quick links', then under 'other key services' on the CC homepage, but I can't locate it under either now.
I obviously can't paste the link after logging into my account. Moreover it will give you invalid page message. After logging in through icicibank.com the statements links are on the left hand side. This is probably mobile version of the site as I mostly log in using Safari on iPad, on desktop version may look different.
Guite is offline   Reply With Quote
Old 11th November 2014, 23:52   #1767
Senior - BHPian
 
Join Date: Jul 2010
Location: Bangalore
Posts: 1,851
Thanked: 3,147 Times
Default Re: The Credit Card Thread

Quote:
Originally Posted by Guite View Post
I obviously can't paste the link after logging into my account. Moreover it will give you invalid page message. After logging in through icicibank.com the statements links are on the left hand side. This is probably mobile version of the site as I mostly log in using Safari on iPad, on desktop version may look different.
Like I mentioned, I don't have my CC linked to my savings account, so can't use the way through the online banking profile. The independent CC statement page is the one that's down. I guess I'll just check on an ATM machine (mini-statement option).
Chetan_Rao is offline   Reply With Quote
Old 12th November 2014, 07:00   #1768
BHPian
 
Guite's Avatar
 
Join Date: Jul 2008
Location: Noida, NCR
Posts: 464
Thanked: 174 Times
Default Re: The Credit Card Thread

^^ I logged in directly into credit card account. I have ICICI savings account too but have not linked them. So I use separate login ID for CC and savings account.
Guite is offline   Reply With Quote
Old 12th November 2014, 13:12   #1769
Senior - BHPian
 
Join Date: Jul 2010
Location: Bangalore
Posts: 1,851
Thanked: 3,147 Times
Default Re: The Credit Card Thread

Quote:
Originally Posted by Guite View Post
^^ I logged in directly into credit card account. I have ICICI savings account too but have not linked them. So I use separate login ID for CC and savings account.
Yes, That CC statement login page (where you login with your CC details) is the one I can't find. Mind sharing a screenshot of the login page without your details entered?
Chetan_Rao is offline   Reply With Quote
Old 12th November 2014, 14:36   #1770
BHPian
 
Guite's Avatar
 
Join Date: Jul 2008
Location: Noida, NCR
Posts: 464
Thanked: 174 Times
Default Re: The Credit Card Thread

Quote:
Originally Posted by Chetan_Rao View Post
Yes, That CC statement login page (where you login with your CC details) is the one I can't find. Mind sharing a screenshot of the login page without your details entered?
After logging in it prompts you to download the mobile app. Ignore that, click "NO THANK YOU". Please refer screenshots in the order of number written on LHS.
Attached Images
   
Guite is offline   Reply With Quote
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search


Similar Threads
Thread Thread Starter Forum Replies Last Post
Credit Card Purchase Surcharge 1.5% (and a discussion on TIPS) sam003 Shifting gears 114 6th February 2013 12:28
Online Credit Card Scam...Pls help!! crn12 Shifting gears 20 21st January 2013 16:06
Credit Card:Converting Outstanding amount to EMI/Pay only minimum amount due?Advise ashwinsid Shifting gears 26 11th September 2009 15:24
Scary News : Network Solutions loses Credit Card information emkay456 Shifting gears 0 28th July 2009 14:01
Credit card menace kutlee Shifting gears 39 17th August 2007 18:59


All times are GMT +5.5. The time now is 16:50.

Copyright 2000 - 2017, Team-BHP.com
Proudly powered by E2E Networks