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


Reply
 
Thread Tools Search this Thread
Old 28th June 2017, 13:23   #2611
BHPian
 
Join Date: Mar 2016
Location: Gurgaon
Posts: 268
Thanked: 514 Times
Default Re: The Credit Card Thread

Quote:
Originally Posted by adimicra View Post
In what way is the Diners club better than Regalia?
Purely in terms of reward points. Comparing Regalia with Diner's premium, while normal rewards are equivalent, 4 points for 150 Rs, the value of those points are less in Regalia (0.60 Rs. per point) in comparison to Diner's premium (0.75).

In addition you get 10x Reward points on significant number of websites. You also get to use Buy One Get One on movie tickets twice a month, and 2X reward points at any restaurant.

Below pic from their website.
The Credit Card Thread-screen-shot-20170628-1.13.44-pm.png

You can find more at http://www.hdfcbankdinersclub.com/
autorahul is offline   Reply With Quote
Old 29th June 2017, 13:30   #2612
Senior - BHPian
 
adimicra's Avatar
 
Join Date: Jul 2010
Location: Hyderabad
Posts: 1,558
Thanked: 1,055 Times
Default

Thanks everyone. Have asked for diners card.

Anyone looked at SBI prime?
adimicra is online now   Reply With Quote
Old 30th June 2017, 09:33   #2613
BHPian
 
BenjiRoss's Avatar
 
Join Date: Jul 2008
Location: Tamilnadu
Posts: 576
Thanked: 94 Times
Default Re: The Credit Card Thread

I'm pretty much clueless about GST and credit cards. If I pay for a lot of items by credit card but always settle my card statement full due on time, do I get affected?
Will there be any extra charge at all?
BenjiRoss is offline   Reply With Quote
Old 30th June 2017, 11:25   #2614
BHPian
 
mjumrani's Avatar
 
Join Date: Dec 2011
Location: Bangalore
Posts: 372
Thanked: 263 Times
Default Re: The Credit Card Thread

Quote:
Originally Posted by BenjiRoss View Post
I'm pretty much clueless about GST and credit cards. If I pay for a lot of items by credit card but always settle my card statement full due on time, do I get affected?
Will there be any extra charge at all?
If your purchases are only in INR and always paid in full you will not be affected but if there are any yearly charges then that may rise by 3% because as of now the fee attracts 15% service tax after GST it will be 18%.
mjumrani is online now   Reply With Quote
Old 30th June 2017, 11:30   #2615
Senior - BHPian
 
Join Date: Dec 2008
Location: Bangalore
Posts: 1,930
Thanked: 1,391 Times
Default Re: The Credit Card Thread

Quote:
Originally Posted by mjumrani View Post
If your purchases are only in INR and always paid in full you will not be affected...
Well, purchases where you are charged for using the card will be affected. So fuel purchase, tickets on IRCTC, utility bill payment etc. could all get dearer because the service tax on the surcharge or gateway charges will be replaced by the GST at the rate of 18%.
binand is offline   Reply With Quote
Old 1st July 2017, 18:47   #2616
Senior - BHPian
 
sdp1975's Avatar
 
Join Date: Aug 2009
Location: Bangalore
Posts: 1,590
Thanked: 899 Times
Default Re: The Credit Card Thread

I tried to make a hotel booking of 5232/- from the Tamil Nadu Tourism website www.ttdconline.com .

It's a poorly designed website , and as had I feared , my account got debited , the transaction got timed out , and there was no confirmation from the merchant ( TTDC ) side. As I was worried dealing with TTDC(it's govt owned ) , I called up Citibank within about 20 minutes and asked them to revert the amount. The support person said that she would check with another team , raise a dispute , and make a provisional credit for the amount.

What's the right procedure in these cases ? To raise a dispute with the bank or merchant ? When asked I was told that either would do , but I guess raising it with the merchant is usually the right procedure . For merchants having large volumes of online payments like Flipkart/Amazon I believe there's a strong reconciliation process and the customer doesn't lose money anyway in the end, but for the smaller merchants one has to follow up I guess ?

This was on a debit card. I think I will send a mail to TTDC on what happened so that they are informed .

Last edited by sdp1975 : 1st July 2017 at 18:49.
sdp1975 is offline   Reply With Quote
Old 1st July 2017, 19:40   #2617
BHPian
 
hothatchaway's Avatar
 
Join Date: Aug 2012
Location: Bangalore
Posts: 507
Thanked: 506 Times
Default Re: The Credit Card Thread

Quote:
Originally Posted by binand View Post
Well, purchases where you are charged for using the card will be affected. So fuel purchase, tickets on IRCTC, utility bill payment etc. could all get dearer because the service tax on the surcharge or gateway charges will be replaced by the GST at the rate of 18%.
Is there a service tax on fuel surcharge? Provided one does not get a waiver from the card issuer?
hothatchaway is offline   Reply With Quote
Old 1st July 2017, 22:03   #2618
BHPian
 
mjumrani's Avatar
 
Join Date: Dec 2011
Location: Bangalore
Posts: 372
Thanked: 263 Times
Default Re: The Credit Card Thread

Quote:
Originally Posted by binand View Post
Well, purchases where you are charged for using the card will be affected. So fuel purchase, tickets on IRCTC, utility bill payment etc. could all get dearer because the service tax on the surcharge or gateway charges will be replaced by the GST at the rate of 18%.
Sorry missed these. IIRC there are no charges to pay utility bills.
mjumrani is online now   Reply With Quote
Old 2nd July 2017, 07:29   #2619
Senior - BHPian
 
Join Date: Dec 2008
Location: Bangalore
Posts: 1,930
Thanked: 1,391 Times
Default Re: The Credit Card Thread

Quote:
Originally Posted by mjumrani View Post
IIRC there are no charges to pay utility bills.
BESCOM in Bangalore charges 1% extra for paying bills via credit card. There is a 15% service tax on that 1% which I guess will now become 18% (even though the core service of BESCOM is outside GST's purview).
binand is offline   Reply With Quote
Old 2nd July 2017, 10:15   #2620
BHPian
 
mjumrani's Avatar
 
Join Date: Dec 2011
Location: Bangalore
Posts: 372
Thanked: 263 Times
Default Re: The Credit Card Thread

Quote:
Originally Posted by binand View Post
BESCOM in Bangalore charges 1% extra for paying bills via credit card. There is a 15% service tax on that 1% which I guess will now become 18% (even though the core service of BESCOM is outside GST's purview).
You can avoid that by paying via wallets or phonepe. I have been doing that since last 6+ months. No surcharges what so ever.
mjumrani is online now   Reply With Quote
Old 2nd July 2017, 10:31   #2621
Senior - BHPian
 
Join Date: Dec 2008
Location: Bangalore
Posts: 1,930
Thanked: 1,391 Times
Default Re: The Credit Card Thread

Quote:
Originally Posted by mjumrani View Post
You can avoid that by paying via wallets or phonepe. I have been doing that since last 6+ months. No surcharges what so ever.
Yes yes... that wasn't the point though. The point was that whether utility bill payments could be affected by GST. I only pointed out that it could.

I pay my BESCOM bill via my bank's netbanking/bill-pay facility for the past 6 years or so. No charges there. But BESCOM does not accept payments via third-party channels 2-3 days before the actual due date of the bill (ie, if the due date is 10th then bill pay via netbanking closes on 7th or 8th).

Lastly, I wouldn't touch any of these wallets or phonepes as of today. There is no way I could be satisfied of the security and privacy controls they employ.
binand is offline   Reply With Quote
Old 2nd July 2017, 11:07   #2622
Senior - BHPian
 
govigov's Avatar
 
Join Date: Oct 2007
Location: Cochin!!!!!
Posts: 1,295
Thanked: 413 Times
Default Re: The Credit Card Thread

Quote:
Originally Posted by sdp1975 View Post
This was on a debit card. I think I will send a mail to TTDC on what happened so that they are informed .
When in doubt in situations like these, use credit card. They can do a charge back to the merchant and then it would be merchants responsibility to show the transaction.

In case of debit cards, I guess, after a provisional charge and an investigation, they would debit the money back to you. It would take time, but I would not count on it.
govigov is offline   Reply With Quote
Old 5th July 2017, 08:38   #2623
BHPian
 
tejas08's Avatar
 
Join Date: Nov 2013
Location: Mulund, Mumbai
Posts: 365
Thanked: 456 Times
Default Re: The Credit Card Thread

Quote:
Originally Posted by adimicra View Post
Thanks everyone. Have asked for diners card.

Anyone looked at SBI prime?
I am using SBI Elite for over two years now. A level above Prime with same + added benefits.

Do check it out too if looking at prime.
tejas08 is offline   Reply With Quote
Old 5th July 2017, 09:31   #2624
Senior - BHPian
 
adimicra's Avatar
 
Join Date: Jul 2010
Location: Hyderabad
Posts: 1,558
Thanked: 1,055 Times
Default Re: The Credit Card Thread

Quote:
Originally Posted by tejas08 View Post
I am using SBI Elite for over two years now. A level above Prime with same + added benefits.

Do check it out too if looking at prime.
SBI prime is a level below Elite but seems to offer better or similar benefits
as per the review below -
http://www.cardexpert.in/sbi-card-la...t-card-review/


Did you have to pay joining fees or renewal fees? Any chances of waiver based on spend?
How is you overall experience with the SBI Elite card? Any comparison with other cards like HDFC Regalia?
adimicra is online now   Reply With Quote
Old 5th July 2017, 09:34   #2625
BHPian
 
tejas08's Avatar
 
Join Date: Nov 2013
Location: Mulund, Mumbai
Posts: 365
Thanked: 456 Times
Default Re: The Credit Card Thread

Quote:
Originally Posted by adimicra View Post
SBI prime is a level below Elite but seems to offer better or similar benefits
as per the review below -
http://www.cardexpert.in/sbi-card-la...t-card-review/


Did you have to pay joining fees or renewal fees? Any chances of waiver based on spend?
How is you overall experience with the SBI Elite card? Any comparison with other cards like HDFC Regalia?
Paid Joining fees, but got Gift Vouchers against those. Paying the Renewal fees too. There was no waiver earlier, but now its introduced. A little ridiculous though. 10 Lacs Annual spends and you get Fees waiver. What I do is encash the reward points that I earn to get the waiver and some additional monetary benefits. In Reward Points encashment, I get around 12-13K annually apart from the other benefits of free tickets, petrol surcharge waiver etc.

I dont have any experience with HDFC Regalia. So can't comment.
tejas08 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 02:08.

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