Team-BHP (https://www.team-bhp.com/forum/)

-   Shifting gears (https://www.team-bhp.com/forum/shifting-gears/)

-   -   The Credit Card Thread (https://www.team-bhp.com/forum/shifting-gears/92603-credit-card-thread-56.html)

I could set up the auto debit for my credit card through internet banking. I did not have to ask any SW( what or who is SW?) to do it.
I get an SMS the day my credit card bill is generated, a second SMS the day before the auto debit is due and a third SMS after the debit happens. So I am in the loop always.
Once I forgot to set up the autodebit when my card got upgraded and I was a day late in paying the bill. But on contacting the customer care, they looked up my past record and reversed all the penalty charges. Stellar service.

Edit : finally figured SW is software !:Frustrati

So I get a call from this lady who claims to be from Citibank. She knows that I have a salary account with them and also a Citibank credit card. She also knows where I work.

Now she offers me something called the "Citibank Platinum Signature Card". As per her, this is lifetime free for people having salary accounts with the bank. She only needs my PAN card copy, present address proof and a photo to process the application.

The benefits of this card are too good to be true like 5% cash back on all departmental and retail stores, 5% cash back on fuel purchase plus surcharge waiver on all petrol pumps (only condition being amount should be > 350), 5% cashback on railway and air tickets, two free movie tickets from bookmyshow every month, 10 reward points for every Rs.125 spent (1 Point = 1 Rupee), and this can be redeemed against outstanding balance, and if you swipe the card for Rs.1000 or more within a month, you get a free Yatra gift voucher worth Rs.3000.

After the call, I was left with a feeling that this is just way too good, why would any bank offer so much? I then called up the Citibank customer care, only to know that such a card does not even exist. I then tried reaching her but her line is constantly busy.

This has left a very bitter taste in my mouth. Beware of such executives who don't hesitate to lie through their teeth just to sell their card. Always ask the executive to email you the features of the card if you wish to apply for one.

Why do they have to lie? Why can't they narrate the card features as is and see if the customer is interested? I really was angry on her after the episode. I don't want to report her to the bank or something, but what are my options when she calls again tomorrow to collect the documents?

Sounds like the Citibank Rewards Card - I have one of those. The confusing points are (a) Citi has an exclusive deal with IOCL so does not offer surcharge waiver at all pumps, and (b) they do not do cashbacks - instead they allow you to pay your card outstanding balance with reward points (which is a form of cashback, though).

I had a Citi card expecting this month. Last month I got an offer to upgrade, to which I consented. Last week I got the upgraded card. I also received another intimation from Citi bank through SMS that a card matching last 4 digits of my old card is being dispatched. I also received failed to deliver message from Bluedart. I called and asked Citibank to block this replacement card. Today I received a message from Citibank that the card has been returned to them.

Apparently a parallel exercise of replacing and upgrading took place and I was sent two cards instead of one. I was assured today, during telecon with customer care, that the old card / replacement card (both have same number) has been blocked. For my peace of mind I tried an online bill payment using the old card. Surprising it smoothly got till the Verified by VISA page. I did not attempt to complete the payment because the bill due date in still two weeks away. It's as if the card is still active. I immediately called the bank and they gave same assurance.

There is no other online payment that I want / need to make right now. I can't try in retail shop because I have disfigured the magnetic strip.

Is my old card and its replacement still active? Doesn't rejection for invalid / blocked card take place immediately after first page of online payment form?

No. It doesn't. Why don't you try a nominal payment of Rs. 10 or so on any mobile recharge or dish tv site?? That way you canbe doubly sure that your card is not active.

Just a query for the experts.
How is the Amex Gold credit card compared to the rest of the lot ?

Generally the old card is deactivated as soon as you make the first transaction on the new card at a merchant(swipe).

Is it the Gold "Charge" Card or the Credit Card you are talking about? I have a charge card from Amex, their Customer service is excellent. The Reward points you get is very good as well. However, there are a few things you need to know
1. They don't seem to be accepted everywhere. Some local stores might not accept Amex cards.
2. They have an Annual Charge, it supposedly get waived if you spend >1L the previous year. I am not sure about this though.
3. If you are the type who carries forward your Balances to the next billing cycle by paying only the "Minimum" amount due, don't go for the "Charge" card. You need to pay the Dues in full if you opt for a charge card.
4. They have a tie up with HP petrol pumps where they waive the "Surcharge". However, a few HP Bunks i have been to did not even accept Amex cards!!

These are from my experience! Hope it helps.

I have just applied for HDFC card. I don't travel much, so travel cards will not bring me any value. New card should ideally have zero annual fee, chip based card.

I currently hold platinum cards from other banks. So I would like similar level of card. Which HDFC card should I choose?

HDFC Bank does not waive fees unconditionally as a policy. For the Visa Signature Card that I have, the waiver conditions are (a) joining fees waived if I spend 15K in three months of joining, and (b) annual fees waived if I spend 50K in the previous year. It is the only fuel card I use due to surcharge waiver at ALL fuel retailers.

While the "extra security" of the chip-based cards have been debunked several times especially in the UK where they are mandatory, this one is indeed a chip-based one.

Are Discover cards available in India? Which card is good for International travel?

--R

Thanks bond bhai,
Its the Amex Gold credit card I was refering to.
Was not aware of its limited acceptance.
What clarification required was - is it any better than the ones already out there ?

As far as I know, Discover cards are not issued in India, or for that matter outside of USA.

If you have a Discover card, I believe they are usable in Pulse ATMs and PoS devices (which probably are confined to the large metros). I also read about a tie-up between Discover and NPCI, so these cards should be usable on RuPay ATMs/PoS as well.

As far as international travel goes - VISA and MasterCard have pretty much universal acceptance, and the issuing bank does not matter (except to determine costs associated). Almost every major bank nowadays issues pre-paid travel cards which are good.

If the concept of credit limit bothers you, go with an American Express charge card.

Not necessarily. With StanC you have to ask for deactivation. I willnot know the current practice having move on to Infinite & Titanium about three years ago.

Your response prompted me to check up more on this matter. Oh well, it boils down to which technology is safer, in a field where none is rock solid safe. ICICI bank states as much whereas HDFC says chip based cards are "virtually impossible to copy".