The explanation doesn't make much sense either. If banks are concerned about someone hacking my account to make international transactions, shouldn't they be putting in measures to avoid my account from getting hacked? Will the hacker (a) know exactly when I have added extra money to my account and (b) use only the extra money to do his transactions? Banks basically think they can feed people anything in the name of consumer safety.
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Credit card users in India may no longer be able to overpay their dues
- Thread starter Abhishek012
- Start date
James
TF Ace
Bnpl really has negative impact? I have them but not using it. If I get any offer, I'll use it and pay it
Yes, BNPL is not good for CIBIL score .. Get rid of it ASAP and see the positive impact..
aayusharyan
TF Ace
Even though I don't want to maximize my Credit Score, please share some resources if you have with respect to relationship between BNPL and Credit Scores. It will be good for knowledge.
For a real example, one of the users in this forum closed one BNPL account after my advice and he confirmed that his score had improved.. I will try to fin out that post.. you can also try searching for that
Last edited:
aayusharyan
TF Ace
Yeah, that post I have seen, but I think that is an exclusive case (maybe based on his situation and other factors).
CIBIL is always highly dependent on individual cases….
What is BNPL ??unsecured personal loan..
How difficult it is to get?? Very very easy..
Why any one goes for BNPL generally??
Because it probably is the last resort.
Like this there are so many negative factors that this loan facility associates with and hence it is not a good credit product to have in the eyes of lenders and hence will definitely be factored in the CIBIL score accordingly..
There is no place to get the resource link you are after describing what does what on cibil score with certainty..
We need to derive some from the fundamentals
James
TF Ace
Okay, I'll close them. Actually I closed a few and my score went up by 7 points. Maybe it's because of this or axis offered a limit enhancement. So we can't find the correct reason
okay
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Credit card users in India may no longer be able to overpay their dues
Credit card users in India may no longer be able to overpay their dues: The banks have put guards in their applications to prevent customers from overpaying their credit card dues Indian banks are no longer allowing credit card users to pay more than their outstanding amount. And in the cases...
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RAMESH BABU N
TF Ace
I usually pay in round thousands each month - for every card - rounded to the next thousand. So, there is bound to be an excess amount of about 2000 to 5000 or even more. Always, on every card.
No problem faced by me till now.
No problem faced by me till now.
RAMESH BABU N
TF Ace
Coming back to the original topic of this thread......
I usually pay in round thousands each month - for every card - rounded to the next thousand. So, there is bound to be an excess amount of about 2000 to 5000 or even more. Always, on every card.
No problem faced by me till now. No Banker refunded me the excess. Nor, they refused to accept more amount to the credit of my CC account. May be HUGE amounts attract such measures - if amounts are in lakhs.
I usually pay in round thousands each month - for every card - rounded to the next thousand. So, there is bound to be an excess amount of about 2000 to 5000 or even more. Always, on every card.
No problem faced by me till now. No Banker refunded me the excess. Nor, they refused to accept more amount to the credit of my CC account. May be HUGE amounts attract such measures - if amounts are in lakhs.
Deepak_Shetty
TF Ace
If anyone is paying excessive amount, my suggestion is to use paytm. Last month I have used many credit card payment app for my SBI card advance bill payment but out of those, only paytm transactions were successful.
RAMESH BABU N
TF Ace
THINK OF THE DEVIL... AND, THERE IT IS.
Just now got the following SMS.... From PNB Cards....
Dear Customer, Credit Balance of Rs.-xxxx. Xx is lying in your credit card ending xxxx. . Kindly submit request for reversal of amount at creditcardpnb@pnb.co.in or contact 18001802345 / 01204616200. -PNB
So, that's it.
mrbanker
TF Select
Credit card spendings on the rise in recent times: Credit card spends surge to record ₹1.78-lakh crore in Oct
Has this been implemented yet? I have overpayment on my hdfc cc currently due to refunds. And wondering if they will refund the excess to my account automatically or I need to contact them?
D₹V
TF Prestige
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