Is this true? No interest for 48 days?

[fatehbajwa]

 

[talkwithfino]

I'm fully agreed on the each sentence that you said against Cash Withdrawal from ATM.

One night I inserted my Citi Bank Credit Card in to the ATM since I wasn't able to bifurcate between Credit & Debit Card due to low light.
I withdraw 10,000 & on the next day when realized that I did a blunder by then 24 hours passed & just for 24 hours I had to pay 300 extra to Citi Bank;.
That also after much negotiations with the RM otherwise they were about to charge me 1000+GST.
Since it was my Salary Account they gave some discount.

Keep different PIN's for both the cards 😂 This way you won't accidentally used CC to withdraw cash

 

[AllSeeker]

And possibly gf birthday as pin instead of wifes, so you will also know where exactly it is.

 

[souvikdey2002]

And possibly gf birthday as pin instead of wifes, so you will also know where exactly it is.

And what if wife knows about it?
You are going to surrender that card??

 

[AllSeeker]

And what if wife knows about it?
You are going to surrender that card??

Block it immediately. This is why bank allows reissuance. Do it at work address this time

 

[fatehbajwa]

I, personally think all the above fears are just that...FEARS.
Been using CC's for 25-30 years......never had any of the above problems.
It's a good option IMHO.
But that's just me.

 

[Parvesh Goyal]

This is a terrible promotion from IDFC. They should never encourage withdrawal of cash from credit card.

It's their strategy to earn from card holders by giving offers, which become habits and card issuer earn in form of interest, late fee, cash withdrawal charges etc..

 

[Parvesh Goyal]

Same here. In fact I've everything disabled and limits set to 2k. I enable only when I want to use a CC.

In ICICI u can't set the limit on lower side. I did the same and was charged. After argument with customer care, charges were waived off. I made a transaction and then lower the limit as I do with my HDFC CC.

 

[fatehbajwa]

Same, in my opinion. Basically could potentially substitute for a DC atleast in case of cash withdrawals.

As I mentioned, it's me personally.
I can't recall when I last withdrew cash on my debit cards!😂

 

[Parvesh Goyal]

As I mentioned, it's me personally.
I can't recall when I last withdrew cash on my debit cards!😂

Nowadays why should we have cash? We r having a lot of facilities in India to make payments.

 

[fatehbajwa]

Do you withdraw cash from CCs?

Not needed to so far.
But one doesn't know.

 

[AllSeeker]

In ICICI u can't set the limit on lower side. I did the same and was charged. After argument with customer care, charges were waived off. I made a transaction and then lower the limit as I do with my HDFC CC.

Really? In iMobile I've played with limit before but it never attracted charges. Could you tell me more? Like which card this was?

 

[Parvesh Goyal]

Really? In iMobile I've played with limit before but it never attracted charges. Could you tell me more? Like which card this was?

I am having credit limit of Rs more than 4L on my Amazon pay ICICI card. Generally I used to keep limit in between 5-10k. I made a transaction of Rs 28k by setting my limit at 30k and reset to 5-10k again. In this scenario I was charged over limit charges. After following many times with customer care, charges were waived off and I was told that it was the last time waiver. I was informed that when I had spent around 28k, the set limit should not be below 28k. It was very strange for me.

 

[007]

I am having credit limit of Rs more than 4L on my Amazon pay ICICI card. Generally I used to keep limit in between 5-10k. M I made a transaction of Rs 28k by setting my limit at 30k and reset to 5-10k again. In this scenario I was charged over limit charges. After following with customer care, charges were waived off and I was told that it was the last time waiver.

It would be better to just disable all transactions (merchant/online/tap to pay). And enable just when you need it.

 

[Parvesh Goyal]

It would be better to just disable all transactions (merchant/online/tap to pay). And enable just when you need it.

Good idea.

 

[AllSeeker]

I am having credit limit of Rs more than 4L on my Amazon pay ICICI card. Generally I used to keep limit in between 5-10k. I made a transaction of Rs 28k by setting my limit at 30k and reset to 5-10k again. In this scenario I was charged over limit charges. After following many times with customer care, charges were waived off and I was told that it was the last time waiver. I was informed that when I had spent around 28k, the set limit should not be below 28k. It was very strange for me.

I see, there is possibility that this is problem due to their system lag in updating limit settings. I agree, its probably better to adjust enable-disable settings than limit settings in this case.

 

[brahmin_baniya]

That's pretty neat, In case one needs cash suddenly.... and suppose a cash limit of even 1L.....250 bucks ain't bad.

It doesn't work like this ,you can only withdraw 10% of your limit in cash

so my select card limit is 2 lakh and i can only withdraw 20000 from the Atm

 

[brahmin_baniya]

Usually it's 40% of limit

For me it shows 10%