Why most are like this?

[asahi]

Why almost everyone wants a LTF CARD not for basic cards but for premium ultra premium cards also, seen posts like "tricks to convert 3k 5k & above fees cards to lft & but greedily wants to use all the perks offered by the card without any hesitation & not at all thinking about the card provider?

Some people asks how to reverse Maintenance charges, how to reverse GST On charges how to reverse AMB charges. instead of following simple rules.Like "always pay your credit card dues at least 3 days before your due date" or regularly check your bank/cc statements & inform the banks for errors. If you can't maintain AMB use PMJDY account. Almost everyone wants free services without paying Sms charges annual fees, penalties for missing payments. Then how will banks survive? People want to squeeze each & every bit of perks offered by Banks/CC's but without any charges whatsoever why?

 

[ssrahul96]

straight opinion would be the difference between personal FD intrest and Personal loan interest, Its obvious that Personal loan interest would be 3-5% higher. This is how bank survives,

And if some credit card exploits goes beyond limit, they are going to devaluate it. think the other way, no one is going to provide you LTF card if it does not profit them. Its more or less a marketting stategy. The simple example of it would be APAY card, It was the card which was mass marketed, It still brings huge revenue to Amazon and Icici