suggestions for getting a credit card

[karina_got_it]

HI
i want to get a credit card. want to know which bank is better in terms of intrest.. intrest free period.. hidden charges.. discounts offered

[enticer86]

Originally Posted by karina_got_it

HI
i want to get a credit card. want to know which bank is better in terms of intrest.. intrest free period.. hidden charges.. discounts offered

It all depends upon ur credit limit. Personally I prefer ICICI.

[max_demon]

and can i get a visa or mastercard in my age (14)?

[enticer86]

Ofcourse....


NOT

Though u may get an additional card wrt ur dad.

[Stick]

Originally Posted by karina_got_it

HI
i want to get a credit card. want to know which bank is better in terms of interest.. interest free period.. hidden charges.. discounts offered

SBI is best so far my knowledge as one of my friend had bad experience with some other including ICICI BANK. Using SBI card from last 12 month no problem with so far

One foreign bank start him charging from the date card was issue but he never get the card and after 30 days he received statement and in that they request him to pay for.

[karina_got_it]

really thanks for your suggestions and do anyone know about the intrest rates of various banks and which is lowest. and without any hidden charges

[ajayritik]

I have been using SBI and ICICI card. ICICI is used by many people. From whatever experience I had with ICICI it was ok I really didnt come across any Hidden charge etc with it. Only once I had an issue coz I didnt receive the statement and had to end up paying late fee. But overall its ok. The problem with SBI is payment. We can't drop the cheques in ATM of SBI and have to drop in their branch

[rachitpant]

Originally Posted by karina_got_it

HI
i want to get a credit card. want to know which bank is better in terms of intrest.. intrest free period.. hidden charges.. discounts offered

icici bank is better in all departments ,
but still i hate this bank and credit cards in general , they looted me legally for around rs 1500 in 2 months .
the interest on credit cards is higher than any form of banking intersest (arnd 37% compounded anually) , and dont forget the "other charges " they levy tht makes for their earnings
buying on credit is passe , a fshion no more ,

[Pathik]

ICICI chor.. saale kabhi bhi charge maar dete hai.. SBi is the best.

[rachitpant]

Originally Posted by Stick

SBI is best so far my knowledge as one of my friend had bad experience with some other including ICICI BANK. Using SBI card from last 12 month no problem with so far

One foreign bank start him charging from the date card was issue but he never get the card and after 30 days he received statement and in that they request him to pay for.

never buy a sbi card ,
even i had a bad xp with icici bank but tht doesnt make sbi better ,
icici bank charges are better thn sbi , almost all charges are less .
it doesnt charge rs 2000 anual fees like sbi

[prasad_den]

Originally Posted by ajayritik

I have been using SBI and ICICI card. ICICI is used by many people. From whatever experience I had with ICICI it was ok I really didnt come across any Hidden charge etc with it. Only once I had an issue coz I didnt receive the statement and had to end up paying late fee. But overall its ok. The problem with SBI is payment. We can't drop the cheques in ATM of SBI and have to drop in their branch

REgarding SBI payment, just register for bill pay at the ATM, and you'll never need a cheque anymore. All you need to do is go to the SBI ATM, and use the bill pay option to directly transfer money from account to card..! However, note that this transfer is not instantaneous, it takes 2 to 3 days to reflect in card account..

Overall, my experience with SBI has been extremely good...

[ax3]

ICICI always .....

[shashank_re]

Iam using HDFC Credit Card from 1yr and iam happy with it.Its free for lifetime card with no hidden charges.

[2kewl]

SBI is pretty good but the annual fee is pretty high, I think!

Anyone with lesser annual fee?

[max_demon]

applied for hdfc

[ajayritik]

I just wanted to compare ICICI and SBI only with reference to the payment which can be made. With ICICI Credit cards I have an option to pay online which would be done immediately or at the max one day. I also have the option of going to one of the branches here where they take Credit Card Payments and the payment would be done in some hours same day. Now let's assume that I go to nearby SBI ATM to make payment for that I need an SBI bank account which I may not have and added to that I also have to wait for some 2-3 days for the payment to be made. Now someone tell me which is better when we talk about the mode of payment.

[hailgautam]

Avoid Credit Cards as much as possible, believe me when I say, I got all most all the cards, with more than 10l limit. You will soon be in the trap and will suffer.

[Pathik]

Yup. Stay on the safe side. Get a debit card.

[victor_rambo]

I just opened a salary account with AXIS bank and they gave me a debit card. Nice to know thats debit cards aren't as dangerous as credit cards, as Pathik said!

[abhijit_reddevil]

I have used ICICI for the last 1.5 years without any problems. As long as you pay your outstanding within the grace period, there is no interest charge. You can also make part payments. The interest of 2.9% per pay month will be charged on the outstanding.

[prasad_den]

Originally Posted by ajayritik

I just wanted to compare ICICI and SBI only with reference to the payment which can be made. With ICICI Credit cards I have an option to pay online which would be done immediately or at the max one day. I also have the option of going to one of the branches here where they take Credit Card Payments and the payment would be done in some hours same day. Now let's assume that I go to nearby SBI ATM to make payment for that I need an SBI bank account which I may not have and added to that I also have to wait for some 2-3 days for the payment to be made. Now someone tell me which is better when we talk about the mode of payment.

If you are having an ICICI account then you can use online transfers for any VISA card, that includes SBI CCs...!! If you are gonna decide based only on mode of payment, ICICI might be good for you, 'coz you have an ICICI account (I assume)..!

[Stick]

Originally Posted by rachitpant

never buy a sbi card ,
even i had a bad xp with icici bank but tht doesnt make sbi better ,
icici bank charges are better thn sbi , almost all charges are less .
it doesnt charge rs 2000 anual fees like sbi

Though I have no Idea about Annual Fees but don't think it will be so high

[nish_higher]

hey i too got the same question.till now i m using my mom's cc but now i wanna get my own.i got a debit card though.so u guys mean SBI Credit card is better?

[ThinkFree]

CITIBANK, best services + lifelong free(no annual or membership fee) and no hidden charges. ICICI also not bad

[hailgautam]

None of the banks now charge annual fee. (for me at least).

yes citi bank has good service but they are too security conscious, even hsbc gives you a rsa token to log into their site. i think hdfc is best, doesn't bother you much. icici is convenient but their customer service is most pathetic - a must avoid bank - irrespective of so many awards they get.

but i advise to everyone don't ever take any credit cards.

[janitha]

Quote
"but i advise to everyone don't ever take any credit cards."

Yes. My policy is also the same.

[Ponmayilal]

hmmmmm.....................I also had such a policy till a few years back.But finally the sheer convenience compelled me to go for one.With an international credit card in my purse, I was able to purchase quite a few computer peripherals from various malls such as Circuit City,Best Buy, frys electronics etc., and also order software online.

Yes, purchasing online with a credit card has its own risks involved.Atleast twice in the past two years, my card issuing bank informed me that my credit card details were out to hackers who had compromised the merchant's servers. Once they blocked my card and issued a new one . Next time I advised them not to bother since my card is expiring anyway in April 2008.I have deliberately kept my credit limit to a low Rs.27000 and if someone swipes my card account , I don't care

And ya........ the suggestion is to keep the credit limit to as high or a low amount, that you consider you won't mind loosing.

If on the other hand you do mind loosing even a penny and loose sleep on it for years, then a card is not for you.It is as simple as that.

[2kewl]

SBI has annual fee of around 800 odd!