|Author: Ramachandran Pattabiraman 25 Nov 2010||Member Level: Gold Points : 1|
|You are right dinesh, |
I am holding a credit card which put knife on my neck in one time (as I spent much on that) but it helped me a great when my mother admitted in hospital for treatment. So, everything is in our handling - we should not blam the cards.
|Author: DR.N.V.SRINIVASA RAO.,M.Sc.,Ph.D 25 Nov 2010||Member Level: Gold Points : 1|
|Having a credit card is very convenient. But we should plan our expenses very well otherwise we will become bankrupt.|
Once I had been to a electronic goods shop. The remote of television set was not working properly. So I had gone to that shop for repair of that remote or to purchase a new remote.
I had gone there with my wife and two sons. After entering into the shop we have asked the shop keeper about remote. He asked us to wait a few minutes. Then we started seeing various TVs displayed in the shop. I got tempted and started discussing about going for a new TV itself. My elder son supported me. Second son is noncommittal. My wife seriously opposed. But somehow we convinced her and purchased new TV. If I don't have a credit card I might not have done this.
This is how sometimes our expenditure goes out of our control with credit cards.
|Author: Ashok Goyal 04 Jun 2014||Member Level: Diamond Points : 4|
Have you replaced your Credit Card with Chip and PIN technology - Alert for Credit Card Holders in India
Earlier while using credit cards at point of sales one could swipe the card and make the payment. Such cards used the magnetic strip technology and such credit cards could be easily cloned. Now RBI has advised banks in India to replace all such credit cards with chip-based smart cards to their customers as such chip-based cards can not be cloned or misused. Transaction with such chip-based credit cards will get through only after the credit card holder authorises the transaction with PIN (Personal Identification Number) known only to the Card Holder.