Sep 18, 2006 04:23 PM
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All credit is bad credit ….
However if one does not hold a credit card you practically don’texist.
Benefits of a card are
a) cash/credit for emergency usage
b) cashlesstransactions
c) paymentfor that special thing you are running a bit short of in funds…
HDFC credit card like any other card offers the samefeatures…Standards finance charges etc apply.
Good things aboutthe card
a) Customersupport is good
b) E-statementsare provided
c) Easybill repayment through ATMs
d) Onlinepayment if you are a HDFC customer
Cons
The bank is stuck up…
Limited balance transfer offers.
Hardly any cash back/ promotional schemes
Besides that remember if you rotate credit , i.e. you do notpay the entire amount of money you owe the bank, you a looking at
a) largefinance charges
b) plustax on these charges
Also the new catch is if you owe the bank even 100 bucksfrom last month, whatever you purchase this month gets eligible for interest calculation.
