Even if you have a call from the bank, If you are offering a free credit card. Understand that the executive is telling you wrong. In fact, there are many things on the credit card Charges are levied on those from whom neither the bank nor the caller's information is available. Mostly about the collar reward points and the discounts on shopping And you 're fascinated by them. Let' s know the credit card But about the charges that no one tells us about.
Annual charge -
The charges vary from bank to bank, and some banks do not charge them, but put a condition that you have to shop for this amount every year.
Interest on arrear -
Interest is charged by every bank and it is levied on non-payment of dues. Some people think that no interest will be charged on payment of minimum amount but this is not the case.
Charges on cash withdrawal -
Every credit card has a cash limit, As soon as you withdraw the money, the bank has started levying charges.
Pay attention to surcharge -
Almost all banks levy a surcharge on the payment of petrol and diesel through credit cards.
For example, the monthly limit for filling petrol and diesel on Axis Bank's Moi-loan card has been fixed at Rs 4,000.
Overseas Transaction Charges -
When offering a credit card, banks only tell you that you can transact abroad with this credit card, but no one tells you about the charges for using the credit card abroad, How much will it cost if you use it?