Credit card....a tool of multinationals to increase their sales.

It started with a thought...How can i increase my sales? then the idea...why not ask the customer to buy what ever he want ask him to pay at his convenience..looks pretty awesome right.

ya it is a awesome gift for the customer if he buys what he actually want and pays back in time.

Some days back i have seen an offer from levis which says shop now pay later....wonder how much that offer has increased their sales.my guess is at least 25%?

I was a person who want's to buy a lot of things but don't want to spend the cash in my pocket. I only spend when the thing is something that makes me think of it at least once or twice, but my card has changed my way of shopping....

Now a days when i go on a shopping spree i buy what i liked at that instant, thinking...haa i can pay it later its just some xxx/- rupees only.

Small transactions are the deadliest..u think u are shopping in small amount but do n number of transactions which result in your xxx/- becoming xxxx/- or xxxxx/- which will be tough to pay when you look at the bill...

u have a 5% cashback on transactions if will be given only if u reach a 1lakh amount.Don't hope to get 5 rs and spend 100...if u fall back on ur payment u have to pay 2.5 rs.

Also be aware...if u shopped for 10k say and paid 5k before due date and pay the remaining just one day after the due date...u will pay 30% per annum of 10k which u shopped. 2.5% per month may look pretty a no, it translates to 30% per annum which means for every 1k u shopped u have to pay 250 rs if u pay even one day late.

cardholders link your credit account to ur debit account and pay ur bills as soon as u receive the bill.

x charge,y charge,z charge Misc charges..where do dey find so many names from

when i was a kid my mother used to show me the moon and feed me some food telling me i would bring the moon and give it to you...now a days my card is telling me shop for the points...and pay more

when u shop with cash u feel as if u are giving something that u have worked for....every time u buy something.
when u shop with a card u don't feel a thing...but u will feel it,n times bigger when u are actually paying the bill.

credit card is something like a dish that looks pretty good,tastes pretty good but kills u if u eat it every day.

so be aware card holders...u have some rights use them well,but not neglect your responsibilities.