10 common credit card myths in India
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10 common credit card myths in India
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https://www.desidime.com/discussions/10-common-credit-card-myths-in-india?page=1#post_9272745
Other myths -
11) You need to pay extra charge if you use RuPay credit card link UPI
12) You cannot pay more than 2k through RuPay credit card link UPI
13) RuPay credit card link UPI only supported on offline payment via scan and pay UPI QR (most people dnt know UPI also supported online payment via UPI checkout or UPI intent mode)
14) RuPay credit card is not supported on bank discount offers like Amazon/Flipkart etc (please understand same like you guys, bank employees are also human being, they also need to increase their knowledge, Most of the Indian banks don't train their employees properly).
15) RuPay credit card will give no reward or low reward points (from past few months, I talked to many people who were hesitating to take HDFC bank RuPay Regalia credit card variant because they are thinking all rewards points offered by visa/mastercards. Please note all rewards points and 99% discount offers offered by banks not card network. you will get same rewards on RuPay credit cards too)
16) No MDR for RuPay credit card transaction (Please increase your knowledge, Same like Visa/mastercards, RuPay Credit card also charge MDR fees between 1.5% to upto 3%, depend on merchant categories)
17) No MDR charges for RuPay credit card link UPI payment (Please once again increase your knowledge. Currently, 'Credit on UPI' is under testing mode that's why no MDR charges but soon, within a few months MDR will allow but small merchants get some exemption for transaction upto Rs2000).
11) You need to pay extra charge if you use RuPay credit card link UPI
12) You cannot pay more than 2k through RuPay credit card link UPI
13) RuPay credit card link UPI only supported on offline payment via scan and pay UPI QR (most people dnt know UPI also supported online payment via UPI checkout or UPI intent mode)
14) RuPay credit card is not supported on bank discount offers like Amazon/Flipkart etc (please understand same like you guys, bank employees are also human being, they also need to increase their knowledge, Most of the Indian banks don't train their employees properly).
15) RuPay credit card will give no reward or low reward points (from past few months, I talked to many people who were hesitating to take HDFC bank RuPay Regalia credit card variant because they are thinking all rewards points offered by visa/mastercards. Please note all rewards points and 99% discount offers offered by banks not card network. you will get same rewards on RuPay credit cards too)
16) No MDR for RuPay credit card transaction (Please increase your knowledge, Same like Visa/mastercards, RuPay Credit card also charge MDR fees between 1.5% to upto 3%, depend on merchant categories)
17) No MDR charges for RuPay credit card link UPI payment (Please once again increase your knowledge. Currently, 'Credit on UPI' is under testing mode that's why no MDR charges but soon, within a few months MDR will allow but small merchants get some exemption for transaction upto Rs2000).
https://www.desidime.com/discussions/10-common-credit-card-myths-in-india?page=1#post_9273691
so OP decided to download image from twitter and create a thread over here...
are thoda credit de do twitter wale bande ko
https://www.desidime.com/discussions/10-common-credit-card-myths-in-india?page=1#post_9277874
Yeah was just surfing so like to shared here..
Click here to reply
Reply
Few others
1) You need bank account of particular bank to get their credit card.
2) There are hidden charges in credit cards.
3) You cannot change billing date.
4) you don't need to pay bill if you got refund.
5) you cannot pay credit card bills using upi and only have to rely on the mercy of apps to settle payment on time.
6) You cannot hold more than 2 credit cards belonging to a bank.
7) You cannot change your credit card payment network on all credit cards.
8) You cannot increase your card limit manually.
9) you get habit of spending more if you increase your limit.
10) lifetime free cards don't get cancelled if you don't use it for really long time.