Moratorium benefit for credit cards might be reversed
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This is why people are running away from this country.
According to supreme Court
We are not borrowers so why to pay interest to credit card issuers?
Koi supreme court valo ko btaye, btw from electricity to tolls everything is free for them, ki people who were paying their bills on time during lockdown also deserve the same.
P.S. I don’t have a cc but I can understand how every cc owner must have gone through during lockdown.
But i got around 5k exgratia for all my cards
It can be taken back.
First time indian govt given some sort of help to the credit card users or tax payers but now that’s also taking back super
What can you expect from any goberment in this country?
Supreme Court seems to be distinguishing between personal loans & credit cards even though personal loans actually come with much less interest rate than credit card outstanding. Maybe Supreme Court considered this point to decide that those taking personal loans are “real borrowers” while those using credit cards are doing it for benefits so they are “fake borrowers” as they do have the choice of not using credit cards & let go of benefits. e.g. home loan emi is different from taking a TV on emi using credit card.
God knows, what these people will do…