India Credit Card Help Guide | CardBhai

StanChart Credit Card Account Not closed with Repeated Requests – What Next ?

November 9, 2013November 11, 2013 by CardBhai

It is not uncommon to see that Credit Card companies are unwilling to close Card Accounts of Long Standing Good Customers who have established good History. Such is the case of one of our readers who has a StanChart Credit Card and despite Full & Final Settlement, Payment and request for closure, the card account continues to be open. He Writes as Follows, [65692]

I have a Standard chartered credit card. When I applied for that card I was under the impression it was life time free card. Now every year they apply annual charge for the services.I have cleared all the due amount and requested them to cancel my card service multiple times. But they are not cancelling my card and also applying late charges every month. I have attached the

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SnapDeal Shopping is Secured for Credit Cards

September 25, 2013September 24, 2013 by CardBhai

I was planning to BUY a Book and found it to be cheaper on SnapDeal and instantaneously jumped in to BUY the same. Registered for the first time and was almost ready to provide my Credit Card details thinking that a popular site like SnapDeal would have https [secured] connection carrying consumer credit card details.

However, I cross checked as always and couldn’t see the “Lock” icon on the browser nor the “https”. With so many browser upgrades I thought it could be hidden and right-clicked to view the page properties. It was only then my suspicion was confirmed that SnapDeal Credit Card Interface was on an unsecured Network. I am attaching a Screenshot of my bitter

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Missed Call to be used for Credit Card 2nd Factor Authentication in Online / Mobile Transaction

July 17, 2020July 26, 2013 by CardBhai

After looking into Massive Credit Card Frauds in Online Transactions happening Abroad for Cards Issued in India, CardBhai – Credit Advisory floated the idea of 2nd Factor of Authentication for Card Not Present Transactions such as Online Shopping. Earlier in March, the RBI mandated Credit Card Issuing companies to upgrade their systems for Additional Authentication for Online Transactions. HDFC Bank went a step ahead and gave consumers a choice of One Time Password sent to their Mobile which could used to complete the Online Transaction.

Now for the second factor of authentication banks have come up

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RBI to Penalize Banks for Unsolicited Cards & Actions – Empowers Customers

April 10, 2020July 2, 2013 by CardBhai

After Years of Pleading with the Banking Regulator, RBI has finally obliged to our requests made over the last several years to Penalize the Banks for Unsolicited Actions.

Indian banks in greed for Profits resorted to unethical business practices of issuing Unsolicited Credit Cards. RBI in its MasterCircular dated 01-Jul-2013 with reference no- RBI/2013-14/60 DBOD.No.FSD.BC.4 / 24.01.011/ 2013-14 has clearly stated that

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Smart Shoppers can explore American Express & Payback Credit Card

June 22, 2013June 22, 2013 by CardBhai

World’s 3rd Largest Credit Card issuer, American Express has joined hands with Payback Network and launched American Express Payback Credit Card for the Smart and Savvy Shoppers with multiple benefits. Yes this is a Credit Card and not a Charge Card like AMEX Platinum or AMEX Gold Card [Charge Cards are the ones where you have to Payback the Bill in full at the end of every Billing Cycle]

The Payback card is designed for consumers who shop and organize their

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Central Bank of India to Launch – Debit Cum Credit Card

May 29, 2013May 29, 2013 by CardBhai

State owned Central Bank of India has embarked on an innovative product for Indian Consumers – Debit Cum Credit Card which will be launched very shortly according to the management of the bank in a release to CardBhai. The Card will automatically act as a Credit Card when Customer’s Bank account Runs out of Funds which is linked to the Debit Card.

S Das Gupta GM of Cards Division told,

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