The modern era is full of technologies in various fields, and credit cards are the ones that form a sequence of it. No doubt credit cards are very much a handy tool from its utilisation point of view, but the hazards it carries with are note worthy. Once, while responding to some ad, I was required to pay a token amount of $1. I thought it was a petty amount and why not go for an experiment. It was all a transaction on line. I got nothing in return. What was more surprising to me was that my credit card was debited for Rs.1,789/ besides the actual amount of $1 already paid. I disputed it but there was no response from the company concerned. To ensure that they do not debit my credit card fraudulently with some more amount, I had no alternative but to record ‘Stop payment’ with the concerned Bank. Further payment is stopped but the dispute so raised against the forged debit is still pending. This is something that acts as a pointer to all the credit card holders that they should never give a blank authority to any body to debit their card without fully ascertaining the bonafides of the payee concerned. Let the instance under reference act as a note of caution, hence this write-up.
6 comments:
Nice post. I went through the post I found it very informative and useful. Thanks for sharing.
Information of utility from the point of view of the users of the credit cards
very informative post.thanks for alarm
very informative and useful. Thanks for alarming.
It is quite true because such frauds happens.Few years back my had gone on tour of Europe.He used his card some where during his journey and he came back to his country.After his arrival of 2.5months form abroad he receives account statement from HDFC Bank and only then he could know that his card is used by some body else in Itlay while during this tour he has not been in Italy.He made too much correspondence with concern Bank but nothing could be tangible.After no result he knocked the door of Banking Lokpal and despite the giving clear direction by the Hon'ble Banking Lokpal HDFC Bank not refunded full amount.
Good advice.
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