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Posted On :- 30/03/2008
 
Question Asked :-  
 
HOW I CAN MANAGE MY ALL CREDIT CARDS FROM DIFFERENT BANKS.WHEN WE STARTED OUR BUSINESS IN YEAR 1999,OUR INCOME POTETIAL WAS VERY HIGH,AND BUSINESS NEEDS MONEY,CREDIT CARDS ENTERED IN INDIA,TO RUN BUSINESS FAST AND EASE WE GOT A CREDIT CARD LIMIT WAS 31000/AND WE PAID IN FULL AND SOME TIME MIN.AMT,RATE OF INTREST WAS 2.95% BUT NOT SHOWN IN A MONTH,AS IN INDIA IT IS CALCULATED ANNUALLY.MY ALL CREDIT CARDS ARE BLOCKED,WE PAID TOO MUCH AMT TO USE VERY LOW LIMITS. AROND 3 YEARS WE USED AND PAID LATE FEES AND INTREST RATES TO CONTINUE THE CREDIT CARDS.WE PAID 1.75LACK RS FOR 20000/LIMIT PROVIDED.WE ASKED FOR CREDIT LIMIT IS LESS PLS INCRESE.WHEN ANY ONE OF US PAID RS 1.75 LAC,IS THERE ANY THING MORE TO KNOW THE CUSTOMER IS LOYAL LAST 3 YEARS.WE STOPPED EVERY THING AND MAKE COMPLAINT TO RBI.WHENEVER WE ASKED FOR REDEMPTION OF REWARD POINTS NEVER REEDEEMED. WE S  
 
Answer :-  
 
Banks increases the credit limit based up on the Income and Credit repayment history.For redemption for rewards points, kindly contact the bank  
 

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