The problem is to have 100% payment done automatically through my account I have to visit their branch which is a big hassel.
When you apply for the card they come to the office with all the forms, at that time itself they should provide this information about the reapayment schedule that by defalut there would be only 3% of outstanding repayment and if I want to make 100% repayment then I have to sign another form. Then its acceptable.
I have not heard any other bank having this practice of recovering only 3% as repayment by default. Another bigger surprise was the cancellation charges which is stupidity.
The problem is to have 100% payment done automatically through my account I have to visit their branch which is a big hassel.
When you apply for the card they come to the office with all the forms, at that time itself they should provide this information about the reapayment schedule that by defalut there would be only 3% of outstanding repayment and if I want to make 100% repayment then I have to sign another form. Then its acceptable.
I have not heard any other bank having this practice of recovering only 3% as repayment by default. Another bigger surprise was the cancellation charges which is stupidity.