Posted in Community :
Banking & Insurance Professionals
|
Activity:
18 views;
last activity : 06 03 2011 13:59:09 +0000
|
|
|
|
1
tcmsrinivas due to high interesr rates and penalites
2
Due to financial stress
3
many shops not encouraging credit cards
4
Insensitiveness & exploitation
5
Due to additional extra service charges
6
"Modus of Sturcture not clear"
|
||||||||||||||||||||||
|
due to high interesr rates and penalites people now not using credit cards
|
4
|
0
by
Ramesh Ganesan, Associate/Senior Associate, Saud Bahwan Automotive LLC
| 06 03 2011 13:59:09 +0000
Credit card encourages person to overspend and his incapacity to repay is capitalized. the scrupulous use will entail no charges
0
by
SHRIKANT MANOHAR DANKE, Project Manager, Phadnis Infrastructur Ltd
| 12 08 2010 06:10:55 +0000
Due to confusing penalty & late payment structure for card holder.
0
by
m k mathai, senior manager, canara bank , broadway ekm
| 12 07 2010 15:04:07 +0000
yes, the unreasonably high charges if you opt for instalments. yes , the arbitrary penalties if you miss the pay date even by a few hours
|
Conscious of the need to repay credit borrowed, consumers are increasingly choosing their debit card over credit card. Contrary to expectation, the possibility of greater financial stress during the recession and beyond has not driven people to rely more heavily on their credit cards. Credit cards are perhaps decreasing in popularity as consumers are concerned about accruing large amounts of debt. |
1
|
No supporting Arguments for this idea
|
|
strange but true. many shops say pay cash and we will give you discount. a few even charge extra if you pay by credit card. probably because of the charge the shops have to pay to the credit card company.
|
0
|
No supporting Arguments for this idea
|
Insensitive to customer sustenance and exploitative approach has resulted in decreasing popularity of credit cards.
|
0
|
No supporting Arguments for this idea
|
i really dont prefer credit card.... its just like a mirage...
|
0
|
No supporting Arguments for this idea
|
Structure of interest being charged on late payment being not clear.
|
0
|
No supporting Arguments for this idea
Add your Idea
Could not find any idea interesting in:
"Why credit cards are decreasing in popularity today??" ?
Click here
to add a new idea...
Found the idea contest
"Why credit cards are decreasing in popularity today??"
interesting ?
Click here to refer to your connections and communities
Viewers also viewed
|
|
As we can see,nowadays it is so much easier for ladies to drive. Also elderly people who have... |
|
|
33 referals
15 votes,
15243 views
|
|
|
JAVA vs .NET |
|
|
0 referals
4 arguments,
722 views
|
|
|
Video by Discount Gift Cards Buy Gift Cards , Sell Gift Cards , and Trade Gift Cards at... |
|
|
0 referals
1 comments,
90 views
|
|
|
|
|
|
|
Recent Knowledge (1)
|
|
When we are watching news channels or any other channel or reading news papers you bump upon... |
|
|
2022 referals
12 votes,
211 views
|
Sponsored Jobs
More From Author
Sometimes our moeny saving thought process is narrow and we do some stupid mistakes which actually makes us spend more than we save. Such mistakes should better be avoided. To avoid first we need to know what all mistakes can we make. So let us... |
Integration of goods and services taxation would give India a world class tax system and improve tax collections. It would end the long standing distortions of differential treatments of manufacturing and service sector. The introduction of goods and... |
Ego comes naturally ..as you rise you either need to protect yourself from it or it will show its colour. Ego clashes come out of four walls in no time. |