Credit card comparison
Banking has advanced much , and the much needed money both direst and indirect , the latter in the form of commodities purchased , is no more scarce. The purchasing power of the common man is enhanced by the plastic culture which of late is assuming proportions beyond imagination.Banks vie with one another in luring customers with offer of credit cards for free until \'life time\'. This boom is perceived in the last two years.
This kind of invitation in fact sidelines the old customers who have to pay quite a solid sum towards annual fee whereas the fee is waived for new customers. The systematic and unfaltering credit card users for years thus stand bereft of preferential treatment.
Banks have the concomitant risk of losing their money in the case of credit card holders dying of either an accident or from terminal diseases. Safely , banks go in for insurance for the credit card holders, and in case of any eventuality the banks do not suffer, financially speaking. Certain banks have abruptly dispensed with this system of insurance and in case of the unexpected demise of the card holder due to an accident or terminal diseases , the card holder's family runs the risk of being noosed by such banks. This means that such banks which augment their business through credit card holders do not have even the courtsey to pay for their insurance which bespeaks their craftiness. After all business is business !
Some banks are imaginatively humanistic as they , it seems , visualise as to the difficulties the common man has in his finances , and do not throttle him with severe financier-like interest rates. They charge a little less and are more pragmatic and friendly with the card users , sometimes even offering suggestions as to the howabouts of managing finances.
Certain banks play the \' good samaritan \' , offering balance transfer from other banks for lesser interest. Customers are persuaded to accept the scheme which looks good , and this speaks of the credit card tug-of-war among banks. However , fee of various kinds hide and haunt and torment the customers.
Other Articles
