Axis Bank Credit Cards Offering the Lethal Credit Shot to Eliminate All the Financial Insurgencies
February 23, 2010scfm 18 Comments »After witnessing the rampage caused by the liquidity crunch, thinking about employing credit services to good use could only be taken as a dream. Quite possibly so, since after mayhem caused by the global crisis, arranging credit in any form has become an uphill task. This daunting challenge of arranging credit, in turn has imparted the much-needed exposure to the credit cards which has resulted in phenomenal growth in the recent time period, beating that of debit cards.
The remarkable success after a lean patch helped credit cards to gain a strong foothold in the industry. When the economic crisis forced an entry into the economy, the whole banking sector with a view to safeguard liquidity, refused to entertain the business-centric loan request. This exposed all the weakness of the small and medium sized business concerns ie capital in store. This created a void between the capital alternatives and the business entrepreneur, which instead turn out to be a golden opportunity for all the credit card agencies who seized it and used it to great effect. Yes, credit card turned out to be a friend in need for this needy class who reacted quick enough to recognise the significance of this finance channel. What more, it was the only channel that in the most adverse economic conditions imparted fluency to their business operations. The same goes out for the Axis Bank credit cards who aim to deliver perfection in their each endeavour as an efficient credit arranging agency.
Axis Bank credit cards offer a wide range of credit card products to its customers. Axis Bank which possesses a rich portfolio that includes marvellous banking products and services which have been specially framed to satisfy almost all kinds of demands from customers behalf. As far as the credit card portfolio is concerned, Axis Bank has 16 different credit cards to his name, each catering to a predefined set of customers demanding particular services.
One of the Axis Bank credit card is Axis Bank Subhiksha Credit Card. This is one card that has been specifically conceptualised to serve to the demands of households. Yes, now the customer with this card not only can avail the benefits of funding his daily and timely needs but can also purchase the daily food items from the nearest Subhiksha outlet, where he will win the chance to earn discounts and offers on his purchase. Another popular Axis Bank credit card is the Axis Bank eShop Card. A card that aims to fulfil all the needs of the customers conducting purchase via Online method.
For its rich and affluent class customers, Axis Bank offers Axis Bank Platinum credit card. A one all card that focuses to bring the best for its users. Best personalised treatment, intensive insurance cover along with cash advance facility are some of the high points of this unique credit card from Axis Bank. What more users also get an access to various platinum offers and luxurious services.
All in all Axis Bank credit cards are the best in the entire credit business segment. However, Barclays Bank credit cards, ICICI credit cards, American Express credit cards and several others too are offering the best services in the league.
Question about bank credit
How often does Household Bank report to credit bureaus?I recently got a Household Bank credit card in order to help build up my credit score. I have only used the card for small purchases and have paid off the balances for 2 months (the amount of time I've had the card) but no payments have shown up on my credit report as of yet. I was under the impression that Household Bank reported to the credit bureaus every month. Does anyone know when the payments might show up?
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Tags: Axis Bank Credit Cards, Barclays Bank Credit Cards, Funny Viral Video, hdfc bank, Indian viral
Posted on February 23rd, 2010 at 7:06 am
The report says you have the card and all the info about loan type and terms etc. and only when you don't pay or a late payment do they report it. The credit report is not an accounting balance sheet. Every month the credit reporting agencies get bad debts for the information to build credit reports. Once you have a good report, they don't need to keep reporting every time you write a check already.
Posted on February 23rd, 2010 at 7:23 am
To correct mindlessnick, all credit unions are insured by either (or both) NCUA or ASI. FDIC does not insure credit unions
Posted on February 23rd, 2010 at 7:37 am
Are you a bank stockholder?
Posted on February 23rd, 2010 at 7:49 am
The bank charges you almost like a "planned" fee instantly. It takes a few days for the final fee too show up because the bank goes through a paperwork process kind of deal.
Posted on February 23rd, 2010 at 3:42 pm
Credit unions pay higher interest on your money that alone is enough to switch.
Posted on February 23rd, 2010 at 4:32 pm
So change to a different CU. I guarantee it’ll beat changing back to a bank. I actually liked my bank (Washington Mutual) but like so many others they gambled away their money and crashed and were soon taken over by Chase. Banking with Chase is a terrible, terrible experience. So off I went to my union-sponsored credit union. Man, am I happy. I’m now able to refinance my car with a lower interest rate and I get the hands on approach at my local chapter. It’s even made me more cautious with my $
Posted on February 23rd, 2010 at 9:52 pm
You're just going to have to give it time. If your credit isn't up to par when you apply, there is no way to appeal the credit card company's decision. I would wait another 6 months and reapply.
Posted on February 23rd, 2010 at 11:44 pm
Not without a Judgment against you, and if you are in Texas they Cannot Take that Out anyway. Even if they have a Judgment Against you. All they can do is list it as a Bad Credit Rating.
Posted on February 24th, 2010 at 4:24 am
No, you can have a credit card without having a checking account at the same bank. I have credit cards from banks where I never had accounts, and I still have two Bank of America credit cards even though I closed my Bank of America checking account. Why I have two Bank of America credit cards is another story.
If the credit card is paid automatically using the checking account, you do have to make arrangements to pay it another way. Closing the checking account does not exempt you from paying the credit card bill. Obviously.
Posted on February 24th, 2010 at 10:37 am
Good job Dave.
Posted on February 24th, 2010 at 3:32 pm
yeah i finally got a job and closed my bank account at bank of america so goodbye to all their fees and crap im going to a credit union but which one is good?
Posted on February 24th, 2010 at 4:28 pm
Actually., that’s not 100% correct. Banks are insured by FDIC and most Credit Unions insured by NCUA. Both FDIC and NCUA are Federal Insurance Agency of the US Government. Both insurance coverages mirror each other with basiclly no difference. However, some credit union may select to be “State Charter” for various business reasons and are insured seperately by private insurance carriers such as ASI, etc.
Posted on February 25th, 2010 at 3:18 pm
Not sure which one they pull from, but..they are one of the easiest to get a credit card from. Just make sure if you do get one you pay on time…they have a tendency to call if you are one day late..and it's all day long everyday until they get the payment. I had one…won't deal with them again.
Posted on February 25th, 2010 at 7:17 pm
Nice Video, so true
Posted on February 25th, 2010 at 9:12 pm
That is EXACTLY how you will be sued. We have so many stubborn people in our court who come in guns blazing, ranting and raving about how they're being deceived and their case is fraud, etc etc etc because they never had an account with their Plaintiff. Visa is not going to sue you. Mastercard is not going to sue you. Chase is not going to sue you. They will refer your account to a collection agency. If you don't comply they will send the account to an attorney who will file suit against you. If you still don't comply you will have an incredibly inflated judgment against you. They will add in all sorts of penalties, fees and costs. It's best you use your energy to pay this off rather than trying to fight it in court. You will lose.
Posted on February 26th, 2010 at 5:26 am
Financing through your credit union can be a blessing, or a curse. A lot will vary depending on the size of your credit union. Interest rates at smaller credit unions can vary dramatically depending on the amount of money they have available to lend. One day they can be considerably cheaper than the marketplace, and next week be 1-2% higher. Check your rates in advance.
Larger credit union's rates tend to be more stable with the marketplace, but frequently are less that market. It is good to be prequalified for that reason and use that information to go shopping. Find out what rate the dealer can get for you. If it is more than the credit union, then (and only then) tell them what rate you can get from your credit union and ask them to beat it. If you tell them the rate before they show their hand, they will only drop it enough to beat the rate (if they can), but if their rate can be even lower the dealer will not drop it any more than they have too.
Know under what terms your credit union will finance. If it is new them may finance MSRP (sticker price), plus taxes, license, title, fees, etc. However, if it used, they may only cover what a certain book says it is worth plus some extra and that may not be enough. That is when running back and forth to the credit union to find what they will loan on the car can take place and the vehicle can get sold.
However, some larger credit unions have indirect lending already set up at the dealership and the dealer can handle the loan processing right there saving you time and money.
But always, always check terms and conditions, and maybe preapproval, with your credit union first.
Posted on February 26th, 2010 at 12:11 pm
The report says you have the card and all the info about loan type and terms etc. and only when you don't pay or a late payment do they report it. The credit report is not an accounting balance sheet. Every month the credit reporting agencies get bad debts for the information to build credit reports. Once you have a good report, they don't need to keep reporting every time you write a check already.
if you are looking for the free credit report usa national site, check out this site
http://free-credit-report-national.com/
Here you can check your 3-in-1 Report from all three credit reporting agencies and your credit score rating.
Posted on February 26th, 2010 at 2:55 pm
Excellent video, great message and lots of fun playing off the Mac / PC format.
But what is the deal with some of these posts? Lots of angry folks out there. Do yourself a favor, drop your bank an find a CU in your community. Don’t like the one you’re with, find another. Focus on products you use, especially on lending side (credit cards in particular as you use that loan product an average of 15 times a month) — and make sure fee structure is reasonable. Then move your business there!