And now, all the new credit card customers have learnt the art of segregating the chaff from the wheat. This is good news from the customers’ point of view in lieu of the frauds perpetrated by the credit cards issuing banks.
In the past 3 weeks or so, I have read about 4 different credit card scams out of which two involved customers and two involved credit card issuing institutions.
The days of accepting credit card offers blindly are no more in the vogue. Now, we all need to gain enough knowledge about how to compare and choose credit cards.
The banks are now chasing the customers with promises of low interest credit card, balance transfer facility, maximum reward points and more.
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