This New Year Gift Your Sweetheart Jewellery WITHOUT PAYING NOW

I know females are going to love this…and some guys obviously hate, but I thought I should tell you about this. The other day I was just surfing through offers on credit card and found this one interesting.

HDFC Bank has tied up with Gili to offer its Credit Card Holders EMI Purchase of Jwellery. This is a 6-month EMI option and you know what I liked the most about this? Bank has clarified upfront that this offer has no extra cost and there are no hidden charges.

However you need to take care of a few things. I am listing the important terms and conditions in a simple manner below:

A. Offer is valid till 31^st December, 2011 only

B. Card has to be swiped on an HDFC Bank Swipe machine

C. Offer is available at select outlets. So before you go out my friend, check the list to avoid wasting time, petrol and yes a fight with your girl. ;). No…you don’t need to search it I am giving the link below for you (Say Thanks to me…LOL)

HDFC Gili EMI Offer

Happily, there doesn’t seem to be anything else that I should warn you about, but I would still advise you to read the Terms and Conditions given on above link for the safer side.

Interestingly there are other Credit Cards who have similar offers, but I didn’t find them good enough for two reasons:

They have a processing fee or an interest charge

The merchants that they have tie-ups with don’t have all India outlets

For your benefit, I am here giving the link of EMI offers on 4 other most popular cards

1. ICICI Bank Credit Card EMI Offers (Clcik to read details)

Gives you option to shop online, at retail outlets. Visit this link above and/or call ICICI Bank.

2. SBI Flexipay (Clcik to read details)

Gives you the option to convert your Purchases above Rs. 2500 into EMI for 6, 12, 24 months with 2% interest per month charge. You have to inform the bank within 30 days of purchase. Click on link above for full details.

3. Citibaknk Split It (Clcik to read details)

Gives you the option to convert your Purchases above Rs. 2500 into EMI. Interest rate charged and other conditions not specified. Click on link above for additional details.

4. Standard Charered EMI Card (Clcik to read details)

Standard Chartered has an EMI card which gives you option to convert all purchases above Rs. 2000 into 24 monthly installments. It doesn’t charge a processing fee or a pre-closure fee. The interest is charged at a rate of 2% per month. For every Rs. 1000, you pay an EMI of Rs. 53 for 24 months.

But before you make Her/Her Highness happy, you must see if you would be able to pay back in 6 months or not as it is only a credit facility and you must maintain a healthy credit score lest you are declined a personal, car or home loan.

And hey Girls, c’mon you can gift him a Gold/Diamond accessory too!!!. By the way, there is no restriction on buying it for yourself as well. 

---*Happy New Year*---

FIVE THINGS YOU MUST KNOW ABOUT CREDIT CARDS

MAKE YOUR CREDIT CARD PAY FOR YOU AND NOT VICE-VERSA


1. For maximum interest free purchases

If not urgent, plan high amount purchases for a day after the bill generation date
For Example, if your bill is generated on 15th of every month, then 16th is the BEST date to do big purchases, as the bill will be generated on the 15th of next month and you will get further 15-20 days to make the payment. It will give you a total breathing period of 45-50 days.

2. Get rewarded on big purchases

For high value purchases, see which card will fetch you maximum reward points.
e.g some cards give you one reward point per Rs. 100 purchase while others give you
up to 2.5 reward points per Rs. 100.
These reward points can get you free gifts to household articles to shopping
vouchers and even free air tickets.
BUT, have a look at the reward point (converter) catalogue of cards, because if gifts are not good enough or charge more reward points, then accumulating a lot of reward points on a particular card is a loss. Use other card, instead.

3. Balance Transfer

Always remember, banks are smarter than an average customer and will devise
schemes to trap unsuspecting customers.
For Example Headline will say ‘Balance Transfer on 0%, but there will always be
around 2% processing charges on the total amount.
Also, 0% scheme is usually given only for 2-3 months and you have to make the 5%
payment (minimum amount due) till you pay entire money, otherwise both penalty
and interest will be charged.

4. When you make payment

If you don’t pay the whole amount by Due Date
It only saves you from penalty, interest will still be levied
Interest is charged on whole amount till date of minimum payment
and
on balance amount for days till new bill is generated
your outstanding balance AND new purchases BOTH will attract interest
till such time as outstanding is cleared

5. Withdrawing cash on credit card

withdrawal charges ranging from 250-750 (varies from one bank to another) are
levied. So do this only:
-in case of grave emergency and
-when your friends/relatives have said no
Interest is charged from the day of cash withdrawal itself

*Remember, interest, penalty, processing fee and transaction charges are married to service tax and will bring in this partner along every time they themselves come...invited or uninvited.

Have a question or problem on your credit card? Mail it to me at mailnaveensoni@gmail.com and I will try to suggest you a good solution as soon as possible.

FREE MOVIE TICKETS ON CREDIT CARD !!!

You are a movie buff and book your tickets online?.

If ever in future, you login to a movie ticket website to book tickets as the cinema location suits you and your eyes sparkle to an advertisement banner saying ‘GET A FREE TICKET WITH YOUR VISA CARD*!, HOLD yourself before jumping with joy. Look at the asterisk that points to ‘TERMS & CONDITIONS APPLY’.

I have here decoded the offer and its ‘Terms and Conditions’ which are not written upfront and are in a legal format not easily understood by all. Let me simplify it for you:

1. The offer is valid on a certain category of cards viz Platinum/Signature Cards or maybe Visa/Master Card/American Express.

2. Always check the offer period i.e. an offer may be valid only till a particular date. It is possible that the website ad banner is yet to be removed while the offer has expired.

3. Very Important, there may be a maximum limit of Free Tickets per Credit Card during the offer period sometimes as low as 2-3 tickets per quarter. So if you are thinking you can take your whole group to movie at half the price, sorry to disappoint you. It also means, if you are planning to watch a new movie every week at 50% , it doesnt really happen that way.

4. Tickets per day and per show are limited, so book early. So even if you have the said card you may still not get the free ticket, as the limited number of tickets that were available may have already been taken. After you enter your credit card details at the time of booking tickets, system will throw a pop up expressing regret that the free tickets are not available or will say congratulations...your amount is reduced to half. But remember the convenience charge will not be halved.

5. Offer may or may not be available in certain categories of tickets i.e Silver/Gold/Platinum

6. Read this..the One Free Ticket shall be given out of every two tickets` purchased in the same purchase transaction. Thus, if a customer books 4 tickets in a single transaction, he will need to pay for only 2 tickets, as the other 2 tickets will be free. However, if the customer books 3 tickets, he can avail of only 1 free ticket then, and has to pay full price for the other 2 tickets. The offer is not available if only 1 cinema ticket is booked.

7. Tickets once bought in this offer cannot be cancelled, refunded or exchanged. The only way is to go at the cinema hall at the show timing and sell them near the ticket window, but this may lead to petrol and time expense. So book only when you are sure

8. An offer maynot be combined with any other offers/discounts/promotions.

Nevertheless, let me wish you all the best and hope that the seats quota isnt exhausted.
Have a good Move Time!!!