The Indian Regulator(RBI) is doing its best to prevent Plastic Money Fraud. However, over the decades Plastic money fraudsters have existed and come in a whole new way to rip off our hard earned money. Increased online shopping , the growing acceptance of debit cards combined with the increase in types of frauds and the need for something that helped with the new frauds was the trigger.
OneAssist Consumer Solutions Pvt Ltd, funded by Sequoia Capital and Lightspeed Venture Partners has launched an enhanced product for the assistance and protection market. The New WalletAssist covers all kinds of fraud on debit and credit card . It covers card skimming, Read the rest of this entry »
A reader of our Site Shares his Review on the SBI Cards as follows,
It has been almost a year now I am trying to contact SBI authorities for unblocking my SBI Credit Card with number 5241 8264 3405 6616 . The Calls at SBI Customer care are PUT ON HOLD for extra long hours. The response is too late and ruthless “you can try” The unfriendly and anti -customer attitude towards the customer by your executives. I am using ICICI, American Express, CITI Cards and Standard Chartered bank credit cards as well. With none of the banks I had this irritating and frustrating experience. They are so customer friendly & act on time. Here is the detailed description of all the ill experience I had with your bank:- First of all your CC number is not toll free and on contacting there it take us at least Read the rest of this entry »
Despite so many checks to prevent fraudulent transactions, they are still rampant in India and this happens in the Card being present mode. One of our Reader Writes to us that, he is a customer of SBI GE Doctor Credit Card. 
I want to inform you that there had been made a transaction of Rs 6999.00 on my SBI card 4317541049402012 on 10 august 2013. which I had not made and then immediately I request the SBI customer care help line no 18001801290 through phone on 11 august to block my card Read the rest of this entry »
It has come to our light that a New Kind of Credit Card Fraud Racket is operating in India using the Telephone and IVR [Interactive Voice Response] mechanism. How is this Credit Card Fraud Ring Operating ? A Reader shared his story with us.
A person called from Delhi from the Number +911204835500 named as Arthi and told that the call is from HDFC Bank Credit Card department. As I am a preferred customer of HDFC bank credit card, I will receive some discount cards with other benefits like cash discounts Read the rest of this entry »
It is not uncommon to see that Credit Card companies are unwilling to close Card Accounts of Long Standing Good Customers who have established good History. Such is the case of one of our readers who has a StanChart Credit Card and despite Full & Final Settlement, Payment and request for closure, the card account continues to be open. He Writes as Follows, 
I have a Standard chartered credit card. When I applied for that card I was under the impression it was life time free card. Now every year they apply annual charge for the services.I have cleared all the due amount and requested them to cancel my card service multiple times. But they are not cancelling my card and also applying late charges every month. I have attached the Read the rest of this entry »
Even with the New RBI Governor in Place sending strict warnings and signals to the Private Banks not to indulge in practices that take consumers for a ride, ICICI Bank which has gotten aggressive to expand its retail portfolio is extending credit cards but unable to handle the Grievances related to the same. A Reader of our website, Shounak from Mumbai wrote in as follows,  Read the rest of this entry »