Service Tax on Credit Card Interest.

Have you lately noticed that a 12% Service Tax is being charged on the interest component of your credit card spend ? Story doesn't end here, if you have a card with annual fees, their is a service tax of 12% on this as well. Sure FM seems to be a happy man these days filling his kitty with billions of rupees ripped from hard working Indians and let the bigger scamsters go free.

UTI Card launches Gold Business card

UTI Card today launched Gold Debit Card and Mastercard for Small and Medium enterprises in India. The advantages of this card is that daily limit for cash withdrawl is Rs50,000 and Point of Sale purchase limit is Rs2.0 Lakhs. You can use it anywhere in India while on business.

Contact your nearest UTI bank for more details.

Jet Airways and Citibank to offer Gold card

Jet Airways and Citibank are offering a unique credit card which can earn you upto 4 miles for every Rs100 spent using this card. Some of the goodies are,
1,000 miles on sign-up(only if it is approved)
Three 30% discount vouchers for tickets on Jet Airways
1 upgrade voucher after accuring 4,500 miles
Access to club premiere check-in counter, airport lounges and additional baggage allowances across India. And add your spouse and kids because you get 5 additional free cards for life :-)

And some of the phony features are,
Annual fees of Rs2,500 unless you already hold a JP Platinum citi card.
APR could be as high as 3.5% every month on outstanding balnces + 12% services tax on interest charges.
Foreign currency transactions will incur 3% of the mark-up + service tax on the mark-up.

ICICI Bank is India's largest credit card issuer

ICICI Bank leads the pack with a 30% market share and has issued 5 Million credit cards at the end of March 2006. Citibank India comes second with 2.9 million credit cards up from 2.2 million cards at the end of 2004. SBI the aggressive PSU bank with PAN India presence is close to displace Citibank soon with 2.5 million credit cards at the end of 2006 up from 1.3 million at the end of 2004.

As reporetd earlier, the average spending on cerdit card by Indians has also gone upto Rs20,000.

First Citizen Citibank Credit Card

Free for life card and Shoppers Stop gift voucher worth Rs250.
Spice up your shopping experience with more Rewards Points with your First Citizen Citibank Card. 5 Rewards Points for every Rs 100 spent at Shoppers' Stop on in-house brands. 4 Rewards Points for every Rs 100 spent at Shoppers' Stop. 1 Rewards Point for every Rs 100 spent elsewhere. These Rewards Points can be redeemed for your favourite brands at Shoppers' Stop. Plus there is much more in store for you Exclusive payment counter, Purchase protection up to Rs 50, 000 and 0% surcharge on fuel.

Grab this irresistible offer now available only to CardBhai.Com users! E-mail to get your card.