It is not uncommon to see Credit Card Companies offering Free Insurance with your Card. There are lot of Traps and Loopholes in the offers they make. One of our reader writes to us as follows,
I used to own a ICICI Credit card number 4477469985851008 for which I still get calls for pending payments even after settling the amount. The real issue is between ICICI bank and ICICI Lombard since I got a lucky draw offer of free health insurance for my parents from ICICI lombard. (Details given below). This mail is regarding the bill payment on credit card 4477469985851008. The bill showed a debit amount of
Read moreICICI Free Insurance On Credit Cards – Why is it a Trap ?