A must read for all those who use Credit Card....

You all might be aware about the interest rate your credit card charges ...1.5%, 2.4% or 3.1% .. and in case of default etc 3.4%..... But are you sure how they calculate it?

Lets Start with an Example

Month Bill - 30,000
Minimum Amount Due - 6,000
You have paid - 29,000...... and then next month say you have 40,000 Rs bill... what do you think will be Interest Amount? .....

If your answer is not close to 1500-2000 you are wrong.....

Because since you have not cleared your last payment i.e. you have made a part payment... so you are not a standard asset.... you all transaction of 30,000 will be charged interest at the rate 3.4% (irrespective of your card, as you are Part Payment account) from the date of shopping to the date of bill payment... and as an icing on the top.. all your fresh transactions of 40,000 will also be charged at 3.4% as you are a "Part payment" account...

Strangely this information is available on all credit card forms you fill...further they send you this information again with every bill.... If you don't trust me .. just check the back of your bill

Hey Superman!

What do you call a person whom you can risk to hit as hard as you can without hurting, without having the fear to lose. "Superman"? .. Or... "Friend"...

I have been lucky to meet one (for sure) such person in life, and i know for sure that i cannot do anything ever which can break the friendship between us... as we know that the eavry slipper we are throwing upon each other is just to "Hit" ... Every slap we are giving each other is just a "hit" on the face ... nothing more .... Still if i would have ever done anything which was way out of the line would like to say ... Sorry! .. Yes It was unnecessary but I dont want to take any chances with the most precious gift given by the life.

For all other who are reading this . you should certainly envy me as I know where the superman can be found...