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Info on credit Cards required
14th Sep 1999 Manish Jain @fnmail.com
Hello everybody, I plan to have International credit card .I am working as Software Engineer in Indore. When I contacted Citibank guys , they told me that they have stopped issuing credit cards to Fresh Software Engineers ( till the age of 28 ) . Can anybody give me info about other credit cards agents available in Indore ? Do the American Express and other banks have the same polcies ? Who other than Citibank gives International Credit Cards ( from VISA / MAster ) ? Waiting for reply , Manish P. S . Send me reply at my personal email address. [email protected]
15th Sep 1999
Kumar Nair @giascl01.vsnl.net.in
You can try for the Chartered Bank. Their card automatically becomes an International Credit Card. I dont why Citi Bank says that they do not give. Citi Bank is looking for clients Kumar Nair
16th Sep 1999
Harsh Javeri @iname.com
The American Express credit card has started Int'l coverage.
16th Sep 1999
Saumya Ganguly @yahoo.com
Hell All, The suggestion on Standard Chartered card is reasonable enough. Hongkong bank had a similar card in association with Thomas Cook. Amex cards require corporate sponsorship. But I heard somewhere that all agencies have the same policy for S/W people in the western region of the country. There's also another misnomer here. The Standard Chartered card (and I believe other "international" cards) have a limitation. 1. You can spend in a foreign currency, but you have to repay in Indian Rupees 2. The bank will accept payment if and only if an authorized foreign exchange agent endorses on your passport that you have spent this amount legally. [This means a limit of 3000 USD, for example, per year per head]. So what does it mean? You can use this card for short tours/trips outside the country. Your passport has to be back in the country before the bank sends you the statement] Or, you can use it for on-line real-time web-based payments. >P. S . Send me reply at my personal email address. [email protected] I am sending the reply to the list because the credit card companies do not come out with the limitations upfront. That leads to a lot of confusion and loss in terms of time and effort spent. Regards, Saumya
17th Sep 1999
Kumar Nair @giascl01.vsnl.net.in
I have used the Credit card already on more than two ocassions. 1. Getting the passport endorsed is no problem. The Standard Chartered bank also does this. The endorsement need not be endorsed immediately. You can do it at the end of the year as well. 2. As regard US $3000.00 , this is the FTS limit. However if you are travelling on company sponsored tours, you can use up $350 Dollars per day for hotel expenses. 3. This card is ideal for short trips abroad and one great advantage is that you can hire cars abraod. One thing for sure in the US , no rental company will give you a car without a credit card. Kumar Nair
19th Sep 1999
Man From Matunga @manfrommatunga.com
You don't need an AD certificate from an authorized travel agent anymore. You just pay by cheque as if the card was used in India. In effect, even if you have a certain FTS, it does not matter, because no one is checking anymore. Happy spending
