Okay, so today I got cyber-scammed !

Sentinel

Bionic Poster
#51
Credit Card?

I use PayPal for online purchases.
How do you know someone at paypal wont steal your info.

I do keep putting money into something called PayTM which is for micropayments. I pay all my utilitities from that. But I am worried that they have my credit card info and might misuse it.

I also thought that credit card was not as safe as debit card since CC allows you to spend way over your amount, and also they keep raising your credit limit. I had a Citibank cc in the 90s and they kept raising my limit and that really frightened me that someone could misuse my card.

How is CC safer than DC ?
 

Sentinel

Bionic Poster
#52
Someone stole about $50-$60 bucks? Won’t the bank just give it back to you? Even if not, are you really going to waste your time on $50?
They've returned my 60 bucks but the one dollar is still not returned.

I am at Amsterdam staking outside American Foundation where the low-life spent one dollar using my card.
I am on the lookout for a seedy looking, blonde haired, roughly 26 year old guy, unkempt hair, unshaven punk.

I've got a King Cobra in my pocket and I gonna take out this scumbag with neurotoxins. Within a few minutes paralysis will set in and his lungs will stop functioning. I don't care if he has an old man back home waiting to him, or a wife and a one year daughter. I just don't cair.

I want revenge. I am lying in wait.
 

Tennease

Hall of Fame
#53
How do you know someone at paypal wont steal your info.

I do keep putting money into something called PayTM which is for micropayments. I pay all my utilitities from that. But I am worried that they have my credit card info and might misuse it.

I also thought that credit card was not as safe as debit card since CC allows you to spend way over your amount, and also they keep raising your credit limit. I had a Citibank cc in the 90s and they kept raising my limit and that really frightened me that someone could misuse my card.

How is CC safer than DC ?


Debit vs. credit cards: Which is safer to swipe?

By Melanie Hicken December 20, 2013: 6:25 AM ET


While the tens of millions of Target shoppers who had their credit and debit card information stolen likely won't be on the hook for any fraudulent transactions that may occur, debit card users could face much bigger headaches than credit card users.
That's because debit and credit cards are treated differently by consumer protection laws. Under federal law, your personal liability for fraudulent charges on a credit card can't exceed $50. But if a fraudster uses your debit card, you could be liable for $500 or more, depending on how quickly you report it.
"I know people love their debit cards. But man oh man, they are loaded with holes when it comes to fraud," said John Ulzheimer, credit expert at CreditSesame.com, a credit management website.

Related: 4 things to do after your credit card has been hacked
Plus, if someone uses your credit card, the charge is often credited back to your account immediately after it's reported, Ulzheimer said.

Yet, if a crook uses your debit card, not only can they drain your bank account, but it can take up to two weeks for the bank to investigate the fraud and reimburse your account.

"In the meantime, you might have to pay your rent, your utilities and other bills," said Beth Givens, director of the Privacy Rights Clearinghouse. The organization recommends that consumers stick to credit cards as much as possible.
Related: How not to get hacked
Whichever card you decide to swipe, here are ways to protect yourself from scammers.
Be vigilant with your accounts: The Target (TGT)hack is just the latest in a long history of data breaches, and it likely won't be the last.
As a result, you should check your debit and credit account activity at least every few days and keep an eye out for any unfamiliar transactions. If you notice anything fishy, notify your bank or credit card company immediately.
"Waiting until the end of the month to check out [your] credit card statement for fraudulent use is a relic of the past," Ulzheimer said. "Fraud is a real-time crime, and we as consumers have to be constantly engaged."
Set your own fraud controls: Financial institutions have their own internal fraud controls, but some transactions can slip through the cracks, said Al Pascual, senior analyst of security risk and fraud at Javelin Strategy & Research.
Many financial institutions will let you set alerts for account transactions. Even better, some allow you to block transactions that are out of the ordinary for you, such as for online purchases at a certain kind of retailer or for any purchases over $500.
Related: Biggest credit card hacks
"We believe that consumers are going to know best as to how to protect their account," he said. "They know their own behaviors.





Play Video

Hackers' next target: Your pacemaker
Watch out for fraud hotspots: You should be especially wary of using a debit card online and at retailers more vulnerable to fraud.
Gas stations and ATM machines are hotspots for so-called "skimmers," machines that scammers install to capture your card information. Watch out for ATM parts that look unusual and always cover your hand when typing your PIN in case a camera is watching, said Shirley Inscoe, a senior analyst with the Aite Group.
Don't let your guard down: If you think your information has been compromised, don't assume everything's fine after a few months. Stolen card information is often sold to a variety of groups on the black market who may hold onto it for months or even years.

"Many times these fraud rings will wait until the news dies down and people have forgotten about it before they use that data," Inscoe said. "It may not be used until next winter, so it really is a good idea for people to monitor their activity."

https://money.cnn.com/2013/12/20/pf/expert/debit-credit-cards/index.html
 
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#54
They've returned my 60 bucks but the one dollar is still not returned.

I am at Amsterdam staking outside American Foundation where the low-life spent one dollar using my card.
I am on the lookout for a seedy looking, blonde haired, roughly 26 year old guy, unkempt hair, unshaven punk.

I've got a King Cobra in my pocket and I gonna take out this scumbag with neurotoxins. Within a few minutes paralysis will set in and his lungs will stop functioning. I don't care if he has an old man back home waiting to him, or a wife and a one year daughter. I just don't cair.

I want revenge. I am lying in wait.
Don’t tell the ladies in Amsterdam that you have a King Cobra in your pocket
 
#59
My grandma looked terrified today seeing my beard.

But she’s always terrified I’m just ugly
They've returned my 60 bucks but the one dollar is still not returned.

I am at Amsterdam staking outside American Foundation where the low-life spent one dollar using my card.
I am on the lookout for a seedy looking, blonde haired, roughly 26 year old guy, unkempt hair, unshaven punk.
Wait...
 

Sentinel

Bionic Poster
#63
@tusharlovesrafa

Since you are working at ICICI, wanted to ask you if they issue credit cards too.
Do you think it is safer for me to switch to an ICICI credit card as opposed to debit ?

People here have posted about that, and i want to confirm that the same holds true in India and with an ICICI credit card.

I will ask my RM too but i wanted an answer from someone not involved.
 
#66
I don't want the marketing stuff, old man. I can ask my RM too.
I wanted something honest from tushy.
ICICI rejected me CC. So I opened a fixed deposit for 60k at SBI. Then I used it to get a SBI CC. I was allowed to use 80% of 60k and have to repay it within 20 to 50 days.
The yearly fees was 3k and they gave me a voucher worth of 3k for it. But once they stopped giving vouchers, I cancelled the card. :p Whenever I made payments in quick succession, they call me immediately to verify if it is me. Then I will have to confirm it.
 

Tennease

Hall of Fame
#67
25+ Best Credit Cards in India with Reviews (2019)

https://www.cardexpert.in/best-credit-cards-in-india-with-reviews-2019/

Best Lifestyle Credit Cards
Lifestyle cards are nothing but the cards that suits almost everyone for any kinds of spends, be it dining, online shopping, etc. Hence, these are all-rounder cards used by vast majority of users and it is easy to get approved as well.

  • Suggested income: 6 Lakhs+
  • Suggested spend: 3 Lakhs+
1. SBI Prime
SBI Prime Card
SBICard Prime is one of the best credit card in India for many cardholders since 2017. From milestone benefits to lounge access, SBI Prime has everything you need under single roof and that too with a renewal fee waiver on 3 Lakh spend. USP of this card is that you can use it to pay your house rent and get a great reward rate on it. So 3L spend shouldn’t be tough to achieve.


2. HDFC Regalia First
HDFC Regalia First Credit Card
Unlike SBI Prime which is a paid card, HDFC Regalia First mostly comes at free of cost, which fits well for those who are not comfortable in paying joining fees. The best part of HDFC cards are its merchant offers, as very often you get 5X/10X promos which will increase the reward rate of this card to the roof. I suggest you have at-least one HDFC credit card in your wallet and this one is good to start with.

3. Amex MRCC
American Express Membership Rewards Credit Card
American Express Membership Rewards Credit Card (MRCC) is the best way to get into the world of Amex. If you use this card just to get the 1000 MR points monthly by spending Rs.1000*4 times, you can easily get a return of more than 10%. Apart from that, you will also get access to the Amex merchant offers which are very lucrative most of the time.

4. SBI SimplyClick
SBI Simplyclick credit card
If your spends are mostly into online and is less than 3 Lakhs a year, you could prefer Simplyclick. With SimplyClick card you get accelerated rewards on few merchants as well. It also comes with sweet milestone benefit (Cleartrip vouchers) that makes this low annual fee card Click!


5. ICICI Coral Amex

ICICI Coral Credit Card is the beginner range of credit cards in the ICICI Bank’s Gemstone Credit card collection. If you really want a credit card from ICICI, this is probably the only best credit card that makes sense in lot of aspects: Low fee, decent benefits & ICICI amex offers.

6. ICICI Amazon Pay

If you want a FREE credit card from ICICI, Amazon Pay credit card is the best one out there. It’s also highly rewarding for the spends on Amazon.

7. RBL Platinum Delight

I wouldn’t really suggest RBL credit card unless you’re already banking with RBL and got a chance to get a card from them. Just like Amex MRCC, this card too gives 1000 Points on spends of Rs.1000*5 times a month which can get you a reward rate of ~5% on spends of around Rs.60,000 a year.

8. Standard Chartered Manhattan

Standard Chartered has very good cashback offers with Uber and so holding this card is one of the best way to save on your cab expenses. They also keep adding new merchant offers every now and then that are really useful. So if you’re going for SC for any reason, Manhattan is good to start with.
 
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Tennease

Hall of Fame
#68
Best Premium Credit Cards
Premium credit cards comes into picture when your lifestyle falls bit beyond ordinary. Premium credit cards are kind of upgraded versions of the lifestyle cards that we’ve seen above.

It comes with more travel benefits like domestic and international lounge access, better reward rate on high spends, etc.

  • Suggested income range: 12 Lakhs+
  • Suggested spend range: 6 Lakhs+
1. HDFC Regalia
HDFC Bank Regalia Credit Card
It’s HDFC’s flagship credit card and has its name and fame for many years in the industry. Consider it as an upgraded version of Regalia First which we saw above.

Low foreign currency markup fees on international transactions, 5X/10X rewards with selected merchants are some of its benefits. Newly added milestone benefits increases the overall reward rate to 2% upto 8L spend.

2. SBI Elite
SBI Card Elite
SBI Elite is one of the best premium credit card with the ability to get 2 bookmyshow tickets (not buy1 get 1) worth Rs.500 every month and is one of the best Bookmyshow offer around. It suits well for movie buffs and high spenders, as the renewal fee gets waived off on 10L spend.


3. Amex Gold Charge Card
American Express Gold Charge Card (India)
  • Reward Rate: 2%-10%
  • Joining/Renewal Fee: Rs.1000+GST/Rs.4,500+GST
  • Apply Now
If you’re into premium lifestyle, you MUST have at-least one of the Amex cards in your pocket. While Amex MRCC serves that purpose as we saw earlier, Amex Gold Charge Card makes sense if you need more buying power and it’s way to the Amex Platinum.

Check out 5 Reasons Why You Should Have an American Express Credit Card. Remember, its a “Charge Card” and not a “Credit card”, hence no EMI options.


4. HDFC Diners ClubMiles
HDFC Diners ClubMiles Credit Card
If you’re more of a traveler and online shopper, HDFC Diners ClubMiles Credit card will help you save quite a lot with its 10X Reward Points and complimentary lounge access. The only downside of this credit card is that its not a Visa or Mastercard but Diners Club itself and the Diners Club acceptance is not 100%. Hence you always need one backup card to be on safer side.


5. Indusind Iconia Amex
Indusind Iconia American Express Credit Card
Do you spend a lot on weekends? Consider getting Iconia Amex Credit card. I’m personally using it for fuel spends as it doesn’t have fuel surcharge at HPCL pumps. While the unlimited domestic lounge access on this card has been revoked, its still good for the reward rate & Amex Offers.

This is for credit card enthusiasts and i would not really suggest for beginners as Indusind credit card systems are not so great at the moment.
 

Tennease

Hall of Fame
#69
Best Travel Credit Cards
When your life has good amount of travel, that’s when you need to have these Travel credit cards. Travel credit cards are designed in such a way that you get travel vouchers/points instead of cashback.

Also remember, most Premium & Super Premium Credit Cards also serve as a travel card in many ways.

1. Amex Plat Travel Card
American Express Platinum Travel card is the best travel credit card in the country, hands down! Its designed for high spenders as you get ~Rs.30,000worth of travel vouchers that includes domestic travel vouchers + Taj Stay vouchers.

You get all these on spending 4 Lakhs on the card, however, your spends need to be bit higher if you’re looking for the renewal fee waiver.


2. CITI PremierMiles
Citi premier Miles (New Design)
First of all, its NOT an Airmiles card, which even most of the card holders don’t know. Citibank Premiermiles is a rewards card more like HDFC Regalia and fits well only for the Citi Priority/Gold account holders. You can also convert your points to major airlines & hotel loyalty programs.

While this card in itself is not a great card, its the way to get Citi Prestige, which you’ll see shortly.

3. Axis Privilege Card
If you’re an Axis Bank Priority customer, you can get this card for free. That being said, this card comes with decent benefit for travellers in terms of Yatra voucher redemption options. Not a great card, but if you want non-airline card from Axis, it would be this.

4. SBI IRCTC Card
IRCTC SBI Platinum Card
  • Reward Rate: 1%-10%
  • Joining Fee: Rs.500+GST
  • Apply Now
With SBI IRCTC credit card, you have a chance to save upto 10% on your train tickets and redeem them back for train journeys. If you travel by Indian railways very often (40+ trips annually), consider going for this card.

5. ICICI Makemytrip
If you can make use of the Lemon Tree hotels voucher that comes with the card, you will find a good value in the product. It also comes with benefits like railway lounge access/ airport spa sessions.

So it may be good for some, but not to me, for now. But as unfortunately not many credit cards in India are tagged as “travel card”, this card made it to the list.
 

Tennease

Hall of Fame
#70
Best Airline Credit Cards
If you’re a frequent traveller, you might also need to get one or more of the best Airmiles Credit cards.Airmiles credit cards makes sense if you fly frequently with the specific airline. Here are some of the best, after Jet Airways shutdown.

1. Axis Vistara Infinite
The newest airline in India has one of the best rewarding credit card in the Industry. Apart from the welcome voucher, this card gives upto 3 Business Class vouchers based on your spends and the reward rate is as unbelievable as ~15%.

It is also by far the easiest and fastest card to earn business class vouchers as Axis bank and Vistara has wonderful integration in place to post the points & vouchers to account faster.

This card needs 7.5L spend to maximize the benefit. if your spends are bit low, you may also go for the Vistara Signature variant.

2. SBI Air India Signature
No one is actually interested in flying Air India isn’t it? Well, this card gets you access to other Star Alliance Airline partner as well, like Thai Airways & Singapore Airlines, which makes it worth giving a try.

Fortunately, even Air India has decent product as i flew on one of their Dreamliner recently. Check out my first flight on: Air India 787 Dreamliner Business Class


3. Etihad Guest SBI Premier Card
If you’re flying Etihad often, it makes a sense to hold this card as it gives you the Gold tier which comes with a lot of benefits. But if you’re not into Etihad, its not the card for you.
 

Tennease

Hall of Fame
#71
Best Super Premium Credit Cards
With over 2 Lakh+ High Networth Individuals (HNI) living in India, they certainly need special attention, don’t they?! So banks have super premium cards that comes with higher credit limits, unlimited lounge access, highest reward rate & much more perks.

  • Suggested income range: 25 Lakhs+
  • Suggested spend range: 10 Lakhs+
1. HDFC Infinia
  • Reward Rate: 3.3% – 33%
  • Joining Fee: Rs.10,000+GST (Free for select accounts)
  • Full Review: HDFC Infinia Review
India’s most Prestigious Infinia Credit Card comes with a minimum credit limit of Rs 7 Lakhs+ and the unique NPSL* (No Pre-set Spending Limit) feature makes it stand out. HDFC’s most popular 5X/10X rewards promos with select merchants makes it one of the highest rewarding credit cards in the country.


2. HDFC Diners Black
HDFC Diners Black Credit Card (NEW Design)
With its lucrative 10X reward points program, its undoubtedly the best Credit card in India, especially for travellers. Even without the 10X points, it comes with a great reward rate by default, as good as HDFC Infinia.

Only downside though is lower acceptance of Diners cards in India compared to Visa/MasterCard, which means, you have to keep a backup card handy.

3. Standard Chartered Ultimate
Standard Chartered Ultimate Credit Card (India)
Just like HDFC Infinia/Diners Black, Stan. C Ultimate card too comes with 3.3% reward rate. And the greatest advantage over HDFC is that you can also redeem your reward points for Amazon Voucher (temporary benefit). But it lacks the unlimited lounge access benefit.


4. Citi Prestige
  • Reward Rate: 2% – 10%
  • Annual fee: Rs 20,000+GST (Free for Citigold & Private Clients)
  • Full Review: Citi Prestige Review
Citi Prestige is a bit different card compared to the regular rewards cards. Despite being an expensive card, you get maximum benefit IF & ONLY IF you know to play the airmiles game. Holding Citi Gold/private account will further help you get accelerated rewards. If you are doing trips in APAC, this card can help you save well (Hotel+ lounge+ Limo).


5. ICICI Emeralde
This card comes with a very low reward rate on spends but if you put a value to the benefits like Spa/Bookmyshow/Wifi benefits among others, you’ll find the overall return to be reasonably good.

6. Amex Platinum Card
This card is entirely different from any other card that you see here. This is because, with any card we usually calculate the returns based on spends, but here you need to calculate the returns based on the benefits you get by holding the card, like: hotel privileges, concierge, etc.

It’s an amazing card for someone who loves luxury travel. The welcome bonus of 100K MR Points is great for the first year without a doubt. For renewal, you need to decide based on how much value you get from it.


Bonus: That all aside, its also OKAY to get Yes First Exclusive credit card just for unlimited lounge access benefit, as long as you get the card for free.

Bottomline
As I always say, choosing a credit card is totally based on the Individual’s lifestyle and spend pattern. Thumb rule is to get maximum returns via: welcome vouchers, card linked benefits & regular spends.

You shall have as many cards as you wish and all you need to do is find a strategy to get maximum value out of them.

And not to forget, credit card industry in India is rapidly changing and hence you need to be aware of the changes happening in the space to make the most out of your cards.

Hence, consider updating your strategy at-least every ~6 months to stay in the trend. You may also like us on Facebook to get instant updates on latest happenings in the industry. Peace!
 

Sentinel

Bionic Poster
#72
Thansk a lot for all the reviews.

Sounds like ICICI amazon is the best one for me.
- No joining fee.
- and i do use Amazon for a lot of shopping.

It seems to have no upper limit. So someone who misuses this card can spend as much as he wants ???
 

Tennease

Hall of Fame
#74
Thansk a lot for all the reviews.

Sounds like ICICI amazon is the best one for me.
- No joining fee.
- and i do use Amazon for a lot of shopping.

It seems to have no upper limit. So someone who misuses this card can spend as much as he wants ???
Not sure.
If you're worried, you can use debit card but just keep the balance minimal, something like 10 dollars or something like that. Only load money to it right before you purchase something online.
 

Sentinel

Bionic Poster
#75
Not sure.
If you're worried, you can use debit card but just keep the balance minimal, something like 10 dollars or something like that. Only load money to it right before you purchase something online.
There is no way I can load money into the debit card.
Whatever is not invested is lying around there.

I try to use something called PayTM wherever I can, but everyone doesn't support it.
 

Tennease

Hall of Fame
#76
There is no way I can load money into the debit card.
Whatever is not invested is lying around there.

I try to use something called PayTM wherever I can, but everyone doesn't support it.
That's different to mine. With my online banking I can transfer between my accounts instantly. So I can transfer money from my other account to the debit card account instantly.
 
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