SBI Credit Cards - Unethical Activities

On 31st January 2016, I renewed my Air India Signature Credit Card for one year by paying the annual fees. At the time, there was a certain scheme of reward points (Spend Rs 3L - 20,000 , Rs 5L - 20,000 and Rs 10L - 50,000). On 11th March, they sent a mail changing the scheme to (Spend Rs 5L - 20,000, Rs 10L - 30,000 & Rs 20L - 50,000) which is a drastic curtailment and also mentioning in the message "Annual spends are calculated from the date of your account opening" which implies that the effect takes place from the date of renewal. This is a curtailment of benefits with retrospective effect and according to my understanding, is against consumer rights. They can do this with effect from the next card renewal but not to those cards which have been renewed till 10th March 2016.
Request guidance on what should be done with such unethical activities of a bank like SBI ? more  

View all 27 comments Below 27 comments
Just avoid these traps. Worst is citibank and also icici more  
Don't trust the credit card companies. They are simply looters. more  
Absolutely...HDFC is much better, they are at least better in hearing your grievances..SBI has nothing to do with the credit cards division bcz it is managed by an out sourced organization..who hardly cares for the problems one goes through..I also had one & I only know how I got rid of it.. yet i am receiving mails /messages from them saying that make payment through..so..& so medium..imagine it is happening when I have settled the account by paying the whole out standing amount in one go by cheque.. ??? more  
over a period of time, we have observed that almost all Credit Cards issued by various Banks fall into the same category. If you take up the matter with the Banking Ombudsman or RBI, they may say that all the terms & conditions have already been (though in small print) and it may not be possible to stand up against a huge behemoth. It is futile & we are only wasting out time & money on things which we should be aware of. A better option will be to prefer a complaint with the relevant Consumer Court having jurisdiction over the Bank in question. more  
These credit cards are a big fraud in the end. more  
Post a Comment

Related Posts

    • H'ble SC asked GOI;- Is Govt willing to Ban Convicted Netas life long to Contest Elections

      A CJI Teared His Eyes. A CJI suggested Joint Meets of Judiciary and Executive. Another CJI deeply regretted and Seriously commented on Convicts Heading a Political Party and Share the Rule. T...

      By Csn Sarma
      /
    • Harazent by neighbor and society community

      What should we do to when a neighbor keeps harassing to us and our tenants who stay in our house which is in ozone villa society pune. When I was staying in 2014 with my six months baby and trying ...

      By Anjana P K Jain
      /
    • LEGAL AGREEMENTS

      Legal Agreements are a part of our every day life. We get into formal Agreements at various stages of our life. Parents sign on Agreements for their wards at school since minors cannot get into con...

      By VIJAYKUMAR N
      /
    • RWA Maintenance

      Hi, Would like to know is there are any court order or Law which gives flexibility for Owner/Tenant to pay the maintenance amount as per his/her convenience. Initially the m...

      By Anonymous Circle member
      /
    • Legal Position - Responsibilty of the Builder to hand over the common Assets

      We have come across a situation where our builder of a group housing of Villas and flats numbering 411 has put a condition thru some of his supporters In the RWA that he will transfer the common as...

      By LOGANATHAN KOTHANDARAMAN
      /
    • Disconnection of EB connection - to those Tenets whose license is cancelled by local body an

      Is there any judgement regarding disconnection of EB connection of a tenent whose license is cancelled by local body or panchayat and in a building which is colloapsed. Misuse of eb connection a co...

      By Ramachandran Sridhar Alias Krishnan
      /
    • THE DAUGHTER IN LAW MENACE

      The Government through the legal system has empowered women backed by commissions and other SPVs specifically created for the purpose.However law alone can not empower women and empowered women mus...

      By Prasanta Misra
      /
    • Genuine Lawyers and fake

      An Advocate ( I dont want to name) has sent me a notice submitting some false information regarding the ownership of the property from his client and threatening that he will take legal action aga...

      By Ramachandran Sridharakrishnan
      /
    • Registering a Business

      Hi, Am a working professional in a pvt ltd company. My query is while working in the company can i register a business in my name. Is there any act/law which prohibits. Thanks for your t...

      By Anonymous Circle member
      /
    • Transfer of property by gift deed

      Can a mother, having five children, gift deed her property to a particular child without informing to the other children or getting consent of the other children?

      By Amitava Dutta
      /
    • Judiciary must deliver fast & correct judgement

      As soon as a person is arrested on filing of FIR by police, & produced before Magistrates court dealing with Criminal case, the accused applies for bail & also obtains Stay before sessi...

      By Bahadur Sanjana
      /
Share
Enter your email and mobile number and we will send you the instructions

Note - The email can sometime gets delivered to the spam folder, so the instruction will be send to your mobile as well

All My Circles
Invite to
(Maximum 500 email ids allowed.)