Credit Card Banker

This query is : Resolved

Guest

Guest (Querist)

06 February 2010 I may post my query for your views.

Query :

Even though the card holder is very prompt and regular in his payments for the usage of cards, whether the bank official has a right to take a decision to close the card accounts because the offical is unable to reach the card holder and the purpose of call is merely to give updation (matter is not known) to the card holder. Is it possible by the bank and is it fair on the part of the bank ?

Await experts' views.

CS Vandana Kacholia

CS Vandana Kacholia (Expert)
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06 February 2010 well in my opinion it is possible by the bankers but not fair on the part of the bansk bcz without giving proper info bankers suspend/close the credit card account though cardholder is making regular payments.

others views are also invited.

Regards

M Prabhakar Menon

M Prabhakar Menon (Expert)
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06 February 2010 At the time of mailing the credit card to u a little read item "Terms & Conditions of Credit Card Issue" is enclosed.If u can locate it pl read the fine print.

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M Prabhakar Menon

M Prabhakar Menon (Expert)
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06 February 2010 At the time of mailing the credit card to u a little read item "Terms & Conditions of Credit Card Issue" is enclosed.If u can locate it pl read the fine print.