Citibank & ICICI Bank - Credit card division
Action for not paying the credit card bill

Dear All,

Can any one from the bank explain me that what kind of action the bank will take for not making the credit card bill payments?

I like to share one case of my friend who misuse the credit card for his royal life. But see the action the bank taken on him.

My friend has made a purchase for Rs.60, 000/- & above and didn’t made a payment for more than 2 months. The bank people called him for settlement and after face to face discussion he was asked to pay only Rs.8, 000/- as settlement & cancelled his card. There is nothing to pay after this.

2nd case - same friend has got another card from other bank & he made the same thing. He was called & were asked to pay only Rs.6000/- as final settlement.

As this kind of news make the persons like me who pays the full payment in time to think not to make any credit card payments. For nothing there are the people who enjoy and this bank people will not take any action on them. Why not the bank list those people & see that they should not get any card from any bank & other loans for them.

Also i request the bank should see the person who are sincere in their payment & encourage them with additional benefits.

Kindly MNC bank should answer my query.

Company: Citibank & ICICI Bank - Credit card division
Country: India

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