https://www.desidime.com/comments/permalink/9646586
Me and My DARK experiences with LTF CCs.
dark secrets or dark experiences of/with LTF life time free credit cards.
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their is a saying "nothing is free in life".
if some product is offered for free, that is not a product, Product is you.
As per my observation, CC companies charges ECOMS/businesses to bring new/old customers to their platform.
CC companies enhance sales by providing card discounts,NO cost emi,instant emi options to boost sales of platform.
In short we are the product they are selling to companies and making money.
what's your take?
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https://www.desidime.com/comments/permalink/9646598
please explain your art work.
i am not that artistic to understand modern art paintings.
i am not that artistic to understand modern art paintings.
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https://www.desidime.com/comments/permalink/9646854
Main business of Credit Card Companies (banks and NBFC) is JUST MDR and late charges, payment miss charges, EMI Interest.
MDR includes getting you to spend more. The more you spend, the more bank gets as 2% cut from merchant. Merchant gets 98% as revenue.
If you want to read more about this, read SBI Cards annual report. How they earn profit, from how many customers they earn profit, the size of outstanding debt, how much were credit cards used in annual year. around 70% customers are loss making for banks. but remaining 30% more than makeup for it. also, they are playing long game- maybe more customers go in debt trap, in future.
You are not the product. It is just plain capitalism. Earn more, spend even more.
https://www.desidime.com/comments/permalink/9646910
i partially agree to your post.
you must think again and then edit/take stand on last line of your post.
you must think again and then edit/take stand on last line of your post.
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https://www.desidime.com/comments/permalink/9647241
LTF cards are the bait. They just want you to miss your due dates so they can make some profits charging you with extremely high interest rates. But diligent people like me just don't let them do that 
...Even LTF cards can prove disastrous for people who are careless..
https://www.desidime.com/comments/permalink/9647496
Credit cards are side income for many nowadays, including me.
https://www.desidime.com/comments/permalink/9647563
interesting.
please tell more
please tell more
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Main business of Credit Card Companies (banks and NBFC) is JUST MDR and late charges, payment miss charges, EMI Interest.
MDR includes getting you to spend more. The more you spend, the more bank gets as 2% cut from merchant. Merchant gets 98% as revenue.
If you want to read more about this, read SBI Cards annual report. How they earn profit, from how many customers they earn profit, the size of outstanding debt, how much were credit cards used in annual year. around 70% customers are loss making for banks. but remaining 30% more than makeup for it. also, they are playing long game- maybe more customers go in debt trap, in future.
You are not the product. It is just plain capitalism. Earn more, spend even more.