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Feb 16

Apple Pay on Iphone 6

I love my Fidelity Amex card, its one of the few cards that gives ungazilimited 2% cashback everywhere, all the time and without any annual fee. The cashback is yours as long as you withdraw into a Fidelity finance account.

I was reading an article wherein someone wanted to force FIA Amex to use Apply Pay, now why the hell would you want to do that. Not only is the Iphone not the defacto standard for CC carrying people, its an extra hop and extra money. This money has to come from somewhere. Apple claims that users, developers and merchants don’t need to be worried. So it leads me to believe that banks will be paying the x% extra on each swipe.

Now I am sure Fidelity is not making a lot of money at the 2% cashback they give me, they anticipate future investments into FIA hence they are providing the 2%. The extra estimated .15% makes it a bigger loss making proposition.

So if you love your credit card cashbacks and want to see them continue, lets appeal Apple to drop the fee on Apple Pay, otherwise I for one will not promote Apple Pay and will never use it and I hope you do that too.

Image: Apple Press

Dec 23

So I was new to the US with little established credit history, so little that creditkarma refused to give me a credit report citing my SSN number as too new and most credit card companies rejected my applications for the same reason.

That included Chase, Kohls and one more.


Then came along Capital One with their Journey credit card. The card offers a 1% cashback on all purchases and an additional .25% cashback if statement is paid back in full (to encourage good credit habits).

The card was originally meant for students to teach them the basics of credit but it seems like it’s a nifty tool for immigrants alike, especially those with high paying jobs but no credit history.

To give credit where its due (no pun intended), First Tech did offer me a decent credit card with a much larger credit line but Capital One is more recognized plus I plan to upgrade to the Quick Silver credit card later on. Capital One gave me a $3000 credit limit on this card which is among the highest I have seen on the Internet for this baby.

So there you have it, if you are new to the US with no credit history, apply for the Capital One Journey credit card and get auto approved in a jiffy ! There is No Annual Fee Smile

Important requirements :

  • To apply you need to be at least 18 years of age and have a valid Social Security number.
  • If you are responsible for paying rent/mortgage, then your annual income must be greater than your annual rent/mortgage payments.
  • Approval is based upon satisfying Capital One’s credit standards.

Sep 15


I have been a Standard Chartered Manhattan Platinum card customer for over an year now, the limit which the bank gave me was Rs.x, x is approximately 1/4 of my monthly in-hand salary. Since I got the card I have been surprised about how they arrived at the limit.

I had 2 other credit cards, one of which I have since surrendered. The limits on those were 2.5x and 10x respectively. Of course I know it’s the bank’s prerogative on assigning me a limit, but sometimes its just so ridiculous that you email the bank and ask for a review. Well the 1st time I emailed them, I was asked to email after six months. And when I emailed them after that , they gave me the same lecture about bank using some process blah blah !

Wow, SC really does something different in calculating the limits. The sadder part is that despite all my efforts, I seem to bump into customer service folks who seem to be inherently stupid, don’t make sense and will write anything to close a ticket. It’s the same copy paste lines, this time I got a reply in record 10 minutes from their second level customer care, this shows no research while responding to customer requests, just respond back with the template you have and close the ticket.

Please note I have impeccable credit history with ZERO defaults ever. Someplace somewhere, Standard Chartered bank’s marketing guys are coming up with awesome products while the customer care department is cutting costs and ensuring that customers don’t stick with the bank.

Why do I still stick with them ?

Well they do have a good product, however the lack of service will I am sure one day force me to severe all ties with them and never return to them ever again.

Can you tell us why their customer service sucks ?


1. I ask them to increase my credit limit via their SR system, no response for days. Then when I email them, I get a mail its not approved. Push them a little more and they say its been raised. Then when I send over my income documents, I don’t hear back for some time, another person now tells me the increase was never approved.

2. I redeemed some rewards which includes bonus Vodafone talk time (don’t take it, it’s a pain to redeem), the vendor doesn’t recharge my phone, I complain to Standard Chartered bank and lo and behold, they ask me to call Vodafone up which is a 4th party to all of this drama. I mean, I cannot even swallow the stupidity of the response.

Ref : xxxx

Dear Mr. Sud,

This is with reference to your e-mail dated July 21, 2012.

As informed earlier, we request you to contact M/s Vodafone directly for further assistance.

We regret any inconvenience caused to you in this regard.

Assuring you of our best services always

Yours sincerely,

Sriram Ps

Officer – Customer Care

And there are more instances, every time I am forced to write to their customer care, I feel like banging my head against the wall.

Advice to Standard Chartered folks : Pull your socks up, there is only so much bullshit a customer would take before leaving your bank.

Apr 09


If you are a Paypal Indian customer, your life with Paypal is officially over thanks to the Reserve Bank of India (RBI) and the Indian Government. You would have received an email to this effect already and would have realised that the Paypal account you so cherished is now just a wormhole to bring money into your bank account. You cannot use your earnings to purchase stuff on the Internet. So you can no longer use the hard earned money from your website to purchase hosting or to pay for the domain name of the said website. Under normal Indian Tax laws, these are perfectly acceptable uses for your earned money and infact are even deducted for the purpose of calculating taxable income from your business/service. The intentions of the Government are pretty clear. They want all this forex in Indian accounts but they dont want to give any leeway to Indians who are earning this money. A sad day in cyberspace for Indians indeed.

In compliance with Indian regulations, if you are selling products and services to customers globally, please review the following important information:

•       Any proceeds or earnings received into your PayPal account from the export of    goods and services should be withdrawn to your bank account within 30 days.

•       While making the withdrawal please make sure you select the purpose code that best fits your business.

•       Any proceeds or earnings received into your PayPal account from the export of goods and services may only be withdrawn to your bank account in India.  This received amount cannot be reused for making purchases.

•    If you would like to make purchases on any website that accepts PayPal, you can continue to use any credit card issued by a bank in India.

If you do use an Indian credit card to pay via Paypal it would actually mean double payment of commission to Paypal , once at time of receiving the forex and next time at the time of sending it since Paypal earns a lot through forex rates.

Its not Paypal’s fault though, its obvious the Indian Government and RBI had a larger role to play in this fiasco.

Jul 10

Every month your credit card statement comes with an insert with lots of offers. But do you realise that most of these so called ‘offers’ are selling you Chinese goods, smuggled grey market goods at prices greater than what the companies offer to regular customers.

You don’t! , let us take an example :

Please note we are not using any company name here, we will however be writing to a few companies to see their response.

This Credit Card company has tied up with one of the largest online retailers, but the prices quoted in exclusive offers to their customers is more than what normally one would have to pay:

We consider a 2GB quantum MP3 player, the cost for which is Rs.999 to all customers on the retailers website (shipping is free), but the exclusive offer for the credit card company’s customers is Rs.999 + Rs.200 shipping !

mp3 player

So the next time you feel tempted by an exclusive credit card offer that came with your statement, think again !

Jun 15

A lot of us aren’t aware that MTNL Delhi telephone bills can be paid online with credit cards, all you need to do is follow the steps :

1. Log onto http://billalert.mtnl.net.in/ (Note: If link is down, try again in 1-2 days, sometimes their server goes down) and click on register to register a user for you and your telephone number.

2. After creating your user, login and see the left hand side menu, click on add telephone.


3. Fill in your telephone number and CA number which is available on your bills.


4.Now whenever you login and click on unpaid bills , you should be able to see the currently unpaid bills and pay them via the pay button which takes you to an ICICI bank payment gateway. You can then pay via your VISA or MASTERCARD.


Now wasn’t that easy ? I personally have been using this method for the last 2 years and have only once faced a problem when i made the payment twice (my mistake :P ) , anyway the problem was taken care of by contacting the MTNL accounts dept. pretty easily.

Disclaimer : We do not endorse any payment method, post is for informational purpose only.