• Hey there! Welcome to TFC! View fewer ads on the website just by signing up on TF Community.

Fee got charged on a pre-approved LTF card on 5th month's statement

  • Thread starter Thread starter COSMOCRAT
  • Start date Start date
  • Replies Replies 5
  • Views Views 980
Apply For Lifetime Free IDFC First Credit Card
COSMOCRAT

COSMOCRAT

TF Premier
I got an SMS back in October for a LTF card. Since I wanted to build a credit history I applied. Options were Moneyback+ or Tata Neu, but I chose MB+. The card came and no fee was charged on the first statement. Now today I saw the 20th Feb to March bill statement, the membership fee is charged 500 and 90 IGST.


Timeline:
18th Oct 2022 - Card is issued.
20th Oct 2022 - Activated and the same is the bill cycle date.
20th Oct to 19th Nov 2022 - First bill
20th Nov to 19th Dec 2022 - Second bill
20th Dec to 19th Jan 2022 - Third bill
20th Jan to 19th Feb 2022 - Fourth bill
20th Feb to 19th March 2022 - Fifth bill. The card membership fee was charged in this cycle on date 17th March 2022.


WTF? LTF which was the sole reason why I took it. Why not charge on the first month itself? So I could knew this is not LTF. This is the most useless card, only used it for Swiggy.
Should I close this card and affect my score? My score is 769. I've two other better cards now.
 

Attachments

  • image.png
    image.png
    16.4 KB · Views: 43
Apply For LTF AU LIT Credit Card
Sort by date Sort by votes
Vipul K said:
I got an SMS back in October for a LTF card. Since I wanted to build a credit history I applied. Options were Moneyback+ or Tata Neu, but I chose MB+. The card came and no fee was charged on the first statement. Now today I saw the 20th Feb to March bill statement, the membership fee is charged 500 and 90 IGST.


Timeline:
18th Oct 2022 - Card is issued.
20th Oct 2022 - Activated and the same is the bill cycle date.
20th Oct to 19th Nov 2022 - First bill
20th Nov to 19th Dec 2022 - Second bill
20th Dec to 19th Jan 2022 - Third bill
20th Jan to 19th Feb 2022 - Fourth bill
20th Feb to 19th March 2022 - Fifth bill. The card membership fee was charged in this cycle on date 17th March 2022.


WTF? LTF which was the sole reason why I took it. Why not charge on the first month itself? So I could knew this is not LTF. This is the most useless card, only used it for Swiggy.
Should I close this card and affect my score? My score is 769. I've two other better cards now.
Click to expand...
romilq said:
It was spend based LTF card most probably. You didn’t fulfill the condition. So charged after three months.
Click to expand...

i think you fell for this trick by hdfc: Thread '⚠️Misleading DCB LTF offer by HDFC Bank.' https://www.technofino.in/community/threads/⚠️misleading-dcb-ltf-offer-by-hdfc-bank.1851/

usually their spend based 'ltf' is for spends since within 90 days..hence after 4 months statement thy added it.
 
Apply For LTF Scepia Credit Card
Upvote 0 Downvote
Vipul K said:
LTF also has spend criteria now? Guess I'll close the card and be done with it. Millennia and Regalia are not so great to wait around for an upgrade either.
Click to expand...
if you have screenshots of LTF being offered to you, try escalating to RBI if hdfc doesn't agree to make it ltf. first try escalating to hdfc. you can tell rbi that hdfc is misleading users by using the word 'LIFETIME FREE' with hidden conditions.
 
Upvote 0 Downvote
You must log in or register to reply here.
Back
Top