Story about Card Debt

[Trust Me]

... She was paying most of her payments through Bank UPI. but did around 3000 Rs. transaction on her card. and automatically minimum due is paid off. she didn't check her mails for statements, SMS saying auto debit has been done and she ignored..... ...... then i see her statement it grew to 60k-61k.
I don't know how she missed it, she is usually good with finance basics, Investing regularly in SIP, Had emergency fund, not doing any impulse buying. she paid off that 60k.

How long did it take for 3k to grow into 60k ?!!! ... And she didn't have any inkling all this time ?!!! --- And she's good with finance basics?! It sure boggles the mind!

It may sound cruel, but I think the lesson she learned was not priced exorbitantly. --- She'd never forget it.
.

 

[sahildca]

i use Hurry which also has reminder and countdown timer

Hurry Day Countdown & Reminder - Apps on Google Play

Countdown until birthdays, holidays, vacations, Christmas

play.google.com

 

[pothi]

Thats really informative, I want to know about NEFT transfer recently I read ICICI considers NEFT payments as refund and deducts reward points/cashbacks?

No deduction so far in my Amazon Pay ICICI CC. These days, I use only NEFT. Until UPI brings scheduling.

NEFT payments aren't considered as refunds. If ICICI ever does so, I will sue them for sure.

ICICI actually provides two IFSC codes to settle payment via NEFT. Both works as confirmed by others here...

All Bank Credit Card Payment option details

already too many bills to track and pay on the last date, the cc bills are something i would always auto-pay using same bank savings account

www.technofino.in

 

[Dad0h0j0]

one has to be careful while registering for auto debit /NACH mandate for card fee payment, I have observed that by default "minimum due" is selected instead of "full payment".

yeah same thing happened with her too.

 

[Riya Sharma]

View attachment 46953
And me manually tracking my bills with Google Keeps 🤓

This is cool. Does anyone know how to make Something similar using Shortcuts on iOS?

 

[Dad0h0j0]

How long did it take for 3k to grow into 60k ?!!! ... And she didn't have any inkling all this time ?!!! --- And she's good with finance basics?! It sure boggles the mind!

It may sound cruel, but I think the lesson she learned was not priced exorbitantly. --- She'd never forget it.
.

true as i said she learned lesson and closed the card,i ask her she was paying some of expenses through credit card. so i think they add up to. but most of her transection were done through bank directly so amout was there but no large.

and she had now cut her ties to credit card altogether.

 

[Dad0h0j0]

This is cool. Does anyone know how to make Something similar using Shortcuts on iOS?

i think in ios Google keep also has widget. or else you can use notes or reminder app for the same use.

 

[Riya Sharma]

i think in ios Google keep also has widget. or else you can use notes or reminder app for the same use.

Oh. That is a widget? I thought it was some sort of pop up that automatically collected your due amount and shows it to you

 

[Gaara]

No deduction so far in my Amazon Pay ICICI CC. These days, I use only NEFT. Until UPI brings scheduling.

NEFT payments aren't considered as refunds. If ICICI ever does so, I will sue them for sure.

ICICI actually provides two IFSC codes to settle payment via NEFT. Both works as confirmed by others here...

All Bank Credit Card Payment option details

already too many bills to track and pay on the last date, the cc bills are something i would always auto-pay using same bank savings account

www.technofino.in

Link: NEFT payment to credit cards are considered as refund. Raise the issue to customer care, they'll give it back

It was in that thread i was referring to.

 

[Dad0h0j0]

Oh. That is a widget? I thought it was some sort of pop up that automatically collected your due amount and shows it to you

That i dont know, Sorry..

 

[Maikalal Jaikishan]

I alter the billing cycle of all my cards to be the same. I have 2 reminders set in the calendar app to pay all bills at the same time.

 

[msk1437]

I alter the billing cycle of all my cards to be the same. I have 2 reminders set in the calendar app to pay all bills at the same time.

How tough was it to contact each bank and do this?

 

[Maikalal Jaikishan]

How tough was it to contact each bank and do this?

As far as I recall, mostly did it through the respective apps. I believe I did have to call ICICI, but I have a wealth management account there, so it was an easy call with no waiting or IVR.

Scapia is the last card I got and they gave the option to choose the billing cycle right at the start while activating the card. That was a nice touch. All card issuers should do that.

 

[hedgehog2122]

View attachment 46953
And me manually tracking my bills with Google Keeps 🤓

Bade hardworking ho bhai