Snake Posted June 4 Report Share Posted June 4 4 hours ago, KunjanPSD said: Auto. Their grievance cell had informed people that from May'23, CL will be reported and today it has started to reflect in my CIBIL. Although, a higher CIBIL won't help in getting cards which have secondary criterias, for most a CIBIL of 750 is enough. CL is credit limit? Quote Link to comment Share on other sites More sharing options...
KunjanPSD Posted June 4 Report Share Posted June 4 1 minute ago, Snake said: CL is credit limit? Yes. HDFC only used to report High credit i.e. highest limit utilisation. They didn't report CL. So spends of all cards including HDFC were counted against a cumulative CL which didn't include HDFC CL, resulting in skewed credit utilisation. Quote Link to comment Share on other sites More sharing options...
Bird Bird Bird Posted June 4 Report Share Posted June 4 38 minutes ago, KunjanPSD said: Yes. HDFC only used to report High credit i.e. highest limit utilisation. They didn't report CL. So spends of all cards including HDFC were counted against a cumulative CL which didn't include HDFC CL, resulting in skewed credit utilisation. Not updated for me. Quote Link to comment Share on other sites More sharing options...
KunjanPSD Posted June 4 Report Share Posted June 4 11 minutes ago, Bird Bird Bird said: Not updated for me. Has been updated for many. CIBIL anyway processes in batches, so wait and see. Quote Link to comment Share on other sites More sharing options...
dante77 Posted June 4 Report Share Posted June 4 1 hour ago, Bird Bird Bird said: Not updated for me. Same. CIBIL, Experian. Same as before Quote Link to comment Share on other sites More sharing options...
rushab oswal Posted June 6 Report Share Posted June 6 https://www.technofino.in/community/threads/caution-check-your-ais-banks-have-reported-high-value-credit-card-spends-for-fy22-23.13469/page-4 Quote Link to comment Share on other sites More sharing options...
KunjanPSD Posted June 6 Report Share Posted June 6 38 minutes ago, rushab oswal said: https://www.technofino.in/community/threads/caution-check-your-ais-banks-have-reported-high-value-credit-card-spends-for-fy22-23.13469/page-4 Technofino is a Grade A fud spreader. The admin himself was caught by Axis for gaming the systems and his cards were cancelled. He was covered by mint as well where he conveniently skipped that he made points via loopholes etc. High spending is reported in AIS anyway, don't give much attention to the panic their posts try to create. 1 Quote Link to comment Share on other sites More sharing options...
Bird Bird Bird Posted June 15 Report Share Posted June 15 New zero forex CC coming soon: https://www.scapia.cards/ RR of 2-4%. https://yourstory.com/2023/06/former-flipkart-svp-anil-goteti-fintech-travel-credit-card-scapia Quote Link to comment Share on other sites More sharing options...
KunjanPSD Posted June 15 Report Share Posted June 15 1 hour ago, Bird Bird Bird said: New zero forex CC coming soon: https://www.scapia.cards/ RR of 2-4%. https://yourstory.com/2023/06/former-flipkart-svp-anil-goteti-fintech-travel-credit-card-scapia 1 hour ago, Bird Bird Bird said: New zero forex CC coming soon: https://www.scapia.cards/ RR of 2-4%. https://yourstory.com/2023/06/former-flipkart-svp-anil-goteti-fintech-travel-credit-card-scapia Another Bread to lending story soon. Quote Link to comment Share on other sites More sharing options...
KunjanPSD Posted June 21 Report Share Posted June 21 Well, as expected, banks are sending communications regarding charging 20% TCS on all international CC spends (except education/med) without the 7L threshold. Govt. knew that just a clarification of the threshold won't do anything and threw banks under the bus. Banks instead of extending threshold from DC to CC, dropped it completely. Called it back then. I pity Indian taxpayers. Will happily give up UPI etc etc to not get treated like a chor. @Shantz @Bird Bird Bird @rushab oswal Quote Link to comment Share on other sites More sharing options...
Shantz Posted June 21 Report Share Posted June 21 2 minutes ago, KunjanPSD said: Well, as expected, banks are sending communications regarding charging 20% TCS on all international CC spends (except education/med) without the 7L threshold. Govt. knew that just a clarification of the threshold won't do anything and threw banks under the bus. Banks instead of extending threshold from DC to CC, dropped it completely. Called it back then. I pity Indian taxpayers. Will happily give up UPI etc etc to not get treated like a chor. @Shantz @Bird Bird Bird @rushab oswal And i have a trip coming up right now ending around 1st july so will pay a big bill for hotel around that time :'( Quote Link to comment Share on other sites More sharing options...
dante77 Posted June 21 Report Share Posted June 21 12 minutes ago, KunjanPSD said: Well, as expected, banks are sending communications regarding charging 20% TCS on all international CC spends (except education/med) without the 7L threshold. Govt. knew that just a clarification of the threshold won't do anything and threw banks under the bus. Banks instead of extending threshold from DC to CC, dropped it completely. Called it back then. I pity Indian taxpayers. Will happily give up UPI etc etc to not get treated like a chor. @Shantz @Bird Bird Bird @rushab oswal Received mail from my banks too. Didn't read much into it but yeah they are clearly ready to charge 20% extra. Screw this sh*t! Why is this not a big deal and hot topic??? Quote Link to comment Share on other sites More sharing options...
KunjanPSD Posted June 21 Report Share Posted June 21 16 minutes ago, dante77 said: Received mail from my banks too. Didn't read much into it but yeah they are clearly ready to charge 20% extra. Screw this sh*t! Why is this not a big deal and hot topic??? Only affects *taxpayers* Quote Link to comment Share on other sites More sharing options...
Bird Bird Bird Posted June 21 Report Share Posted June 21 1 hour ago, KunjanPSD said: Well, as expected, banks are sending communications regarding charging 20% TCS on all international CC spends (except education/med) without the 7L threshold. Govt. knew that just a clarification of the threshold won't do anything and threw banks under the bus. Banks instead of extending threshold from DC to CC, dropped it completely. Called it back then. I pity Indian taxpayers. Will happily give up UPI etc etc to not get treated like a chor. @Shantz @Bird Bird Bird @rushab oswal Can you share an email ? I checked my email and yet to see anything from the banks. Quote Link to comment Share on other sites More sharing options...
KunjanPSD Posted June 21 Report Share Posted June 21 2 minutes ago, Bird Bird Bird said: Can you share an email ? I checked my email and yet to see anything from the banks. I haven't received an email yet but many have. From HDFC/Kotak. 1 Quote Link to comment Share on other sites More sharing options...
dante77 Posted June 21 Report Share Posted June 21 (edited) 14 minutes ago, Bird Bird Bird said: Can you share an email ? I checked my email and yet to see anything from the banks. Sent you on WhatsApp. Putting here is hard lol Edited June 21 by dante77 1 Quote Link to comment Share on other sites More sharing options...
dante77 Posted June 22 Report Share Posted June 22 Just got mail from HSBC too. Basically business and Leisure won't have threshold. Pay 20% Quote Link to comment Share on other sites More sharing options...
Bird Bird Bird Posted June 22 Report Share Posted June 22 How are they doing this ? Hasn't the govt mandates that TCS is only after 7L threshold ? Won't there be court cases against them since they are not following threshold ? Quote Link to comment Share on other sites More sharing options...
rushab oswal Posted June 22 Report Share Posted June 22 19 hours ago, KunjanPSD said: Well, as expected, banks are sending communications regarding charging 20% TCS on all international CC spends (except education/med) without the 7L threshold. Govt. knew that just a clarification of the threshold won't do anything and threw banks under the bus. Banks instead of extending threshold from DC to CC, dropped it completely. Called it back then. I pity Indian taxpayers. Will happily give up UPI etc etc to not get treated like a chor. @Shantz @Bird Bird Bird @rushab oswal Did not get any mail. but if true this will hurt me unnessary because i dont even have foreign trips , just basic hosting bills. Already have so much money stuck with government because of inverse gst mechanism. 15 minutes ago, Bird Bird Bird said: How are they doing this ? Hasn't the govt mandates that TCS is only after 7L threshold ? Won't there be court cases against them since they are not following threshold ? India he bhai , no one will bother to go to courts because of painfully slow process Quote Link to comment Share on other sites More sharing options...
Bird Bird Bird Posted June 22 Report Share Posted June 22 12 minutes ago, rushab oswal said: India he bhai , no one will bother to go to courts because of painfully slow process Nahi yaar. Even with low numbers, enough people will be hit to create ruckus. Absolutely stupid implementation of rule though. Not sure how business travel will be impacted now. Quote Link to comment Share on other sites More sharing options...
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