'I own four cards... but use only two'

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'I own four cards... but use only two'May 5, 2008
We asked Get Ahead readers about what they love and/or hate about their credit cards. Here are some of their interesting responses.
Shailesh DubeySenior Analyst, Deloitte Support Services India (P) Limited - OS&T
Here are some of the points I need to share with you with reference to credit cards loans:
How appropriate to talk about the pros and cons of credit cards when the creditworthiness of the individual is getting increasingly questioned in a volatile economy.
I own four credit cards (Citibank, ICICI, BarClays, and HSBC) and prefer to use just two (Citibank and ICICI).
Reasons: Well, friendly customer care, especially Citibank. ICICI needs to pull up its socks to get things moving. Often, their customer care executive sounds like they are just back being harangued from a vegetable market.
Both Citibank and ICICI have great offers for their platinum cardholders which kind of gives a feeling of being truly privileged.
Both Citibank and ICICI do offer EMI options for your purchases, however, they need to tweak the interest rate because when they get cumulated, they become exorbitantly high.
ICICI bank should modify their reward-point redemption programme and should include some more merchants in every cities (like Citibank).