[Resolved]  State Bank of India — Illogical Finance Charges

Card No : xxxx xxxx xxxx xx86

On 17/Aug/07, I had taken an draft for easy money for an amount of Rs. 30000/=.

On 20/Aug/07, I was given a balance transfer offer fro an amount of Rs. 30000/=.

The amount that was taken for easy money was repaid back on 19/Sep/07 itself. (within the 1 month period). I called up SBI customer care and clearly informed that this 30000/= Rs payment is towards the easy money and not towards the balance transfer. But SBI has cleverly taken that re-payment amount towards balance transfer and put finance charges for not re-paying the easy money.

Now in the statement dated 1-Nov-07, they have put finance charges as Rs. 951.31 Rs towards easy money which has already been paid in full on 19/Sep/07.

I repaid the amount of 30,000/= on 19/Sep/07 towards easy money and not towards balance transfer. No foolish person will pay for the balance transfer on Sep-19-2007, when he has time till Nov-20-2007. Customers cannot be penalized for the whims and fancies though which SBI Credit card works.

They keep calling the customers, lure them to take the offers to boost your credit card sales and finally put the interest burden on the customers.
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Aug 13, 2020
Complaint marked as Resolved 
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card number:[protected]
with reference statement dated 17/3/2010 the total amount due was Rs925 the due was paid by cheque on 12/4/2010 inspite of clearing the due my august statement states that my card is blocked wit immediate payment due for Rs 324.96 for not using the card is this the treatment for making prompt payments..??? plz do the needfull.

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