Caution for the freshers who just joined their first job and got their first salary, HDFC offers credit card right there and that's the trap.
It's out of my own experience and my friends who had been fallen in their trap.
They offered me credit card with a limit of 28k, been a fresher had no idea of interest, principal, CIBIL score or any amt, with full zoom I spent all the money and paid one EMI and then that age I didn't know the the CIBIL score facts, and also left the job if I didn't like it, I would tell that's the learning phrase of different profession in life right after our studies. And then I failed to pay my EMI because of no stability at work and no money either, and after a year a passed everything changed and got fixed in a job, but there was the surprise I seen my statement with huge payable amount almost tripple the limit. That was too much for me to pay and just continued with my job and happy with the salary.
As years go by the commitments also increased now I have a job with salary but no banks can approve my loan because these guys already spoiled and screwed so bad, right then small loans app helped me with little limit but this time I was faithful enough to pay back their dues on time and improved my credit score, of course, it took years, now I have good CIBIL score but I still can't apply for bigger limit because of this HDFC TRAP, NOW THE AMOUNT IS UNDOUBTEDLY 4 TIMES BIGGER AND WANT ME TO PAY AT ONE SHOT, HOW WILL I PAY THAT HUGE AMOUNT WITHOUT A FINANCIAL HELP unless you're doing good in life, even at the initial stage that was a huge amount to pay and even now, this is going on and on, they put me in trouble.
Now I'm literally waiting for a miracle to happen or a fairytale give me so much money to pay these frauds and take that report from my CIBIL to balance my FINANCIAL life.
Well agree my mistake of not paying back the dues at initially, but I feel and regret taking this card at that time without having a knowledge of how badly it impacts our future. So yes please take credit cards at least after 1-year experience at work and you have enough knowledge of your CIBIL data, and monthly commitments so you might not have chances of getting trapped of credits.
Pls don't accept these frauds offers right there, well actually these frauds make you fill the form of HDFC banking form and in that form there was an option too I remember as would you like to get a credit card?
YOU HDFC SCREWED MY LIFE TRUST ME.
