Apply for changing the debts on Credit Cards | Reduce your credit cards interests with Bank�s Unique and New scheme

November 25th, 2012| News.

Apply for changing the debts on Credit Cards | Reduce your credit cards interests with Bank�s Unique and New scheme

Are you having many debts on your credit card? Are you unable to pay the heavy interests that are laid by the banks on the credit cards which became a burden every month? So a new plan or scheme is introduced by the banks and it is changing the debts on the credit cards into small interest debts.

For example if your credit card is charging 24% of interest, that can be changed to 15-16 % of interest. These interest rates changes according to the banks and in the same way the banks are offering to utilize this scheme for up to three years.

The reason for the origin of this scheme is to reduce the unveiling properties. Banks like ICICI and Citi bank are offering this scheme but are not daring to exhibit this because if these types of schemes are implemented the debts on the credit cards will be increased.

At present due to the financial crisis the usage of the credit cards is decreasing and according to the statistics, the usage of the credit cards in the last October which is 2.67 crores has reduced to 2.11 crores by this year which has a drastic change that ever seen in the credit cards usage