iSK
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- Joined
- 16 Jul 2013
- Messages
- 17,619
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Good thing I'm having 70,000 limit from last 8 months. Bought Nothing Phone 1 & Infinix GT 10 Pro through Pay Later EMIs only
Good thing I'm having 70,000 limit from last 8 months. Bought Nothing Phone 1 & Infinix GT 10 Pro through Pay Later EMIs only
Is this a good thing or a bad thing?
There is also a chance that they are creating separate loan accounts in CIBIL and other credit bureaus for the amount of each credit enhancement. It will affect your credit mixBad practice imo bro.. unless it is requested from customer end they should not increase it. And even if it is initiated from customer end, Flipkart should check their credit score, purchase history and repayment history. I don't think Flipkart considers any of these. I personally know many people with poor credit history got their limit increased to 50k or 70k. I see a wicked business behind this. they keep increasing the limit to a higher value and at the same time offer no cost emi on products using this pay later limit.
I could only remember a famous dialogue from a Tamil (heist) movie - to cheat someone, just induce his desire or craving or greed.
They provide the opportunity to buy higher priced products which we wouldn't have bought without this higher credit. Many people would succumb to this strategy and get strangled with the repayment. Those who have control over their spendings will not be affected. But those innocent people who buy lot of products thinking this pay later service as a boon should be cautious. We should not forget the fact that this pay later credit comes with a interest rate of 24% almost 10% more than most of the credit cards in the market.
This reflects as a loan in Cibil so actually its bad damages your CibilGood thing I'm having 70,000 limit from last 8 months. Bought Nothing Phone 1 & Infinix GT 10 Pro through Pay Later EMIs only
Log out, clear data of the app and login using OTP. See if it works. Same happened with me too.Was trying to buy something using Gift Card balance. In the payments page it says "Verify with OTP to use Gift Card balance". After clicking on it, it says "Please try again later". After many tries, I finally got the OTP. But even after OTP verification, the Gift Card option doesn't get selected.
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