Credit Cards

[Kumaran kutty]

Friends,

You all are aware that Credit Cards have become an integral part of
today's life.The main reason is they are just like carrying money in
our pockets. Wherever we go, we can draw money and purchase items
whatever we like. It is safe to have a credit card in your pocket than
carrying money.

But how far an Indian Credit Card holder is safe from the exploitation
by banks who issue Credit Cards? Many such opinions have recently
surfaced through the Medias. As a Card holder what is your opinion?
What are the possible actions The Reserve Bank of India can take
against this looting by the banks?