Saturday, January 10, 2009

The Satyam Fiasco : The HDFC Angle

Just when things were not going right at Satyam, Satyamites got another shocker, a rather more embarrassing one. All HDFC credit card holders got their purchasing limits revised, automatically, and reduced by drastic levels.

For instance : A fellow Satyamite with a limit of Rs. 50,000 got an SMS from HDFC stating that his credit limit is revised to Rs. 2,000 with immediate effect! Rs. 50,000 to Rs. 2,000! You can't even book a frikkin air ticket on that card!

On calling up the customer care, he was hit in the place that hurts the most.
Satyamite : Hi! I have just received a message stating that my card's credit limit is revised from 50,000 to 2,000. What is the reason?
Call Centre Guy : Sir, you are right. This is a result of an exclusive policy that we have adopted for Satyam employees!

Sunofabitch! True, when a ship sinks, it is the rats that run the first. And a rat HDFC has turned out to be! This colleague of mine had been using the card for at least 2 years, without missing out on payments. Now this is the way that HDFC rewards loyalty.

Never in my life, would I go for an HDFC Credit Card or Account. Never!
It is just disgusting to hear something like that!

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