Master Card (Credit)
By Selvan2014 •
I received lulu Master Card on may 2014. Iniatially they told that no charges for card and you can pay upto 6 months without interest. Now they are sending message " you pay some amount". but I paid more than mentioned amount. after that they are charging debit interest every month. Now i verified with them. they are telling that "everything correct". are they cheating us?...........anybody feeling same thing . please share with us. ....and Now I wish to cancel this card......they like to charge QR.300 for cancellation. ..... why I dont know?.........please advise from the experienced poeple...thank you.
TO AVOID INTEREST clear outstanding amount before 5th of every month. this is what they emailed to me. Again they are advertising that 55 days are interest free days !!!????? even if we pay minimum payment in time.
this card is life time free. so i can purchase only QR 100 per month and clear it in the same month. how can they charge interest? and i no need to pay cancellation charge...........is this correct idea?................and i will read more points in fine print. ............thank you to all
yes. interest they will remove from the statement but it shows in the outstanding.. @selan2014
The customer service person told that this card is life time free . upto six months ( from date of purchase) No charges /interest for your purchase . you have to pay minimum amount for your credit and clear within six months. they are sending improper answer now and they didnt like to send my full statement. I cannt see the debit interest as per net banking statement, but It shows in total............. anyhave i am feeling ......this is one type of cheating...............
one more thing happened to me. last week i bought some things from lulu and redeemed my lulu loyalty points around QR 120.00. when i checked online yesterday, the same amount debited to card account. So again I sent an email for correction, till today no response came from the bank. I don't know how many days it will take to clear up.
Its just another credit card. You will have to pay at least the minimum on your monthly credit card bill. As Ricochet told, the 0% interest for 6 moth is applicable if you buy in that way, ie you have to mention it to the sales person.
One of my friends was so happy that his credit card's interest was 3.6%...The bank didn't mention explicitly that it's per month, that is around 40% per year.
Banks don't usually give time to the customer to read the fine print so that they can make money from ignorant customers...
they charged me too on 40th day of purchase both in lulu & Doha Card. I sent an email for correction and they responbded and removed that interest.
1) Maybe they are charging you because you made several transactions using your credit card.
2) 6 months installment applies only for single transaction.....for example if you buy something that is in installment basis and you purchased again thru your card then the interest will be applied but if you use your card once in purchasing installment basis then they should not charge you with interest.
When you apply for the Doha Bank Lulu Card They dont tell you that they will charge u if you wish to cancel the card, Nothing in Qatar is free my friend (always read the small print). This is the ploy that Doha Bank has been playing for the last 2-3 years.