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Credit cards anyone?

Credit cards anyone?

Citibank is still pushing credit cards on to customers. Why?

January 6, 2009 3:47 by



This morning, Kipp got a call from a Citibank executive who was desperately trying to sell us a credit card. We had a hard time convincing him that we were not interested.

While we were still trying to figure out how the bank got our number, we found out that another colleague had got a similar call, and discovered that somebody from our company had given the bank our details.

It still left us wondering why a bank would try to push us a credit card during the current credit crunch? Citi even offered one of us 20 percent extra credit.

We did ask the bank why they are doing this, and we are still waiting for their response. In the meantime, any ideas?

Update: Here’s the response from Citi- “We continue to do business as usual without any interruptions. We have always followed prudent credit and marketing policies, and our business model has been tailored to meet the real financing needs of customers based in the UAE.”



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3 Comments

  1. hiro bachani on January 7, 2009 12:13 am

    Those who have a product to sell, will continue to sell aggressively. it is upto us as sensible customers to decide what is best for us and act accordingly- no one can force us to buy something we do not need- let the citi guys do what they are being paid to do- right? — and we know for one thing – there are many folks out there who would appreciate some more credit– and surely they are adults , and they know how much risk they can take in life- regards- hiro bachani- mg. director- http://www.merlin-me.com

     
  2. Doug on January 7, 2009 7:35 am

    I would think I am a good target customer… AED35,000 pre month salary etc and after being in Dubai for 2 years, I have just started getting calls from banks for credit cards, even a mortgage!

    You will probably find that the customers the banks are now targeting are the correct customers to be extending credit too… not just anyone; as in the past!

     
  3. Mrs Big T on January 7, 2009 7:48 am

    Myself and a colleague had a similar experience two days ago from National Bank of Dubai. We were offered credit cards and loans, both of which we turned down…..and then I was called a second time 10 minutes later and was offered the same deal again!

     

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